Common use of Base Rate Option Clause in Contracts

Base Rate Option. An option to pay interest at a fluctuating rate per annum equal to the Alternate Base Rate in effect as of any date of determination plus the Applicable Margin as of such date; or

Appears in 16 contracts

Sources: Joinder, Consent, First Amendment and Reaffirmation Agreement (ATN International, Inc.), Credit Agreement (Nuvera Communications, Inc.), Credit Agreement (Shenandoah Telecommunications Co/Va/)

Base Rate Option. An option to pay interest at a fluctuating rate per annum equal to the Alternate Base Rate in effect as of any date of determination plus the Applicable Margin as of such date; or

Appears in 3 contracts

Sources: Term Loan Credit Agreement (Seaboard Corp /De/), Term Loan Credit Agreement (Seaboard Corp /De/), Term Loan Credit Agreement (Seaboard Corp /De/)

Base Rate Option. An option to pay interest at a fluctuating rate per annum equal to the Alternate Base Rate in effect as of any date of determination plus the Applicable Margin as of such date; or

Appears in 2 contracts

Sources: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

Base Rate Option. An option to pay interest at a fluctuating rate per annum equal to the Alternate Base Rate in effect as of any date of determination plus the Applicable Margin as of such date; or;

Appears in 2 contracts

Sources: Term Loan Credit Agreement (Seaboard Corp /De/), Term Loan Credit Agreement (Seaboard Corp /De/)

Base Rate Option. An option to pay interest at a fluctuating rate per annum equal to the Alternate Base Rate in effect as of any date of determination plus the Applicable Margin as of such date0.625%; or

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Seaboard Corp /De/)