Common use of Interest on Eurodollar Rate Loans Clause in Contracts

Interest on Eurodollar Rate Loans. Subject to the provisions of subsection (c) immediately below, interest on each Eurodollar Rate Loan shall be payable (i) on the last day of each Interest Period with respect thereto, provided, however, that if such Interest Period is for a period of duration in excess of three (3) months, then such interest shall also be payable on the date three (3) months after the first day of such Interest Period, (ii) on the date of conversion of such Eurodollar Rate Loan to a Base Rate Loan and (iii) at maturity of such Term Loan (and after maturity of such Term Loan (whether by acceleration or otherwise) upon demand), at an interest rate per annum during the Interest Period for such Term Loan equal to the Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan. Each determination by the Administrative Agent of an Interest Rate hereunder shall be conclusive and binding on the Banks and the Company for all purposes, absent manifest error.

Interest on Eurodollar Rate Loans. Subject to the provisions of subsection (cd) immediately below, interest on each Eurodollar Rate Loan shall be payable (i) on the last day of each Interest Period with respect thereto, ; provided, however, that if such Interest Period is for a period of duration in excess of three (3) months, then such interest shall also be payable on the date three (3) months after the first day of such Interest Period, (ii) on the date of conversion of such Eurodollar Rate Loan to a Base Rate Loan and (iii) at maturity of such Term Loan (and after maturity of such Term Loan (whether by acceleration or otherwise) upon demand), at an interest rate per annum during the Interest Period for such Term Loan equal to the Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan. Each determination by the Administrative Agent Bank of an Interest Rate interest rate hereunder shall be conclusive and binding on the Banks and the Company for all purposes, absent manifest error.