Common use of Interest on Bid Loans Clause in Contracts

Interest on Bid Loans. The Borrowers shall pay interest on the unpaid principal amount of each Bid Loan so accepted from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers Each Borrower, jointly and severally, shall pay interest on the unpaid principal amount of each Bid Loan so accepted from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers Each Borrower shall pay interest on the unpaid principal amount of each Bid Loan so accepted borrowed by such Borrower from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period maturity date applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period term of a Bid Loan is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers Borrower shall pay interest on the unpaid principal amount of each Bid Loan so accepted from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers Borrower shall pay interest on the unpaid principal amount of each Bid Loan so accepted borrowed by the Borrower from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers Each Borrower shall pay interest on the unpaid principal amount of each Bid Loan so accepted borrowed by such Borrower from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.

Interest on Bid Loans. The Borrowers shall pay interest on the unpaid principal amount of each Bid Loan so accepted from the applicable Borrowing Date to the maturity thereof at the rate of interest applicable to such Bid Loan as determined pursuant to the above provisions (calculated on the basis of a 360 day year and for the actual number of days elapsed) payable on the last day of the Interest Period applicable to such Bid Loan and at maturity (whether by acceleration or otherwise), and, if the applicable Interest Period is longer than 90 days, on each day occurring every 90 days after the date such Loan is made.