Paid Interest paid all accrued interest and other charges and fees in respect of the Borrowings being repaid or reduced as aforesaid. Any such notice of cancellation is irrevocable and the amount of the Total Commitment (and of the Total Syndicated Facility Commitment or the Operating Facility Commitment) so cancelled and reduced may not be reinstated hereunder.
Paid Interest. Interest shall accrue at a rate of 12% per annum (“Paid Interest,” which shall be computed on the basis of a 360-day year for the actual number of days elapsed in any year) on the unpaid Principal Amount of this Note and shall be paid on the first day of each calendar month beginning September 1, 2007. Unless prohibited under applicable law, any amount of accrued interest which is not paid pursuant to this Section 1(b) on the date on which it is due and payable shall bear interest at a rate of 12% per annum, or as otherwise specified in the Purchase Agreement, until such interest is paid to the holder of this Note. Any accrued interest which for any reason has not theretofore been paid during the term of this Note shall be paid in full on the date on which the final payment of the Principal Amount is made. (In-Kind Interest and Paid Interest, collectively, shall be referred to herein as “Combined Interest”.)
Paid Interest paid all accrued interest and other charges and fees in respect of the Borrowings being repaid or reduced as aforesaid. Any such notice of cancellation is irrevocable and the amount of the Total Commitment and each Lender’s Commitment so cancelled and reduced may not be reinstated hereunder. Subject to Section 10.5, the Borrower shall be entitled at any time or from time to time, upon irrevocable notice given no later than the third Business Day prior to the date of prepayment to the Agent, to ratably prepay Loans in whole or in part in minimum amounts of $10,000,000 and whole multiples thereafter of $1,000,000 without premium or penalty. Each notice of payment shall specify the date and aggregate principal amount of any such prepayment and the Loans to be repaid. The Agent will promptly notify each Lender of its receipt of any such notice and of the Lender’s Proportion of such Lender of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount, specified in such notice shall be due and payable on the date specified therein, together with all accrued interest to each such date on the amount prepaid, and any amounts required in accordance with Section 10.5 hereof as a result of such prepayment. In addition to the foregoing and if a Lender is (in this Section 4.2, an “Affected Lender” and any Lender which is not an Affected Lender being an “Unaffected Lender”):
