On Loans. Interest on the Loans, subject to Sections 2.3(b) and (c), shall be payable as follows:
On Loans. Interest on Advances under the Revolving Loans and interest on the Term Loans, subject to Section 2.3(b) and (c) hereof, shall be payable as follows:
On Loans. If the APR on the loan hereunder is only calculated based on the loan interest rate specified in paragraph 1 of this Article, the aforementioned Notice About Annual Percentage Rate (APR) on Loans shall not apply.
On Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the Loans to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loans. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.
On Loans. Interest on Advances under the Revolving Loans and interest on the Term Loan, subject to Section 2.3(b) hereof, shall be payable as follows: (i) On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of 360 days and shall be payable monthly in arrears on the first day of each calendar month, commencing on May 1, 1997. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Base Rate Advance made with respect to the Revolving Loans and the Term Loan at the simple per annum interest rate equal to the sum of (A) the Base Rate, and (B) the applicable Interest Rate Margin. (ii) On Eurodollar Advances. Interest on each Eurodollar Advance shall be computed on the basis of a hypothetical 360-day year for the actual number of days elapsed and shall be payable in arrears on (x) the Payment Date for such Advance, and (y) if the Eurodollar Advance Period for such Advance is greater than three (3) months, on each three month anniversary of such Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance made with respect to the Revolving Loans and the Term Loan at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance, and (B) the applicable Interest Rate Margin. (b)
On Loans. Interest on the Loans, subject to Sections 2.3(b) and (c), shall be payable as follows: On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a 365/366 day year and shall be payable quarterly in arrears on the last day of each calendar quarter for such calendar quarter, commencing with the first calendar quarter beginning after the Agreement Date. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this Agreement and the other Loan Documents). Interest shall accrue and be payable on each Base Rate Advance at the simple per annum interest rate equal to the sum of (A) the Base Rate and (B) the Applicable Margin for Base Rate Advances.
On Loans. Interest on the Loans, subject to Sections 2.3(b) and (c), shall be payable as follows: On Base Rate Loans. Interest on each Base Rate Loan, shall be computed (x) when the Base Rate is calculated based on clause (i) of the definition thereof, for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty five(365)/three hundred sixty six (366) days and (y) in all other cases, for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days and, in either case, shall be payable quarterly in arrears on the last Business Day of each calendar quarter for the prior calendar quarter. Interest on Base Rate Loans then outstanding shall also be due and payable on the applicable Maturity Date for such Tranche of Loans (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Base Rate Loan at the simple per annum interest rate equal to the sum of (A) the Base Rate and (B) the Applicable Margin. On Eurodollar Loans. Interest on each Eurodollar Loan shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days and shall be payable in arrears on (x) the Payment Date for such Loan, and (y) if the Eurodollar Loan Period for such Loan is greater than three (3) months, on the last Business Day of such three (3) month period and on the last day of the applicable Eurodollar Loan Period for such Loan. Interest on Eurodollar Loans then outstanding shall also be due and payable on the Maturity Date applicable to such Tranche of Loans (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Eurodollar Loan at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Loan and (B) the Applicable Margin.
On Loans. Subject to Section 2.3(b) hereof, interest on each Advance -------- shall be computed for the actual number of days elapsed on the basis of a hypothetical year of 360 days and shall be payable in arrears on the first day of each March, June, September and December after the Agreement Date. Interest on Advances then outstanding shall also be due and payable on the Termination Date. Interest shall accrue and be payable on each Advance at the simple per annum interest rate equal to the sum of (i) the LIBOR Rate and (ii) the Interest Rate Margin.
