Common use of Interest Billing and Payment Requirements Clause in Contracts

Interest Billing and Payment Requirements. (1) Interest accruing on Loans (or portions thereof) which are Prime Rate Loans shall be payable quarterly, in arrears, on the last Business Day of each March, June, September and December in the amount set forth in an interest billing for such Prime Rate Loans delivered by the Agent to the Company (which delivery may be telephonic and later confirmed in writing). (2) Interest accruing on LIBO Rate Loans shall be payable, in arrears, on the last day of the applicable Interest Period therefor, or in the case of LIBO Rate Loans with Interest Periods ending later than three months from the date funded, at the end of each three month period from the date funded and at the end of the applicable Interest Period therefor.

Interest Billing and Payment Requirements. (1) Interest accruing on Loans (or portions thereof) which are Prime Reference Rate Loans shall be payable quarterlymonthly, in arrears, for each month on the last Business Day of each March, June, September and December such month in the amount set forth in an interest billing for such Prime Reference Rate Loans delivered by the Agent to the Company (which delivery may be telephonic and later confirmed in writing). (2) Interest accruing on LIBO Rate Loans shall be payable, in arrears, on the last day of the applicable Interest Period therefor, or in the case of LIBO Rate Loans with Interest Periods ending later than three months from the date funded, at the end of each three month period from the date funded and at the end of the applicable Interest Period therefor.

Interest Billing and Payment Requirements. (1) Interest accruing on Loans (or portions thereof) which are Prime Rate Loans shall be payable quarterlymonthly, in arrears, for each month on the last Business Day of each March, June, September and December such month in the amount set forth in an interest billing for such Prime Rate Loans delivered by the Agent to the Company (which delivery may be telephonic and later confirmed in writing). (2) Interest accruing on LIBO Rate Loans shall be payable, in arrears, on the last day of the applicable Interest Period therefor, or in the case of LIBO Rate Loans with Interest Periods ending later than three months from the date funded, at the end of each three month period from the date funded and at the end of the applicable Interest Period therefor.

Interest Billing and Payment Requirements. (1) Interest accruing on Loans (or portions thereof) which are Prime Rate Loans shall be payable quarterly, in arrears, arrears on the last Business Day of each March, June, September and December in the amount set forth in an interest billing for such Prime Rate Loans delivered by the Agent to the Company (which delivery may be telephonic and later confirmed in writing). (2) Interest accruing on LIBO Rate Loans shall be payable, in arrears, on the last day of the applicable Interest Period therefor, or in the case of LIBO Rate Loans with Interest Periods ending later than three months from the date funded, at the end of each three month period from the date funded and at the end of the applicable Interest Period therefor.