Common use of Interest on the Revolving Loan Clause in Contracts

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Note Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread; PROVIDED THAT, at the option of the Company, exercised from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date on any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to a LIBOR-based Rate for a period of one month, two months, three months or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loan Maturity Date. After the Revolving Loan Maturity Date, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent (2%). Accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until the Revolving Loan Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loan Maturity Date, interest shall be payable as accrued and without demand.

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Note Loan Maturity Date at a rate per annum equal to the Prime Rate Rate, plus the Applicable Spread; PROVIDED THAT, except that at the option of the Company, exercised from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date maturity on any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to the LIBOR Rate (for an Interest Period selected by the Company as provided in this Agreement), plus the Applicable Spread, provided that an election of a LIBOR-based Rate for a period of one month, two months, three months or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any LIBOR-based Rate for a period an Interest Period extending beyond the Scheduled Revolving Loan Maturity DateDate shall be permitted only at the discretion of the Bank. After From and after the Revolving Loan Maturity Date, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate Rate, plus the Applicable Spread, plus Two Percent (2%)) per annum, except that as to any portion of the Revolving Loan for which the Company may have elected a LIBOR-based Rate for an Interest Period that has not expired at the Revolving Loan Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate, plus the Applicable Spread, plus Two Percent (2%) per annum or the LIBOR-based Rate then in effect, plus the Applicable Spread, plus Two Percent (2%) per annum. Accrued Each change in the rate of interest to be charged with reference to a Prime-based Rate shall become effective on the date of each change in the Prime Rate. Each change in the rate of interest to be charged with reference to a LIBOR-based Rate shall become effective without notice on the commencement of each Interest Period based on the LIBOR Rate for that Interest Period then in effect. With respect to that portion of the Revolving Loan, if any, which bears interest at the Prime-based Rate, accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until the Revolving Loan Maturity Date. With respect to those portions of the Revolving Loan that bear interest at a LIBOR-based Rate, at which time accrued interest shall be due and payable on the last day of each Interest Period (except that if the Interest Period is six months, the accrued interest shall be due on the 90th day of such Interest Period and then on the last day of such Interest Period) until the Maturity Date. On the Revolving Loan Maturity Date, the entire unpaid principal balance of the Revolving Loan and Revolving Note and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loan Maturity Date, interest which accrues on the Revolving Loan shall be payable as accrued and without demand.

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until maturity of the Revolving Note Maturity Date at a rate per annum equal to the Prime Rate Rate, plus the Applicable Spread; PROVIDED THATSpread I, except that at the option of the Company, exercised from time to time as provided in subsection 2.05(aSection 3.d(iii) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date maturity on any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to a LIBOR-based Rate for a period of one month, two months, three months or six monthsmonths plus, plus the Applicable Spread. Notwithstanding the foregoingSpread I, the Company will not be permitted to elect any provided that an election of a LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loan Maturity DateDate shall be permitted only at the discretion of the Bank. After maturity, whether on the Revolving Loan Maturity DateDate or on account of acceleration upon the occurrence of an Event of Default, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate Rate, plus Two Percent Applicable Spread I, plus two percent (2%)) per annum, except that as to any portion of the Revolving Loan for which the Company may have elected a LIBOR-based Rate for a period of time that has not expired at maturity, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate, plus Applicable Spread I, plus two percent (2%) per annum or the LIBOR-based Rate then in effect, plus Applicable Spread I, plus two percent (2%) per annum. Accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until the Revolving Loan Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and all unpaid, accrued interest thereon, shall be due and payable in full without demandprior to maturity. After the Revolving Loan Maturity Datematurity, interest shall be payable as accrued and without demand."

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until maturity of the Revolving Note Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread; PROVIDED THAT, Spread except that at the option of the Company, exercised from time to time as provided in subsection 2.05(a) of this AgreementSection 2.d.(i), interest may accrue prior to the Revolving Loan Maturity Date on any Advance or maturity on the entire outstanding balance of the Revolving Loan or on any portion thereof which is in excess of $1,000,000.00 and as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to a LIBOR-based Rate for a period of one month30, two months, three months 90 or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any 180 days; provided that an election of a LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loan Maturity DateDate shall be permitted only at the discretion of the Bank. Those elections of a "LIBOR-based Rate" which have been made under the "Revolving Loan" (as that term was defined in the Prior Agreement) and which remain in effect on the date of this Agreement, shall continue, under this Agreement, to be in effect through the end of the interest period for which elected. After maturity, whether on the Revolving Loan Maturity DateDate or on account of acceleration of maturity upon the occurrence of an Event of Default, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent two percent (2%)) plus the Applicable Spread, except as to any portion of the Loan for which the Company may have elected an LIBOR-based Rate for a period of time that has not expired at maturity, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate plus the Applicable Spread plus two percent (2%) per annum or the LIBOR-based Rate then in effect plus two percent (2%) per annum. Accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until the Revolving Loan Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and all unpaid, accrued interest thereon, shall be due and payable in full without demandprior to maturity. After the Revolving Loan Maturity Datematurity, interest shall be payable as accrued and without demand.

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Note Loan Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread; PROVIDED THATRate, except that at the option of the Company, exercised from time to time as provided in subsection 2.05(aSection 2.05(c) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date maturity on any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to a LIBOR-based Rate for a period of one month, two months, three months or six monthsmonths plus, plus the Applicable Spread. Notwithstanding the foregoingSpread I, the Company will not be permitted to elect any provided that an election of a LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loan Maturity DateDate shall be permitted only at the discretion of the Bank. After From and after the Revolving Loan Maturity Date, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent two percent (2%)) per annum, except that as to any portion of the Revolving Loan for which the Company may have elected a LIBOR-based Rate for a period of time that has not expired at the Revolving Loan Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate plus two percent (2%) per annum or the LIBOR-based Rate then in effect, plus Applicable Spread I, plus two percent (2%) per annum. Accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until prior to the Revolving Loan Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loan Maturity Date, interest which accrues on the Revolving Loan shall be payable as accrued and without demand.

Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Note Loan Maturity Date at a rate per annum equal to the Prime Rate Rate, plus the Applicable Spread; PROVIDED THATSpread I, except that at the option of the E-7 Company, exercised from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date maturity on any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to LIBOR-based Rate (for an Interest Period selected by the Company as provided in this Agreement), plus Applicable Spread I, provided that an election of a LIBOR-based Rate for a period of one month, two months, three months or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any LIBOR-based Rate for a period an Interest Period extending beyond the Scheduled Revolving Loan Maturity DateDate shall be permitted only at the discretion of the Bank. After From and after the Revolving Loan Maturity Date, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate Rate, plus Two Percent Applicable Spread I, plus two percent (2%)) per annum, except that as to any portion of the Revolving Loan for which the Company may have elected a LIBOR-based Rate for an Interest Period that has not expired at the Revolving Loan Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate, plus Applicable Spread I, plus two percent (2%) per annum or the LIBOR-based Rate then in effect, plus Applicable Spread I, plus two percent (2%) per annum. Accrued Each change in the rate of interest to be charged with reference to a Prime-based Rate shall become effective on the date of each change in the Prime Rate. Each change in the rate of interest to be charged with reference to a LIBOR-based Rate shall become effective without notice on the commencement of each Interest Period based on the London Interbank Offered Rate for that Interest Period then in effect. With respect to that portion of the Revolving Loan, if any, which bears interest at the Prime-based Rate, accrued interest shall be due and payable monthly on the last Banking Day of Octobereach month until the REVOLVING LOAN Maturity Date. With respect to these portions of the Revolving Loan that bear interest LIBOR-based Rates, 1997, accrued interest shall be due and payable on the last Banking Day day of each successive calendar month thereafter Interest Period (except that if the Interest Period is six months, the accrued interest shall be due on the 90th day of such Interest Period and then on the last day of such Interest Period) until the Revolving Loan Maturity Date. On the REVOLVING LOAN Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and Revolving Note and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loan Maturity Date, interest which accrues on the Revolving Loan shall be payable as accrued and without demand."