Common use of Interest on Prime Rate Loans Clause in Contracts

Interest on Prime Rate Loans. Subject to the provisions of Section 4.03, interest on Prime Rate Loans shall be payable monthly in arrears on the second Business Day of each month at an interest rate per annum equal to the Prime Rate plus the Applicable Margin calculated for the relevant period for which payment is required to be made. In the event of any change in said Prime Rate, the rate under this Section 4.01 shall change, effective as of the day the Prime Rate changes. Each determination by the Agent of an interest rate under this Section 4.01 shall be conclusive and binding for all purposes, absent manifest error.

Interest on Prime Rate Loans. Subject to the provisions of Section 4.03, interest on Prime Rate Loans shall be payable monthly in arrears on the second first Business Day of each month at an interest rate per annum equal to the Prime Rate plus the Applicable Margin calculated for the relevant period for which payment is required to be made. In the event of any change in said Prime Rate, the rate under this Section 4.01 shall change, effective as of the day the Prime Rate changeschanges without notice to the Company. Each determination by the Agent of an interest rate under this Section 4.01 shall be conclusive and binding for all purposes, absent manifest error.

Interest on Prime Rate Loans. Subject to the provisions of ---------------------------- Section 4.03, interest on Prime Rate Loans shall be payable monthly in arrears on the second Business Day of each month at an interest rate per annum equal to the Prime Rate plus the Applicable Margin calculated for the relevant period for which payment is required to be madeMargin. In the event of any change in said Prime Rate, the rate under this Section 4.01 shall change, effective as of the day the Prime Rate changes. Each determination by the Agent of an interest rate under this Section 4.01 shall be conclusive and binding for all purposes, absent manifest error.