Common use of Payment of Interest on the Libor Basis Clause in Contracts

Payment of Interest on the Libor Basis. The interest payable in accordance with the provisions of Section 5.3 and calculated in the manner hereinabove set out on the amount outstanding from time to time is payable to the Agent, in arrears, 5.4.1 on the last day of the Designated Period when the Designated Period is 1 to 3 months, 5.4.2 when the Designated Period exceeds 3 months, on the last Business Day of each period of 3 months during such Designated Period and on the last day of the Designated Period.

Payment of Interest on the Libor Basis. The interest payable in accordance with the provisions of Section 5.3 5.7 and calculated in the manner hereinabove set out on the amount outstanding from time to time described is payable to the Agent, in arrears, 5.4.1 5.8.1 on the last day of the Designated Period when the Designated Period is 1 to 1, 2 or 3 months, 5.4.2 5.8.2 when the Designated Period exceeds 3 months, on the last Business Day of each period of 3 months during such Designated Period and on the last day of the Designated Period, if the Designated Period is more than 3 months and is not a multiple of 3 months.

Payment of Interest on the Libor Basis. The interest payable in accordance with the provisions of Section 5.3 and calculated in the manner hereinabove set out on the amount outstanding from time to time is payable to the Agent, in arrears, , 5.4.1 on the last day of the Designated Period when the Designated Period is 1 to 3 months, , 5.4.2 when the Designated Period exceeds 3 months, on the last Business Day of each period of 3 months during such Designated Period and on the last day of the Designated Period.