Common use of Interest and Payment Dates Clause in Contracts

Interest and Payment Dates. (a) Subject to the provisions of Section 2.6, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate plus one hundred twenty-five (125) basis points (1.25%).

Interest and Payment Dates. (a) Subject to the provisions of Section 2.6, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate plus one hundred twenty-five (125) basis points (1.25%)the Applicable Margin.

Interest and Payment Dates. (a) Subject to the provisions of Section 2.62.7, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate plus one hundred twenty-five (125) basis points (1.25%)the Applicable Margin.

Interest and Payment Dates. (a) Subject to the provisions of Section 2.6, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 360 days, as the case may be) at a rate per annum equal to the Base Rate plus one hundred twenty-five (125) basis points (1.25%)the Applicable Margin for Base Rate Loans.