Common use of Base Rate Advances Clause in Contracts

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, commencing on June 30, 2015, and on the Maturity Date.

Appears in 6 contracts

Sources: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152014, and on the Maturity Date.

Appears in 6 contracts

Sources: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152013, and on the Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Triangle Petroleum Corp), Credit Agreement (Triangle Petroleum Corp)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 3030th, and December 31st commencing on December 31, commencing on June 30, 20152012, and on the Revolving Maturity Date or the Term Maturity Date, as applicable.

Appears in 2 contracts

Sources: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, commencing on June 30, 20152017, and on the Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Advances which are Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152014, and on the Maturity DateDate (unless any such date shall not be a Business Day in which case such payment shall be made on the next preceding Business Day).

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender▇▇▇▇▇▇’s Base Rate Advances on each March 31, June 30, September 30, and December 31, commencing on June 30, 2015, and on the Maturity Interest Payment Date.

Appears in 1 contract

Sources: Credit Agreement (Select Water Solutions, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender the Lenders all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 31, June 30, September 30, and December 31, commencing on June 30March 31, 20152012, and on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Oceaneering International Inc)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 3030th, and December 31, 31st commencing on June 30, 20152014, and on the Revolving Maturity Date or the Term Maturity Date, as applicable.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on the first day of each March 31month commencing December 1, June 30, September 30, and December 31, commencing on June 30, 20152017, and on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Select Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 3030th, and December 31st commencing on December 31, commencing on June 30, 20152012, and on the Revolving Maturity Date, the CapEx Maturity Date or the Term Maturity Date, as applicable.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account benefit of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31 commencing on March 31, commencing on June 30, 20152008, and on the Maturity Date. Each Swing Line Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Drilling Co)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 3030th, and December 31, commencing 31stcommencing on June 30, 20152014, and on the Revolving Maturity Date, the CapEx Maturity Date or the Term Maturity Date, as applicable.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Revolving Lender all accrued but unpaid interest on such Revolving Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June September 30, 20152017, and on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Nine Energy Service, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 30th, and December 31st commencing on September 30, and December 31, commencing on June 30, 20152013, and on the Revolving Maturity Date or the Term Maturity Date, as applicable.

Appears in 1 contract

Sources: Credit Agreement (Steel Excel Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account benefit of each Lender all accrued but unpaid interest on such Lender’s 's Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152011, and on the Maturity Date. Each Swing Line Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Energy Services Corp)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152014, and on the Maturity Date.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Triangle Petroleum Corp)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s 's Base Rate Advances on the first day of each month commencing March 311, June 30, September 30, and December 31, commencing on June 30, 20152022, and on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Select Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s 's Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152012, and on the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Triangle Petroleum Corp)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such periodin effect from time to time. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances Advances, quarterly in arrears, on each March 3131st, June 3030th, September 3030th, and December 31, 31st commencing on June 30, 20152014, and on the Revolving Maturity Date, the CapEx Maturity Date or the Term Maturity Date, as applicable.

Appears in 1 contract

Sources: Credit Agreement (Aly Energy Services, Inc.)

Base Rate Advances. Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period. The Borrower shall pay to Administrative Agent for the ratable account benefit of each Lender all accrued but unpaid interest on such Lender’s Base Rate Advances on each March 31, June 30, September 30, and December 31, 31 commencing on June 30, 20152011, and on the Maturity Date. Each Swing Line Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Drilling Co)