Common use of Interest on Funded Participant's Interest Clause in Contracts

Interest on Funded Participant's Interest. (a) Subject to the provisions of Section 2.6, each Participant’s Funded Participant’s Interest shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted LIBO Rate for the Payment Period in which such Funded Participant’s Interest is outstanding (with the Payment Period being automatically reset on the last Business Day of each month for the next Payment Period regardless of the date of any Participant Funding hereunder) plus an additional one hundred seventy-five basis points (1.75%) per annum.

Interest on Funded Participant's Interest. (a) Subject to the provisions of Section 2.6, each Participant’s 's Funded Participant’s 's Interest shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted LIBO Rate for the Payment Period in which such Funded Participant’s 's Interest is outstanding (with the Payment Period being automatically reset on the last Business Day of each month Payment Date for the next Payment Period regardless of the date of any Participant Funding hereunder) plus an additional one hundred seventy-five basis points (1.75%) per annum.

Interest on Funded Participant's Interest. (a) Subject to the provisions of Section 2.6, each Participant’s 's Funded Participant’s 's Interest shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted LIBO Rate for the Payment Period in which such Funded Participant’s 's Interest is outstanding (with the Payment Period being automatically reset on the last Business Day of each month Payment Date for the next Payment Period regardless of the date of any Participant Funding hereunder) plus an additional one hundred seventy-five ninety basis points (1.750.90%) per annum.