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 in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which such Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that 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 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 during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances hereunder shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 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 (New York time) at the place of payment. If any payment of principal of or interest on an Advance or 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 principal payment, such extension of time shall be included in computing interest and commissions in connection with such payment.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which such the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that 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 Advance shall be payable on the last day of each its 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 during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances hereunder shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365- or 366-day year, as appropriate. Interest on Eurodollar Advances shall be calculated for actual days elapsed on the basis of a 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 (New York local time) at the place of payment. If any payment of principal of or interest on an Advance or 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, such extension of time shall be included in computing interest and commissions in connection with such payment.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, Date (commencing with the first such date to occur after the Closing December 31, 2008 Payment Date, ) and on any date on which such the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that 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 Advance shall be payable on the last day of each its 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 during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances hereunder and all other fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-365, 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 (New York, New York time) at the place of payment. If any payment of principal of or interest on an Advance Advance, any fees or 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, such extension of time shall be included in computing interest and commissions fees in connection with such payment.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which such the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that 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 Advance shall be payable on the last day of each its 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 during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances hereunder and all other fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-365, 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 (New York, New York time) at the place of payment. If any payment of principal of or interest on an Advance Advance, any fees or 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, such extension of time shall be included in computing interest and commissions fees in connection with such payment.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Base Rate Advance Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Agreement Date, on any date on which such Floating the Base Rate Advance Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance Loan converted into a Eurodollar Advance LIBOR Rate Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance LIBOR Rate Loan shall be payable on the last day of each its applicable Interest Period, on any date on which the Eurodollar Advance Loan is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance LIBOR Rate Loan having an Interest Period longer than three months shall also be payable on the last day of each three-three month interval during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances hereunder shall be calculated for actual days elapsed on the basis of a 360-360 day year. Interest , except that interest calculated based on Floating the Alternate Base Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate 366, day year. Interest shall be payable for the day an Advance a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (New York local time) at the place of payment. If Whenever any payment of principal of or interest on an Advance or any other amounts payable to the Administrative Agent or any Lender hereunder shall become under the Loan Documents would otherwise be due on a day which that is not a Business Day, such payment shall instead be made due on the next succeeding Business Day; provided, however, that if such next succeeding Business Day and, falls in the case of principal paymenta new calendar month, such extension payment shall instead be due on the immediately preceding Business Day. If the date any payment under the Loan Documents is due is extended (whether by operation of any Loan Document, Applicable Law or otherwise), such payment shall bear interest for such extended time at the rate of interest applicable hereunder. Interest at the Overdue Rate shall be included in computing interest and commissions in connection with such paymentpayable on demand.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing with on the first such date to occur after the Closing Datedate 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 Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Fixed Rate Advance is prepaid, whether due to acceleration or otherwise, at maturity and at maturity. Interest accrued thereafter on that 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 conversiondemand. Interest accrued on each Eurodollar 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 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 Eurocurrency Committed Advances or Eurocurrency Bid Rate Advances) during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and all Fixed Rate Advances (other than Fixed Rate Advances denominated in Sterling), all Floating Rate Advances which bear interest based on the date of payment in full. Interest on Eurodollar Advances 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 Floating all Fixed Rate Advances denominated in Sterling shall be calculated for the actual number of days elapsed on the basis of a 365/366-365/366 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 (New York local time) at the place of payment. If any payment of principal of of, or interest on on, an Advance or any other amounts payable to the Agent or any Lender 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 and commissions in connection with such payment. Each Borrower promises to pay interest on its respective Advances as provided in this Section 2.07(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing with on the first such date to occur after the Closing Datedate 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 Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Fixed Rate Advance is prepaid, whether due to acceleration or otherwise, at maturity and at maturity. Interest accrued thereafter on that 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 conversiondemand. Interest accrued on each Eurodollar 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 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 Eurocurrency Committed Advances or Eurocurrency Bid Rate Advances) during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and all Fixed Rate Advances, all Floating Rate Advances which bear interest based on the date of payment in full. Interest on Eurodollar Advances 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 365/366-365, 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 (New York local time) at the place of payment. If any payment of principal of of, or interest on on, an Advance or any other amounts payable to the Agent or any Lender 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 and commissions in connection with such payment. Each Borrower promises to pay interest on its respective Advances as provided in this Section 2.07(e).

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Base Rate Advance shall be payable in arrears on the last day of each Payment Datecalendar quarter, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which such Floating the Base Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance converted into a Eurodollar Advance on a day other than the last day of a Payment Date calendar quarter shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of each its 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 during such Interest Period. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances all fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year, except for interest on Base Rate Advances which shall be calculated on the basis of actual number of days elapsed in a 365/366 day year. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366360-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 (New York local time) at the place of payment. If any payment of principal of or interest on an Advance or 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, such extension of time shall be included in computing interest and commissions in connection with such payment.

Interest Payment Dates; Interest Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on each Payment Date, commencing with on the first such date to occur after the Closing Datedate 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 at maturity. Interest accrued thereafter on that 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 conversiondemand. Interest accrued on each Eurodollar 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 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 accrued on any Advance that is not paid when due shall be payable on demand and all Eurodollar Rate Advances, all Floating Rate Advances which bear interest based on the date of payment in full. Interest on Eurodollar Advances 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 365/366-365, 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 (New York local time) at the place of payment. If any payment of principal of of, or interest on on, an Advance or any other amounts payable to the Agent or any Lender 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 and commissions in connection with such payment. Whirlpool promises to pay interest on its respective Advances as provided in this Section 2.08(e).