Ordinary Interest. Borrower shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount shall be paid in full, at a rate per annum equal to the Applicable Rate, monthly in arrears by 5:00 p.m. on each Interest Payment Date.
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Samples: Margin Loan and Security Agreement (Western Asset Global High Income Fund Inc.), Margin Loan and Security Agreement (Western Asset High Income Fund Ii Inc.), Margin Loan and Security Agreement (Neuberger Berman High Yield Strategies Fund Inc.)
Ordinary Interest. Borrower shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount shall be paid in full, at a rate per annum equal to the Applicable Rate, monthly in arrears by 5:00 p.m. (Pacific Standard Time) on each Interest Payment Date.
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Samples: Margin Loan and Security Agreement (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust)
Ordinary Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance, Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at a rate the Base Rate per annum equal to the Applicable Rateannum, monthly payable in arrears by 5:00 p.m. monthly through the last day of each month (or if later, the day immediately preceding the day such interest is paid) on each Interest Payment the first Business Day of the next succeeding month and on the Termination Date.
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