Common use of Interest on Loans and Payment Dates Clause in Contracts

Interest on Loans and Payment Dates. (a) Subject to the ----------------------------------- provisions of Section 2.11, the Loans shall bear interest as follows: ------------ (i) The Loans comprising each LIBOR Rate Borrowing 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 lesser of (i) the Highest Lawful Rate and (ii) the LIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable LIBOR Margin with respect to such LIBOR Rate Loans. (ii) The Loans comprising each Alternate Base Rate Borrowing shall bear interest at a rate per annum equal to the lesser of (i) the Highest Lawful Rate and (ii) the Alternate Base Rate (if the Alternate Base Rate is based on the Prime Rate, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; if the Alternate Base Rate is based on the Federal Funds Effective Rate, computed on the basis of the actual number of days elapsed over a year of 360 days). (iii) If such Loan is a Competitive Loan, such Competitive Loan 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 lesser of (i) the Highest Lawful Rate and (ii) the applicable fixed rate offered by the applicable Bank and accepted by Borrower in accordance with Section 2.06 hereof. (b) Interest on each Loan shall be payable by Borrower (i) in respect of each Loan comprising part of an Alternate Base Rate Borrowing, quarterly in arrears on the last Business Day of each calendar quarter, (ii) in respect of each Loan comprising part of a LIBOR Rate Borrowing, on the last day of the Interest Period applicable to such LIBOR Rate Borrowing, and, in the case of a Interest Period for LIBOR Rate Borrowings of six (6) months, on the date occurring three (3) months from the first day of such Interest Period and on the last day of such Interest Period, (iii) in respect of each Loan accruing interest at the Default Rate, on demand and (iv) in respect of all Loans, on any prepayment or conversion (on the amount prepaid or converted), at maturity (whether by acceleration or otherwise) and, after maturity, on demand. (c) Interest in respect of the unpaid principal amount of each Loan shall accrue from (and including) the date of the making of such Loan to (but not including) the date on which such Loan shall be paid in full. (d) The Agent shall, upon determining a LIBOR Rate for any Interest Period, promptly notify Borrower and the Banks thereof.

Interest on Loans and Payment Dates. (a) Subject to the ----------------------------------- provisions of Section 2.112.10, the Loans shall bear interest as follows: ------------ (i) The Loans comprising each LIBOR Rate Borrowing 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 lesser of (i) the Highest Lawful Rate and (ii) the LIBOR Rate for the LIBOR Interest Period in effect for such Borrowing plus the Applicable LIBOR Margin ---- with respect to such LIBOR Rate Loans. (ii) The Loans comprising each Alternate Base Rate Borrowing shall bear interest at a rate per annum equal to the lesser of (i) the Highest Lawful Rate and (ii) the Alternate Base Rate (if the Alternate Base Rate is based on the Prime Rate, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; if the Alternate Base Rate is based on the Federal Funds Effective Rate, computed on the basis of the actual number of days elapsed over a year of 360 days). (iii) If such Loan is a Competitive Loan, such Competitive Loan 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 lesser of (i) the Highest Lawful Rate and (ii) the applicable fixed rate offered by the applicable Bank and accepted by Borrower in accordance with Section 2.06 hereof. (b) Interest on each Loan shall be payable by Borrower (i) in respect of each Loan comprising part of an Alternate Base Rate Borrowing, quarterly in arrears on the last Business Day of each calendar quarter, (ii) in respect of each Loan comprising part of a LIBOR Rate Borrowing, on the last day of the LIBOR Interest Period applicable to such LIBOR Rate Borrowing, and, in the case of a LIBOR Interest Period for LIBOR Rate Borrowings of six (6) months, on the date occurring three (3) months from the first day of such LIBOR Interest Period and on the last day of such LIBOR Interest Period, (iii) in respect of each Loan accruing interest at the Default Rate, on demand and (iv) in respect of all Loans, on any prepayment or conversion (on the amount prepaid or converted), at maturity (whether by acceleration or otherwise) and, after maturity, on demand. (c) Interest in respect of the unpaid principal amount of each Loan shall accrue from (and including) the date of the making of such Loan to (but not including) the date on which such Loan shall be paid in full. (d) The Agent shall, upon determining a LIBOR Rate for any LIBOR Interest Period, promptly notify Borrower and the Banks thereof.

Interest on Loans and Payment Dates. (a) Subject to the ----------------------------------- provisions of ----------------------------------- Section 2.112.9, the Loans shall bear interest as follows: ------------ (i) The Loans comprising each LIBOR Base Rate Borrowing Loan 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 lesser of (i) the Highest Lawful Rate and (ii) the LIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable LIBOR Margin with respect to such LIBOR Rate Loans. (ii) The Loans comprising each Alternate Base Rate Borrowing shall bear interest at a rate per annum equal to the lesser of (i) the Highest Lawful Rate and (ii) the Alternate Base Rate (if the Alternate Base Rate is based on the Prime Rate, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; if ) at a rate per annum equal to the Alternate Base Rate is based on plus the Federal Funds Effective Rate, computed on the basis of the actual number of days elapsed over a year of 360 days)Applicable Margin. (iiib) If such Loan is a Competitive LoanSubject to the provisions of Section 2.9, such Competitive each Eurodollar Loan 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 lesser of (i) in the Highest Lawful case of each Eurodollar Committed Loan, the Eurodollar Rate for the Interest Period in effect for such Loan plus the Applicable Margin, and (ii) in the applicable fixed rate case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Loan plus the Margin offered by the applicable Bank making such Loan and accepted by Borrower in accordance with the Company pursuant to Section 2.06 hereof2.3. (bc) Subject to the provisions of Section 2.9, each Fixed Rate Loan shall bear interest at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to the fixed rate of interest offered by the Bank making such Loan and accepted by the Company pursuant to Section 2.3. (d) The Eurodollar Rate or the Base Rate for each Interest Period or day within an Interest Period shall be determined by the Agent, and such determination shall be conclusive in the absence of clearly demonstrable error. (e) Interest on each Loan shall be payable by Borrower in arrears on each Interest Payment Date applicable to such Loan; provided that, interest accruing on -------- ---- overdue amounts pursuant to Section 2.9 shall be payable on demand as provided in such Section. (f) As soon as practicable the Agent shall notify the Company and the Banks of (i) in respect each determination of each Loan comprising part of an Alternate Base a Eurodollar Rate Borrowing, quarterly in arrears on the last Business Day of each calendar quarter, and (ii) in respect of each Loan comprising part of a LIBOR Rate Borrowing, on the last day of effective date and the Interest Period applicable to such LIBOR Rate Borrowing, and, in the case of a Interest Period for LIBOR Rate Borrowings of six (6) months, on the date occurring three (3) months from the first day of such Interest Period and on the last day of such Interest Period, (iii) in respect of each Loan accruing interest at the Default Rate, on demand and (iv) in respect of all Loans, on any prepayment or conversion (on the amount prepaid or converted), at maturity (whether by acceleration or otherwise) and, after maturity, on demand. (c) Interest in respect of the unpaid principal amount of each change in the interest rate on a Eurodollar Loan shall accrue from or Base Rate Loan. Each determination of an interest rate by the Agent, pursuant to any provision of this Agreement (including Sections 2.8 and including2.9) the date of the making of such Loan to (but not including) the date on which such Loan shall be paid in full. (d) The Agent shall, upon determining a LIBOR Rate for any Interest Period, promptly notify Borrower conclusive and binding on the Company and the Banks thereofin the absence of clearly demonstrable error. At the request of the Company, the Agent shall deliver to the Company a statement showing the quotations used by it in determining any interest rate pursuant to Subsections 2.8(a) through 2.8(d).

Interest on Loans and Payment Dates. (a) Subject to the ----------------------------------- provisions of Section 2.112.8, the Loans shall bear interest as follows: ------------: (i) The Loans comprising each LIBOR Rate Eurodollar Borrowing 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 lesser of (iaa) the Highest Lawful Rate Rate, and (iibb) the LIBOR Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable LIBOR Eurodollar Margin with respect to such LIBOR Rate Eurodollar Loans. (ii) The Loans comprising each Alternate any Base Rate Borrowing shall bear interest at a rate per annum equal to the lesser of (iaa) the Highest Lawful Rate Rate, and (iibb) the Alternate Base Rate (if the Alternate Base Rate is based on the Prime Rate, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; if the Alternate Base Rate is based on the Federal Funds Effective Rate, computed on the basis of the actual number of days elapsed over a year of 360 days). (iii) If such Loan is a Competitive Loan, such Competitive Loan 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 lesser of (i) the Highest Lawful Rate and (ii) the applicable fixed rate offered by the applicable Bank and accepted by Borrower in accordance with Section 2.06 hereof. (b) Interest on each Loan shall be payable by the Borrower (i) in respect of each Loan comprising part of an Alternate a Base Rate Borrowing, quarterly in arrears on the last Business Day of each calendar quarter, (ii) in respect of each Loan comprising part of a LIBOR Rate Borrowing, on the last day of the Interest Period applicable to such LIBOR Base Rate Borrowing, (ii) in respect of each Loan comprising part of a Eurodollar Borrowing, on the last day of the Interest Period applicable to such Eurodollar Borrowing, and, in the case of a an Interest Period for LIBOR Rate Eurodollar Borrowings of six (6) months, on the date occurring three (3) months from the first day of such Interest Period and on the last day of such Interest Period, (iii) in respect of each Loan accruing interest at the Default Rate, on demand and (iv) in respect of all Loans, on any prepayment payment or conversion (on the amount prepaid paid or converted), at maturity (whether by acceleration or otherwise) and, after maturity, on demand. (c) Interest in respect of the unpaid principal amount of each Loan shall accrue from (and including) the date of the making of such Loan to (but not including) the date on which such Loan shall be paid in full. (d) The Agent shall, upon determining a LIBOR Eurodollar Rate for any Interest PeriodPeriod with respect to a Eurodollar Borrowing, promptly notify the Borrower and the Banks thereof.

Interest on Loans and Payment Dates. (a) Subject to the ----------------------------------- provisions of Section 2.112.10 and Section 9.07, the Loans shall bear interest as follows: ------------: (i) The Loans comprising each LIBOR Eurodollar Rate Borrowing 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 lesser of (i) the Highest Lawful Rate and (ii) the LIBOR Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable LIBOR Margin Rate with respect to such LIBOR Eurodollar Rate Loans. (ii) The Loans comprising each Alternate Base Rate Borrowing shall bear interest at a rate per annum equal to the lesser of (i) the Highest Lawful Rate and (ii) the Alternate Base Rate plus the Applicable Rate with respect to such Base Rate Loans (if the Alternate Base Rate is based on the Prime Rate"prime rate" of Bank of America, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; if the Alternate Base Rate is based on the Federal Funds Effective Rate, computed on the basis of the actual number of days elapsed over a year of 360 days). (iii) If such Loan is a Competitive Loan, such Competitive Loan 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 lesser of (i) the Highest Lawful Rate and (ii) the applicable fixed rate offered by the applicable Bank and accepted by Borrower in accordance with Section 2.06 hereof. (b) Interest on each Loan or other amount owing hereunder shall be payable by Borrower (i) in respect of each Loan comprising part of an Alternate a Base Rate Borrowing, quarterly in arrears on the last Business Day of each calendar quarter, (ii) in respect of each Loan comprising part of a LIBOR Eurodollar Rate Borrowing, on the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Borrowing, and, in the case of a an Interest Period for LIBOR Eurodollar Rate Borrowings of six (6) months, on the date occurring three (3) months from the first day of such Interest Period and on the last day of such Interest Period, (iii) in respect of each Loan or other amount owing hereunder accruing interest at the Default Rate, on demand and (iv) in respect of all Loans, on the date of any prepayment or conversion (on the amount prepaid or converted), at maturity (whether by acceleration or otherwise) and, after maturity, on demand. (c) Interest in respect of the unpaid principal amount of each Loan shall accrue from (and including) the date of the making of such Loan to (but not including) the date on which such Loan shall be paid in full. (d) The Administrative Agent shall, upon determining a LIBOR Eurodollar Rate for any Interest Period, promptly notify Borrower and the Banks Lenders thereof.