Common use of Fixed Rate Competitive Advances Clause in Contracts

Fixed Rate Competitive Advances. If such Advance is a Fixed Rate Competitive Advance, interest thereon shall be payable on the last day of the Interest Period therefor and, if any Interest Period has a duration of more than 90 days, on each day which occurs during such Interest Period every 90 days from the first day of such Interest Period, provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to (A) for the remainder, if any, of the original stated maturity of such Advance, 2% per annum above the rate of interest applicable to such Advance immediately prior to the date on which such amount became due, and (B) thereafter, 2% per annum above the Applicable Rate in effect from time to time for Base Rate Advances.

Fixed Rate Competitive Advances. If such Advance is a Fixed Rate Competitive Advance, interest thereon shall be payable on the last day of the Interest Period therefor and, if any Interest Period has a duration of more than 90 days90days, on each day which occurs during such Interest Period every 90 days from the first day of such Interest Period, provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to (A) for A)for the remainder, if any, of the original stated maturity of such Advance, 2% per annum above the rate of interest applicable to such Advance immediately prior to the date on which such amount became due, and (B) thereafterB)thereafter, 2% per annum above the Applicable Rate in effect from time to time for Base Rate Advances.

Fixed Rate Competitive Advances. If such Advance is a Fixed Rate Competitive Advance, interest thereon shall be payable on the last day of the Interest Period therefor and, if any Interest Period has a duration of more than 90 degree days, on each day which occurs during such Interest Period every 90 days from the first day of such Interest Period, provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to (A) for the remainder, if any, of the original stated maturity of such Advance, 2% per annum above the rate of interest applicable to such Advance immediately prior to the date on which such amount became due, and (B) thereafter, 2% per annum above the Applicable Rate in effect from time to time for Base Rate Advances.

Fixed Rate Competitive Advances. If such Advance is a Fixed Rate Competitive Advance, interest thereon shall be payable on the last day of the Interest Period therefor and, if any Interest Period has a duration of more than 90 days90days, on each day which occurs during such Interest Period every 90 days from the first day of such Interest Period, provided PROVIDED that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum PER ANNUM equal at all times to (A) for A)for the remainder, if any, of the original stated maturity of such Advance, 2% per annum PER ANNUM above the rate of interest applicable to such Advance immediately prior to the date on which such amount became due, and (B) thereafterB)thereafter, 2% per annum PER ANNUM above the Applicable Rate in effect from time to time for Base Rate Advances.