Interest on the Revolving Loans. Except as otherwise provided in §6.10:
Interest on the Revolving Loans. SECTION 4.01(a).
Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360). Overdue principal of and, to the extent permitted by law, overdue interest on the Base Rate Loans shall bear interest for each day until paid at a rate per annum equal to the Default Rate.
Interest on the Revolving Loans. Each Revolving Loan shall be a Prime Loan or a LIBOR Loan, as selected by Borrower in accordance with the terms of this Agreement.
Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360).
Interest on the Revolving Loans. (a) Interest on the outstanding principal amount of each (i) CAD LIBOR Loan shall be payable on each Interest Payment Date, unless the Interest Period exceeds three months in which case it shall be paid quarterly, at a rate per annum equal to the Interest Rate for the related Interest Period from the date when made and continued until paid in full and (ii) Base Rate Loan shall be payable on the last Business Day of each calendar quarter at a rate per annum equal to the daily average Interest Rate for the period from the date when made and continued until paid in full.
Interest on the Revolving Loans. The principal amount of the Revolving Loans outstanding from time to time shall bear interest until the Revolving Loans 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 Loans Maturity Date on any part or on the entire outstanding principal balance of the Revolving Loans 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 Loans Maturity Date. After the Revolving Loans Maturity Date, and until paid in full, the principal amount of the Revolving Loans outstanding from time to time shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent (2%) per annum. Accrued interest shall be due and payable quarterly on the last Banking Day of March, 1998, and on the last Banking Day of each successive June, September, December and March thereafter until the Revolving Loans Maturity Date, at which time the entire unpaid principal balances of the Revolving Loans and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loans Maturity Date, interest shall be payable as accrued and without demand.
Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is 360. Overdue principal of and, to the extent permitted by law, overdue interest on the Base Rate Loans shall bear interest for each day until paid at a rate per annum equal to the Default Rate.
Interest on the Revolving Loans. 17 Section 3.1 Interest..............................................................................17 Section 3.2 Computation...........................................................................18 Section 3.3 Maximum Interest Rate.................................................................18 Section 3.4 Default Rate; Post-Petition Interest..................................................18 Section 3.5 Payment...............................................................................18 Section 3.6 Taxes.................................................................................18
