Common use of Interest and Principal Payments; Prepayments; Voluntary Commitment Reductions Clause in Contracts

Interest and Principal Payments; Prepayments; Voluntary Commitment Reductions. (a) Accrued interest on each Revolver Loan that is a LIBOR Loan is due and payable on the last day of its Interest Period. If any Interest Period with respect to a Revolver Loan that is a LIBOR Loan is a period greater than three months, then accrued interest is also due and payable on the date three months after the commencement of the Interest Period. Accrued interest on each Base Rate Loan and each Swing Line Loan is due and payable on each Quarterly Date and on the Termination Date.

Interest and Principal Payments; Prepayments; Voluntary Commitment Reductions. (a) Accrued interest on each Revolver Loan or Term Loan that is a LIBOR Loan is due and payable on the last day of its Interest PeriodPeriod and on the Termination Date. If any Interest Period with respect to a Revolver Loan or Term Loan that is a LIBOR Loan is a period greater than three months, then accrued interest is also due and payable on the date three months after the commencement of the Interest Period. Accrued interest on each Base Rate Loan and each Swing Line Loan is due and payable on each Quarterly Date and on the Termination Date.