Common use of Interest Payment Dates; Interest Basis Clause in Contracts

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing on the first such date to occur after the date hereof, on any date on which such Floating Rate Advance is prepaid or converted, whether due to acceleration or otherwise, at maturity and thereafter on demand. Subject to the next sentence, interest accrued on each Eurodollar Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Rate Advance is prepaid, whether due to acceleration or otherwise, at maturity and thereafter on demand. Interest accrued on each Eurodollar Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval (in the case of Eurodollar Rate Advances) during such Interest Period. Interest on all Eurodollar Rate Advances, all Floating Rate Advances which bear interest based on the Federal Funds Effective Rate and all fees due hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Floating Rate Advances which bear interest based on the Prime Rate shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon (local time) at the place of payment. If any payment of principal of, or interest on, an Advance or of fees due hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment such extension of time shall be included in computing interest in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing on with the first such date to occur after the date hereofClosing Date, on any date on which such Floating Rate Advance is prepaid or converted, whether due to acceleration or otherwise, at maturity and thereafter on demand. Subject to the next sentence, interest accrued on each Eurodollar Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity and thereafter maturity. Interest accrued on demandthat portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Rate Advance shall be payable on the last day of each applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval (in the case of Eurodollar Rate Advances) during such Interest Period. Interest accrued on all Eurodollar Rate Advances, all Floating Rate Advances which bear interest based any Advance that is not paid when due shall be payable on demand and on the Federal Funds Effective Rate and all fees due date of payment in full. Interest on Eurodollar Advances hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Floating Rate Advances which bear interest based on the Prime Rate shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local New York time) at the place of payment. If any payment of principal of, of or interest on, on an Advance or of fees due any other amounts payable to the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment payment, such extension of time shall be included in computing interest and commissions in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing on the first such date to occur after the date hereof, in arrears on any date on which such the Floating Rate Advance is prepaid or convertedprepaid, whether due to acceleration or otherwise, and at maturity and thereafter maturity. Interest accrued on demandthat portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance shall be payable on the date of conversion. Subject to the next sentence, interest Interest accrued on each Eurodollar Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such the Eurodollar Rate Advance is prepaid, whether due to by acceleration or otherwise, and at maturity and thereafter on demandmaturity. Interest accrued on each Eurodollar Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval (in the case of Eurodollar Rate Advances) during such Interest Period. Interest on all Eurodollar Rate Advances, all Floating Rate Advances which bear interest based on the Federal Funds Effective Rate and all other fees due hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Floating Rate Advances which bear interest based on the Prime Rate shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local New York, New York time) at the place of payment. If any payment of principal of, of or interest onon an Advance, an Advance any fees or of fees due any other amounts payable to the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment payment, such extension of time shall be included in computing interest and fees in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).

Interest Payment Dates; Interest Basis. Interest accrued on -------------------------------------- each Floating Alternate Base Rate Advance and each Swing Loan shall be payable on each Payment Date, commencing on the first such date Date and with respect to occur after the date hereofany Swing Loan, on any date on which such Floating Rate Advance Swing Loan is prepaid repaid or convertedprepaid, whether due to acceleration or otherwise, otherwise and at maturity and thereafter on demandmaturity. Subject to the next sentence, interest Interest accrued on each Eurodollar Rate Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Rate Eurocurrency Advance is prepaid, whether due to by acceleration or otherwise, and at maturity and thereafter on demandmaturity. Interest accrued on each Eurodollar Rate Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval (in the case of Eurodollar Rate Advances) during such Interest Period. Interest Except as may otherwise be prescribed in the applicable Alternate Currency Addendum, interest on all Eurodollar Alternate Base Rate AdvancesLoans, all Floating Rate Advances which bear interest based Alternate Currency Loans, the commitment fee payable under Section 2.4.1 and any other fees payable pursuant to this Agreement shall be ------------- calculated for actual days elapsed on the Federal Funds Effective Rate and all fees due hereunder basis of a 365/366-day year. All Eurocurrency Loans shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Floating Rate Advances which bear interest based on year (or a 365-day year if that is deemed by the Prime Rate shall Agent to be calculated consistent with market practices for the actual number of days elapsed on the basis of a 365, or when appropriate 366, day yearapplicable currency). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local time) at the place of payment. If any payment of principal of, of or interest on, on an Advance or of fees due hereunder a Swing Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment payment, such extension of time shall be included in computing interest in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Base Rate Advance shall be payable on the last day of each Payment Datecalendar quarter, commencing on with the first such date to occur after the date hereof, on any date on which such Floating the Base Rate Advance is prepaid or convertedprepaid, whether due to acceleration or otherwise, and at maturity and thereafter maturity. Interest accrued on demandthat portion of the outstanding principal amount of any Base Rate Advance converted into a Eurodollar Advance on a day other than the last day of a calendar quarter shall be payable on the date of conversion. Subject to the next sentence, interest Interest accrued on each Eurodollar Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such the Eurodollar Rate Advance is prepaid, whether due to by acceleration or otherwise, and at maturity and thereafter on demandmaturity. Interest accrued on each Eurodollar Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval (in the case of Eurodollar Rate Advances) during such Interest Period. Interest on all Eurodollar Rate Advances, all Floating Rate Advances which bear interest based on the Federal Funds Effective Rate and all fees due hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest , except for interest on all Floating Base Rate Advances which bear interest based shall be calculated on the Prime Rate basis of actual number of days elapsed in a 365/366 day year. Interest shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local time) at the place of payment. If any payment of principal of, of or interest on, on an Advance or of fees due hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment payment, such extension of time shall be included in computing interest in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing on the first such date to occur after the date hereof, on any date on which such Floating Rate Advance is prepaid or converted, whether due to acceleration or otherwise, at maturity and thereafter on demand. Subject to the next sentence, interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Fixed Rate Advance is prepaid, whether due to acceleration or otherwise, at maturity and thereafter on demand. Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each 90 day interval (in the case of Absolute Rate Advances) or three-month interval (in the case of Eurodollar Eurocurrency Committed Advances or Eurocurrency Bid Rate Advances) during such Interest Period. Interest on all Eurodollar Fixed Rate Advances, all Floating Rate Advances which bear interest based on the Federal Funds Effective Rate and all fees due hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Floating Rate Advances which bear interest based on the Prime Rate shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local time) at the place of payment. If any payment of principal of, or interest on, an Advance or of fees due hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment such extension of time shall be included in computing interest in connection with such payment. Whirlpool Each Borrower promises to pay interest on its respective Advances as provided in this Section 2.08(e2.07(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing on the first such date to occur after the date hereof, on any date on which such Floating Rate Advance is prepaid or converted, whether due to acceleration or otherwise, at maturity and thereafter on demand. Subject to the next sentence, interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Fixed Rate Advance is prepaid, whether due to acceleration or otherwise, at maturity and thereafter on demand. Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each 90 day interval (in the case of Absolute Rate Advances) or three-month interval (in the case of Eurodollar Eurocurrency Committed Advances or Eurocurrency Bid Rate Advances) during such Interest Period. Interest on all Eurodollar Fixed Rate AdvancesAdvances (other than Fixed Rate Advances denominated in Sterling), all Floating Rate Advances which bear interest based on the Federal Funds Effective Rate and all fees due hereunder shall be calculated for the actual number of days elapsed on the basis of a 360-day year. Interest on all Fixed Rate Advances denominated in Sterling shall be calculated for the actual number of days elapsed on the basis of a 365/366 day year. Interest on all Floating Rate Advances which bear interest based on the Prime Rate shall be calculated for the actual number of days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 Noon noon (local time) at the place of payment. If any payment of principal of, or interest on, an Advance or of fees due hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment such extension of time shall be included in computing interest in connection with such payment. Whirlpool Each Borrower promises to pay interest on its respective Advances as provided in this Section 2.08(e2.07(e).