LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the sum of the LIBOR for such Tranche plus the Applicable Margin for LIBOR Tranches in effect from time to time. The Borrower shall pay to the Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche on the last day of the applicable Interest Period for such LIBOR Tranche (and with respect to LIBOR Tranches with Interest Periods of greater than three months, on the date which is three months after the first date of the Interest Period for such LIBOR Tranche), when required upon prepayment as specified elsewhere in this Agreement, on any date when such LIBOR Tranche is prepaid in full, and on the Revolving Loan Maturity Date.
LIBOR Tranches. Borrower shall pay interest in arrears on the unpaid principal amount of each LIBOR Tranche at the Adjusted LIBOR Rate for such LIBOR Tranche from the date on which such LIBOR Tranche is created until such principal amount has been paid in full, or converted to a Prime Rate Tranche, as the case may be, (1) every 30 days after the Effective Date of such LIBOR Tranche, and (2) on the Maturity Date at the Adjusted LIBOR Rate.
LIBOR Tranches. There shall not at any time be more than six different LIBOR Tranches.
LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the lesser of (i) the Highest Lawful Rate or (ii) the sum of the LIBOR for such Tranche plus the Applicable Margin for LIBOR Tranches in effect from time to time. The Borrower shall pay to the Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche on the last day of the applicable Interest Period for such LIBOR Tranche (and with respect to LIBOR Tranches with Interest Periods of greater than three months, on the date which is three months after the first date of the Interest Period for such LIBOR Tranche), when required upon prepayment as specified elsewhere in this Agreement, on any date when any portion of any LIBOR Tranche is prepaid (but only to the extent of the portion of any such LIBOR Tranche is prepaid), and on the Revolving Credit Maturity Date.
LIBOR Tranches. Borrowers shall pay interest in arrears on the unpaid principal amount of each LIBOR Tranche at Adjusted LIBOR (1) on the last day of each LIBOR Interest Period, provided that, if such LIBOR Interest Period is 180 days, Borrowers shall also pay interest on the 90th day of such LIBOR Interest Period, and (2) on the Termination Date.
LIBOR Tranches. At the end of the applicable LIBOR Interest Period, the LIBOR Tranche will convert back to a Base Rate Tranche unless any Borrower notifies Agent (which shall promptly notify each Lender) at least three Business Days before the end of the existing LIBOR Interest Period (and provided that there then exists no Default or Event of Default) that Borrowers are electing to continue such LIBOR Tranche as a LIBOR Tranche and are selecting a new LIBOR Interest Period.
LIBOR Tranches. Each LIBOR Tranche under a Loan shall bear interest during its Interest Period at a per annum interest rate equal to the sum of the LIBOR for such LIBOR Tranche plus the Applicable Margin for such LIBOR Tranche in effect from time to time. The Borrower shall pay to the Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche under such Loan on the last day of each calendar quarter and on the maturity date of such Loan.
LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the LIBOR for such LIBOR Tranche plus the Applicable Margin for LIBOR Tranches in effect from time to time. Interest for LIBOR Tranches shall be calculated on the basis of a 360 day year for the actual number of days elapsed. The Borrower shall pay to the Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche on the last day of the applicable Interest Period for such LIBOR Tranche (and with respect to LIBOR Tranches with Interest Periods of greater than three months, on the date which is three months after the first date of the Interest Period for such LIBOR Tranche), on any date when the interest rate basis of any portion of such LIBOR Tranche is converted or such LIBOR Tranche is prepaid or repaid (but only on the amount so converted, prepaid, or repaid), and on the Revolving Loan Maturity Date.
LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the lesser of (i) the Highest Lawful Rate or (ii) the sum of the LIBOR for such Tranche plus the Applicable Margin for LIBOR Tranches in effect from time
LIBOR Tranches. Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the sum of the LIBOR for such Tranche plus the Applicable Interest Margin in effect from time to time. The Borrower shall pay to the Agent for the ratable benefit of the Banks all accrued but unpaid interest on each LIBOR Tranche on the last day of the applicable Interest Period for such LIBOR Tranche (and with respect to LIBOR Tranches with Interest Periods of greater than three months, on the date which is three months after the first date of the Interest Period for such LIBOR Tranche), on any date when any portion of any LIBOR Tranche is prepaid in full (but only to the extent of the portion of any such LIBOR Tranche is prepaid), and on the applicable Maturity Date for each such LIBOR Tranche.
