Common use of Base Rate Borrowings Clause in Contracts

Base Rate Borrowings. The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to the Adjusted Base Rate plus the Applicable Rate.

Appears in 9 contracts

Sources: Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp)

Base Rate Borrowings. The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Revolving Loan, the Adjusted Base Rate plus the Applicable Rate plus for any Commitment Utilization Day, the Applicable Additional Margin; or (ii) in the case of a Term Loan, the Adjusted Base Rate plus the Applicable Rate.

Appears in 2 contracts

Sources: Credit Agreement (Sprint Nextel Corp), Amendment No. 1 (Sprint Nextel Corp)

Base Rate Borrowings. The Loans comprising each Each Base Rate Borrowing Loan shall bear interest at a rate per annum equal to the Adjusted Base Rate plus the Applicable Rate3.5%.

Appears in 1 contract

Sources: Subordinated Credit Agreement (Chadmoore Wireless Group Inc)