Common use of Interest Rates and Payments Clause in Contracts

Interest Rates and Payments. (a) Each Loan (other than a Loan to be made in an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a rate per annum equal to such of the following as the Borrowers, at their option, shall select in accordance with Section 3.5: (i) the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or said Applicable Margin shall change, or (ii) the LIBOR Rate plus the Applicable Margin, determined in the case of LIBOR Loans as of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or Applicable Margin shall change. Accrued interest on all Prime Loans shall be payable monthly in arrears on the first day of each calendar month during the Term, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereof, whether by reason of acceleration or otherwise.

Interest Rates and Payments. (a) Each Interest on the principal balance of each Revolving Credit Loan (other than a Loan to be made in shall accrue at an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a annual rate per annum equal to such the Applicable Margin plus the greater of the following as the Borrowers, at their option, shall select in accordance with Section 3.5: (i) the Prime Rate plus the Applicable Margin, which rate shall fluctuate as 0 % and when said Prime Rate or said Applicable Margin shall change, or (ii) the one - month LIBOR Rate plus rate quoted by Lender from Reuters Screen LIBOR 0 I Page or any successor thereto, which may be designated by Lender as provided below and which shall be that one month LIBOR rate in effect two ( 2 ) New York Banking Days prior to the Applicable MarginReprice Date, determined adjusted for any reserve requirement and any subsequent costs arising from a change in government regulation, such rate rounded up to the nearest one - sixteenth percent and such rate to be reset monthly on each Reprice Date . Lender's internal records of applicable interest rates (including without limitation, but only after thirty ( 30 ) days' prior notice of same is provided by Lender to Borrower, Lender's designation of any successor interest rate index if the rate index described above shall become temporarily unavailable or shall cease to exist) shall be determinative in the case absence of LIBOR Loans as manifest error . (b) After maturity of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or Applicable Margin shall change. Accrued interest on all Prime Loans shall be payable monthly in arrears on the first day of each calendar month during the Term, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereofRevolving Credit Loans, whether by reason of acceleration or otherwise., interest shall continue to accrue on each Revolving Credit Loan and be payable on demand on the entire outstanding principal balance thereof at an annual rate equal to 2 % over and above the otherwise applicable interest rate . Interest on each Revolving Credit Loan shall be payable quarterly in arrears on the last day of each Fiscal Quarter, and at the maturity of the Revolving Credit Loans, whether by reason of acceleration or otherwise . All payments shall be applied first to the payment of all accrued and unpaid interest, with the balance, if any, to be applied to the payment of principal . (c) Borrower shall have the right to prepay the Revolving Credit Loans in whole or in part at any time, provided that : (i) all billed/due and unpaid interest shall accompany such prepayment and (ii) all prepayments shall be

Interest Rates and Payments. (a) Each Revolving Credit Loan (other than a Loan to be made in an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a rate per annum equal to such of the following as the BorrowersBorrower, at their its option, shall select in accordance with Section 3.53.3: (i) the Prime Base Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Base Rate or said Applicable Margin shall change, or (ii) the LIBOR Rate plus the Applicable Margin, determined in the case of LIBOR Loans as of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Swing Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Base Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Base Rate or said Applicable Margin shall change. Accrued interest on all Prime Base Rate Loans shall be payable monthly quarterly in arrears on the first day of each calendar month during the Termquarter, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereof, whether by reason of acceleration or otherwise.

Interest Rates and Payments. (a) Each Loan (other than a Loan to be made in an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a rate per annum equal to such of the following as the Borrowers, at their option, shall select in accordance with Section 3.53.4: (i) the Prime ----------- Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or said Applicable Margin shall change, or (ii) the LIBOR Rate plus the Applicable Margin, determined in the case of LIBOR Loans as of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or Applicable Margin shall change. Accrued interest on all Prime Loans shall be payable monthly in arrears on the first day of each calendar month during the Term, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereof, whether by reason of acceleration or otherwise.

Interest Rates and Payments. (a) Each Revolving Credit Loan (other than a Loan to be made in an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a rate per annum equal to such of the following as the BorrowersBorrower, at their its option, shall select in accordance with Section 3.53.3: (i) the Prime Base Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Base Rate or said Applicable Margin shall change, or (ii) the LIBOR Rate plus the Applicable Margin, determined in the case of LIBOR Loans as of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Swing Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Base Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Base Rate or said Applicable Margin shall change. Accrued interest on all Prime Base Rate Loans shall be payable monthly quarterly in arrears on the first day of each calendar month during the Termquarter, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereof, whether by reason of acceleration or otherwise. Each Alternate Currency Loan shall bear interest on the outstanding principal amount thereof at a rate per annum set forth in the applicable Alternate Currency Addendum.

Interest Rates and Payments. (a) Each Revolving Credit Loan (other than a and Reducing Revolver Loan to be made in an Optional Currency or a Swingline Loan) shall bear interest prior to maturity at a rate per annum equal to such of the following as the BorrowersBorrower, at their its option, shall select in accordance with Section 3.53.3: (i) the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or said Applicable Margin shall change, or (ii) the LIBOR Rate plus the Applicable Margin, determined in the case of LIBOR Loans as of the date of the commencement of the applicable Interest Period. Each LIBOR Loan made in an Optional Currency shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate plus the Applicable Margin, determined as of the date of the commencement of the applicable Interest Period. Each Swingline Loan shall bear interest prior to maturity at a rate per annum equal to the Prime Rate plus the Applicable Margin, which rate shall fluctuate as and when said Prime Rate or Applicable Margin shall change. Accrued interest on all Prime Loans shall be payable monthly quarterly in arrears on the first day of each calendar month during the Termquarter, commencing on the first such date after such Loan is made. Accrued interest on all LIBOR Loans shall be payable in arrears on the last day of the Interest Period applicable to each such LIBOR Loan, and if any such Interest Period exceeds three months, all accrued and unpaid interest shall be due and payable on the date three months following the commencement of such Interest Period as well. Interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrowers in such Optional Currency. In addition, all accrued interest on all Loans shall be payable on the last day of the Term hereof, whether by reason of acceleration or otherwise. (b) After the occurrence of an Event of Default, the principal balance of and, to the extent permitted by law, any overdue interest on any Prime Loan shall bear interest, payable on demand, for each day until paid, at a rate per annum equal to Three and One-Fourth Percent (3.25%) over and above the Prime Rate, fluctuating as and when said Prime Rate shall change. After the occurrence of an Event of Default, the principal balance of and, to the extent permitted by law, any overdue interest on any LIBOR Loan shall bear interest, payable on demand, for each day during the applicable Interest Period until paid, at a rate per annum equal to the sum of Two Percent (2.00%) plus the LIBOR Rate plus Applicable Margin for such LIBOR Loan, and after the expiration of such Interest Period, such Loan shall thereafter bear interest at the default rate applicable to Prime Loans under the preceding sentence. From and after the maturity of the Notes, whether by reason of acceleration or otherwise, the unpaid principal balance of each Loan shall bear interest until paid, payable on demand, at a rate per annum equal to Three and One-Fourth Percent (3.25%) over and above the Prime Rate, fluctuating as aforesaid.