Common use of Euro-Dollar Rate Loans Clause in Contracts

Euro-Dollar Rate Loans. Each Euro-Dollar Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at the Euro-Dollar Rate for such Interest Period. Such interest shall be payable for each Interest Period on the last day thereof; provided, however, if any Interest Period is for a period of more than three (3) months, accrued interest shall also be due and payable at the end of each consecutive three (3) month period within such Interest Period, commencing with the first day thereof, as well as on the last day thereof. Any overdue principal of and, to the extent permitted by law, overdue interest on any Euro- Dollar Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the Default Rate; provided that the mere application of the Default Rate to these Revolving Loans shall not give rise to the breakage of an Interest Period, but only an increased margin applicable to these Revolving Loans.

Euro-Dollar Rate Loans. Each Euro-Dollar Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at the Euro-Dollar Rate for such Interest Period. Such interest shall be payable for each Interest Period on the last day thereof; provided, however, if any Interest Period is for a period of more than three (3) months, accrued interest shall also be due and payable at the end of each consecutive three (3) month period within such Interest Period, commencing with the first day thereof, as well as on the last day thereof. Any overdue principal of and, to the extent permitted by law, overdue interest on any Euro- Euro-Dollar Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the Default Rate; provided that the mere application of the Default Rate to these Revolving Loans shall not give rise to the breakage of an Interest Period, but only an increased margin applicable to these Revolving Loans.

Euro-Dollar Rate Loans. Each Euro-Dollar Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at the Euro-Dollar Rate for such Interest Period. Such interest shall be payable for each Interest Period on the last day thereof; providedPROVIDED, howeverHOWEVER, if any Interest Period is for a period of more than three (3) months, accrued interest shall also be due and payable at the end of each consecutive three (3) month period within such Interest Period, commencing with the first day thereof, as well as on the last day thereof. Any overdue principal of and, to the extent permitted by law, overdue interest on any Euro- Dollar Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the Default Rate; provided PROVIDED that the mere application of the Default Rate to these Revolving Loans shall not give rise to the breakage of an Interest Period, but only an increased margin applicable to these Revolving Loans.