Common use of Base Rate Advances Clause in Contracts

Base Rate Advances. The unpaid principal amount of each Base Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Base Rate plus the Applicable Margin per annum.

Appears in 17 contracts

Sources: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Base Rate Advances. The unpaid principal amount of each Base Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Base Rate plus the Applicable Margin per annumfor Base Rate Advances.

Appears in 4 contracts

Sources: Credit Agreement (Graco Inc), Credit Agreement (Graco Inc), Omnibus Amendment (Graco Inc)

Base Rate Advances. The unpaid principal amount of each Base Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin per annumMargin.

Appears in 1 contract

Sources: Term Loan Agreement (Otter Tail Corp)

Base Rate Advances. The unpaid principal amount of each Base Rate Advance shall bear interest prior to maturity at a rate per annum equal to the Base Rate plus the Applicable Margin per annumRate.

Appears in 1 contract

Sources: Credit Agreement (Graco Inc)