Common use of Rates of Interest Clause in Contracts

Rates of Interest. (a) Each Borrower agrees to pay interest in respect of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 4 contracts

Samples: Day Revolving Credit Agreement (Pp&l Inc), Day Revolving Credit Agreement (Pp&l Resources Inc), Pp&l Resources Inc

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Rates of Interest. (a) Each Borrower agrees to pay interest in ----------------- respect of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section (S) 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 2 contracts

Samples: Pp&l Resources Inc, Pp&l Inc

Rates of Interest. (a) Each The Borrower agrees to pay interest in respect of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section ss. 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (PPL Energy Supply LLC)

Rates of Interest. (ae) Each The Borrower agrees to pay interest in respect ---------------------- of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section (S) 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

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Rates of Interest. (a) Each The Borrower agrees to pay interest in ------------------ respect of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section (S) 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

Rates of Interest. (a) Each Borrower agrees to pay interest in ------------------ respect of the unpaid principal amount of each Base Rate Loan made to it from the date the proceeds thereof are made available to it until prepayment pursuant to Section (S) 3 or maturity (whether by acceleration or otherwise) at a rate per annum which shall be the Base Rate in effect from time to time.

Appears in 1 contract

Samples: PPL Electric Utilities Corp

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