Common use of Prime Rate Loans Clause in Contracts

Prime Rate Loans. Each Prime Rate Loan made by the Lenders shall bear interest on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) at a rate per annum equal to the Prime Rate from time to time in effect.

Prime Rate Loans. Each Prime Rate Loan made by the Lenders shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) at a rate per annum equal to the Prime Rate from time to time in effecteffect plus the Applicable Margin. Interest on all Prime Rate Loans is payable on the last day of each calendar quarter and at maturity (whether by acceleration or otherwise), commencing December 31, 1998.

Prime Rate Loans. Each Prime Rate Loan made by the Lenders shall bear interest on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) or conversion to a LIBOR Loan at a rate per annum equal to the sum of the Applicable Prime Rate Margin from time to time in effecteffect plus the Prime Rate.”

Prime Rate Loans. Each Prime Rate Loan made by the Lenders shall bear interest on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) or conversion to a LIBOR Loan at a rate per annum equal to the sum of the Applicable Prime Rate Margin from time to time in effecteffect plus the Prime Rate.