Common use of Base Rate Option Clause in Contracts

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 35 contracts

Sources: Credit Agreement (Core Natural Resources, Inc.), Term Loan Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Gentex Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 365/366 days, as the case may be, or, if the Base Rate is measured by reference to the Daily Euro Rate, 360 days, and in each case actual days elapsed) equal to the Base Rate plus the Applicable Marginapplicable number of basis points calculated under the Pricing Grid, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 8 contracts

Sources: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable MarginRate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate; or.

Appears in 7 contracts

Sources: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 365/366 days, as the case may be, or, if the Base Rate is measured by reference to the Daily Euro Rate, 360 days, and in each case and actual days elapsed) equal to the Base Rate plus the Applicable Marginapplicable number of basis points calculated under the Pricing Grid, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 4 contracts

Sources: Revolving Credit Facility (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Revolving Credit Facility (Triumph Group Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base RateRate and/or the Applicable Margin; or

Appears in 4 contracts

Sources: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Base Rate Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 4 contracts

Sources: Term Loan Agreement (Associated Estates Realty Corp), Credit Agreement (Associated Estates Realty Corp), Credit Agreement (Associated Estates Realty Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base RateRate and/or the Applicable Margin; or

Appears in 3 contracts

Sources: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; Rate or

Appears in 3 contracts

Sources: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 three hundred sixty (360) days, as the case may be, and actual days elapsed) equal to the sum of: (i) the Base Rate Rate, plus (ii) the Applicable Margin, minus (iii) one percent (1.00%) (the “Base Rate Option”), but in each case, such interest rate to change automatically without notice to the Borrower from time to time effective as of the effective date of each change in the Base RateRate (or any component thereof); or

Appears in 3 contracts

Sources: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginRate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 2 contracts

Sources: Receivables Financing Agreement (Sylvamo Corp), Receivables Financing Agreement (Sylvamo Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) ), equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base RateRate or Applicable Margin; or

Appears in 2 contracts

Sources: Credit Agreement (Covance Inc), Credit Agreement (Covance Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and for the actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 2 contracts

Sources: Credit Agreement (Too, Inc.), Credit Agreement (Tween Brands, Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 360 days, as the case may be, and actual days elapsed, provided that, for Loans made in an Optional Currency for which a 365 day basis is the only market practice available to the Agent, such rate shall be calculated on the basis of a year of 365 days, for the actual days) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base RateRate or Applicable Margin; or

Appears in 1 contract

Sources: Credit Agreement (Covance Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 360 days, as for the case may be, and actual number of days elapsed) equal to the Base Rate ABR plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base RateABR; or

Appears in 1 contract

Sources: Senior Multi Currency Revolving Credit Facility (Viasys Healthcare Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Credit Agreement (Arch Coal Inc)

Base Rate Option. A fluctuating rate per ---------------- annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Credit Agreement (Option Care Inc/De)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, three hundred sixty (360) days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Revolving Credit Facility (Big Lots Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 three hundred sixty (360) days, as the case may be, and actual days elapsed) equal to the sum of the Base Rate plus the Applicable MarginBase Rate Spread, such interest rate to change automatically without notice to Borrower from time to time effective as of the effective date of each change in the Base RateRate (or any component thereof) (“Base Rate Option”); or

Appears in 1 contract

Sources: Construction Loan Agreement (Forestar Group Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginRate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Receivables Purchase Agreement (Harsco Corp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 three hundred sixty five (365) or 366 three hundred sixty six (366) days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Revolving Credit Facility (Big Lots Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginRate, such interest yield rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Receivables Purchase Agreement (Exela Technologies, Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginRate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or;

Appears in 1 contract

Sources: Receivables Financing Agreement (Applied Industrial Technologies Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginRate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; oror ​ ​ ​

Appears in 1 contract

Sources: Receivables Financing Agreement (Alliance Resource Partners Lp)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Credit Agreement (Koppers Holdings Inc.)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable MarginMargin set forth on the pricing grid attached hereto as Exhibit l, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or. If and when the Base Rate changes, the rate of interest with respect to any advances to which the Base Rate Option applies will change automatically without notice to the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Aquapenn Spring Water Company Inc)

Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or;

Appears in 1 contract

Sources: Loan Documents (Tb Woods Corp)

Base Rate Option. A fluctuating rate per ---------------- annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Sources: Credit Agreement (Suburban Lodges of America Inc)