Common use of On Eurodollar Advances Clause in Contracts

On Eurodollar Advances. Interest on each Eurodollar Advance shall be computed on the basis of a 360-day year for the actual number of days elapsed and shall be payable in arrears (i) on the applicable Payment Date for such Eurodollar Advance, and (ii) if the Eurodollar Advance Period for such Eurodollar Advance exceeds three (3) months, on each three (3) month anniversary of the making of such Eurodollar Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the date of any repayment made under Sections 2.5, 2.6 or 2.7 hereof and on the applicable Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance at the simple per annum interest rate equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance and (B) the Applicable Margin in effect from time to time with respect to Eurodollar Advances pursuant to Section 2.3(f) hereof.

On Eurodollar Advances. Interest on each Eurodollar Advance shall be computed on the basis of a 360-day year for the actual number of days elapsed and General Communication, Inc. - Form 8-K Page 179 shall be payable in arrears (i) on the applicable Payment Date for the period through the day immediately preceding such Eurodollar AdvancePayment Date, and (ii) and, in addition, if the Eurodollar Advance Interest Period for such a Eurodollar Advance exceeds three (3) months, interest on each three (3) such Eurodollar Advance shall also be due and payable in arrears on every three-month anniversary of the making beginning of such Eurodollar AdvanceInterest Period. Interest on Eurodollar Advances then outstanding shall also be due and payable on the date of any repayment made under Sections 2.5, 2.6 or 2.7 hereof and on the applicable Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance at the simple a rate per annum interest rate equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance and Advance, plus (B) the Applicable Margin in effect from time to time with respect to Eurodollar Advances pursuant to and as more fully set forth in Section 2.3(f) hereofbelow.