Common use of Interest on Revolving Loan Clause in Contracts

Interest on Revolving Loan. The Revolving Loan shall accrue and bear interest at a rate per annum which shall at all times equal the Applicable Rate. Prior to any stated or accelerated maturity of the Revolving Loan, the Company will, on each Payment Date, pay the accrued and unpaid interest on the portion of the Revolving Loan which was not subject to a LIBOR Pricing Option. On the last day of each LIBOR Interest Period or on any earlier termination of any LIBOR Pricing Option, the Company will pay the accrued and unpaid interest on the portion of the Revolving Loan which was subject to the LIBOR Pricing Option which expired or terminated on such date. In the case of any LIBOR Interest Period longer than three months, the Company will also pay the accrued and unpaid interest on the portion of the Revolving Loan subject to the LIBOR Pricing Option having such LIBOR Interest Period at three-month intervals, the first such payment to be made on the last Banking Day of the three-month period which begins on the first day of such LIBOR Interest Period. On the stated or any accelerated maturity of the Revolving Loan, the Company will pay all accrued and unpaid interest on the Revolving Loan, including any accrued and unpaid interest on any portion of the Revolving Loan which is subject to a LIBOR Pricing Option. All payments of interest on the Revolving Loan shall be made to the Agent for the account of each Lender in accordance with such Lender's Percentage Interest therein. On the Initial Closing Date the Company agrees to pay the Lenders interest for any funds advanced to the Agent prior to the Initial Closing Date at the request of the Company to facilitate the initial closing hereunder at a rate equal to the Applicable Rate computed on the basis of the Base Rate.

Interest on Revolving Loan. The Revolving Loan shall accrue and bear interest at a rate per annum which shall at all times equal the Applicable Rate. Prior to any stated or accelerated maturity of the Revolving Loan, the Company will, on each Payment Date, pay the accrued and unpaid interest on the portion of the Revolving Loan which was not subject to a LIBOR Eurodollar Pricing Option. On the last day of each LIBOR Eurodollar Interest Period or on any earlier termination of any LIBOR Eurodollar Pricing Option, the Company will pay the accrued and unpaid interest on the portion of the Revolving Loan which was subject to the LIBOR Eurodollar Pricing Option which expired or terminated on such date. In the case of any LIBOR Eurodollar Interest Period longer than three months, the Company will also pay the accrued and unpaid interest on the portion of the Revolving Loan subject to the LIBOR Eurodollar Pricing Option having such LIBOR Eurodollar Interest Period at three-month intervals, the first such payment to be made on the last Banking Day of the three-month period which begins on the first day of such LIBOR Eurodollar Interest Period. On the stated or any accelerated maturity of the Revolving Loan, the Company will pay all accrued and unpaid interest on the Revolving Loan, including any accrued and unpaid interest on any portion of the Revolving Loan which is subject to a LIBOR Eurodollar Pricing Option. Upon the occurrence and during the continuance of an Event of Default, the Lenders may require accrued interest to be payable on demand or at regular intervals more frequent than each Payment Date. All payments of interest on with respect to the Revolving Loan shall be made to the New York Managing Agent for the account of each Lender in accordance with such Lender's Percentage Interest therein. On the Initial Closing Date the Company agrees to pay the Lenders interest for any funds advanced to the Agent prior to the Initial Closing Date at the request of the Company to facilitate the initial closing hereunder at a rate equal to the Applicable Rate computed on the basis of the Base RateInterest.

Interest on Revolving Loan. The Revolving Loan shall accrue and bear interest at a rate per annum which shall at all times equal the Applicable Rate. Prior to any stated or accelerated maturity of the Revolving Loan, the Company will, on each Payment Date, pay the accrued and unpaid interest on the portion of the Revolving Loan which was not subject to a LIBOR Eurocurrency Pricing Option. On the last day of each LIBOR Eurocurrency Interest Period or on any earlier termination of any LIBOR Eurocurrency Pricing Option, the Company will pay the accrued and unpaid interest on the portion of the Revolving Loan which was subject to the LIBOR Eurocurrency Pricing Option which expired or terminated on such date. In the case of any LIBOR Eurocurrency Interest Period longer than three months, the Company will also pay the accrued and unpaid interest on the portion of the Revolving Loan subject to the LIBOR Eurocurrency Pricing Option having such LIBOR Eurocurrency Interest Period at three-month intervals, the first such payment to be made on the last Banking Day of the three-month period which begins on the first day of such LIBOR Eurocurrency Interest Period. On the stated or any accelerated maturity of the Revolving Loan, the Company will pay all accrued and unpaid interest on the Revolving Loan, including any accrued and unpaid interest on any portion of the Revolving Loan which is subject to a LIBOR Eurocurrency Pricing Option. All payments of interest on the Revolving Loan hereunder shall be made to the Agent for the account of each Lender in accordance with such Lender's Percentage Interest therein. On the Initial Closing Date the Company agrees to pay the Lenders interest for any funds advanced to the Agent prior to the Initial Closing Date at the request of the Company to facilitate the initial closing hereunder at a rate equal to the Applicable Rate computed on the basis of the Base Rate.