Reference Rate Loans. Each Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Revolving Loan until such principal amount becomes due, at a rate per annum equal to the Reference Rate plus the Applicable Margin.
Reference Rate Loans. Interest on each outstanding Loan made as or converted into a Reference Rate Loan shall be computed for the actual number of days elapsed on the basis of a year of 360 days and shall be payable to Agent, for the ratable benefit of Lenders, in arrears (i) on the first Business Day of each calendar month after the Closing Date, (ii) on the Commitment Maturity Date, and (iii) if any interest accrues or remains payable after the Commitment Maturity Date or during the continuance of an Event of Default, upon demand by Agent. Interest shall accrue and be payable on each such Reference Rate Loan at a per annum interest rate equal to the Reference Rate plus the Applicable Reference Rate Margin.
Reference Rate Loans. On that portion of such Borrowing maintained from time to time as a Reference Rate Loan, equal to the Reference Rate from time to time in effect.
Reference Rate Loans. Each request for a Borrowing of -------------------- Reference Rate Loans shall be received by the Bank from an Authorized Officer on or before 11:00 a.m., Chicago, Illinois time, on the Banking Day of the requested Borrowing. Each request shall specify (i) the borrowing date, which day shall be a Banking Day and (ii) the amount of requested Borrowing.
Reference Rate Loans. The unpaid principal amount of each Reference Rate Loan shall bear interest prior to maturity at a rate per annum equal to the Reference Rate in effect from time to time plus the Applicable Percentage. Accrued interest on each Reference Rate Loan shall be payable on each Payment Date and at maturity.
Reference Rate Loans. That portion of the Loans maintained from time to time as a Reference Rate Loans shall accrue and bear interest until maturity at a rate per annum equal to the Alternate Reference Rate from time to time in effect.
Reference Rate Loans. Interest on each outstanding Reference Rate Loan shall be computed for the actual number of days elapsed on the basis of a year of 360 days and shall be payable to Bank in arrears (i) on the first Business Day of each calendar month after the Closing Date, (ii) on the Commitment Maturity Date, and (iii) if any interest accrues or remains payable after the Commitment Maturity Date or during the continuance of an Event of Default, upon demand by Bank. Interest shall accrue and be payable on each Reference Rate Loan at a per annum interest rate equal to the Reference Rate.
Reference Rate Loans. The unpaid principal balance of each Reference Rate Loan shall bear interest prior to the Final Maturity Date at an annual rate equal to the Reference Rate and such rate shall change on each day on which the Reference Rate changes. Accrued interest on Revolving Loans shall be due on the first Business Day of each month, commencing November 1, 1997, and on the Final Maturity Date.
Reference Rate Loans. Reference Rate Loans are loans made where the applicable rate of interest is the Reference Rate.
Reference Rate Loans. If such Loan is a Reference Rate Loan, a rate per annum equal at all times to the Adjusted Reference Rate plus 8.00%, but in no event to exceed the Maximum Rate provided that if, for any fiscal quarter occurring after December 31, 2020, the Borrower delivers financial statements in accordance with Section 8.06(a) or Section 8.06(b) to the Administrative Agent reflecting that its Total Debt to Consolidated EBITDAX Ratio of the Borrower as of the fiscal quarter just ended is less than 2.00 to 1.00, then for each fiscal quarter thereafter where such ratio is less than 2.00 to 1.00, the Reference Rate Loans shall bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 7.50%, but in no event to exceed the Maximum Rate.
