Common use of Rates and Payment of Interest Clause in Contracts

Rates and Payment of Interest. (a) The Obligations shall bear interest (i) if a U.S. Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans; (ii) if a LIBOR Revolver Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin for LIBOR Revolver Loans; (iii) if a Singapore Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; (iv) if a SIBOR Revolver Loan, at SIBOR for the applicable Interest Period, plus the Applicable Margin for SIBOR Revolver Loans; (v) if a Singapore Swap Rate Revolver Loan, at the SWAP Rate for the applicable Interest Period, plus the Applicable Margin for Singapore Swap Rate Revolver Loans; (vi) if any other Singapore Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; and (vii) if any other U.S. Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans. Interest shall accrue from the date the Revolver Loan is advanced or the Obligation is incurred or payable, until paid by the applicable Borrower. If a Revolver Loan is repaid on the same day made, one day’s interest shall accrue. (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for such added cost and expense. (c) Interest accrued on the Revolver Loans shall be due and payable in arrears, (i) on the first day of each month, in the case of each Base Rate Revolver Loan, and on the last day of each applicable Interest Period, in the case of each Fixed Rate Loan; (ii) on any date of prepayment, with respect to the principal amount of Revolver Loans being prepaid; and (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (a) The Obligations shall bear interest (i) if a U.S. Base Rate Revolver Loan, at the U.S. Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans; (ii) if a LIBOR Revolver Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin for LIBOR Revolver Loans; (iii) if a Singapore Base Rate Revolver Loan, at the Singapore Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; (iv) if a SIBOR Revolver Loan, at SIBOR for the applicable Interest Period, plus the Applicable Margin for SIBOR Revolver Loans; (v) if a Singapore Swap Rate Revolver Loan, at the SWAP Rate for the applicable Interest Period, plus the Applicable Margin for Singapore Swap Rate Revolver Loans; (vi) if any other Obligation that is denominated in Singapore Obligation Dollars (including, to the extent permitted by law, interest not paid when due), at the Singapore Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; and (viivi) if any other U.S. Obligation that is denominated in Dollars (including, to the extent permitted by law, interest not paid when due), at the U.S. Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans. Interest shall accrue from the date the Revolver Loan is advanced or the Obligation is incurred or payable, until paid by the applicable Borrower. If a Revolver Loan is repaid on the same day made, one day’s interest shall accrue. (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for such added cost and expense. (c) Interest accrued on the Revolver Loans shall be due and payable in arrears, (i) on the first day of each month, in the case of each Base Rate Revolver Loan, and on the last day of each applicable Interest Period, in the case of each Fixed Rate Loan; (ii) on any date of prepayment, with respect to the principal amount of Revolver Loans being prepaid; and (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (a) The Obligations shall bear interest (i) if a U.S. Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans; (ii) if a U.S. LIBOR Revolver Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin for U.S. LIBOR Revolver Loans; (iii) if a Singapore Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; (iv) if a SIBOR Singapore LIBOR Revolver Loan, at SIBOR for the applicable Interest Period, plus the Applicable Margin for SIBOR Revolver Loans; (v) if a Singapore Swap Rate Revolver Loan, at the SWAP Rate LIBOR for the applicable Interest Period, plus the Applicable Margin for Singapore Swap Rate LIBOR Revolver Loans; (viv) if any other Singapore Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; and (viivi) if any other U.S. Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for U.S. Base Rate Revolver Loans. Interest shall accrue from the date the Revolver Loan is advanced or the Obligation is incurred or payable, until paid by the applicable Borrower. If a Revolver Loan is repaid on the same day made, one (1) day’s interest shall accrue. (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for such added cost and expense. (c) Interest accrued on the Revolver Loans shall be due and payable in arrears, (i) on the first day of each month, in the case of each Base Rate Revolver Loan, and on the last day of each applicable Interest Period, in the case of each Fixed Rate LIBOR Revolver Loan; (ii) on any date of prepayment, with respect to the principal amount of Revolver Loans being prepaid; and (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (a) The Obligations shall bear interest (i) if a U.S. Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for U.S. Margin, (ii) if a Singapore Base Rate Revolver Loans; Loan, at the Singapore Base Rate in effect from time to time, plus the Applicable Margin, (iiiii) if a LIBOR Revolver Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin for LIBOR Revolver Loans; (iii) if a Singapore Base Rate Revolver Loan, at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver LoansMargin; (iv) if a SIBOR Revolver Loan, at SIBOR for the applicable Interest Period, plus the Applicable Margin for SIBOR Revolver LoansMargin; (v) if a Singapore Swap Rate Revolver Loan, at the SWAP Rate for the applicable Interest Period, plus the Applicable Margin for Singapore Swap Rate Revolver Loans; (vi) if any other Singapore Obligation denominated in Dollars (including, to the extent permitted by lawApplicable Law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Singapore Base Rate Revolver Loans; and (viivi) if any other U.S. Obligation denominated in Singapore Dollars (including, to the extent permitted by lawApplicable Law, interest not paid when due), at the Singapore Base Rate in effect from time to time, plus the Applicable Margin for U.S. Singapore Base Rate Revolver Loans. Interest shall accrue from the date the Revolver Loan is advanced or the Obligation is incurred or payable, until paid by the applicable Borrower. If a Revolver Loan is repaid on the same day made, one day’s interest shall accrueBorrowers. (b) During an Insolvency Proceeding with respect to any Borrower, or during the existence and continuation of any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for such added cost and expense, payable on demand. (c) Interest shall accrue from the date a Revolver Loan is advanced or Obligation is incurred or payable, until paid in full by Borrowers, and shall in no event be less than zero at any time. Interest accrued on the Revolver Loans shall be due and payable monthly in arrears, (i) on the first fifth day of each month with respect to the prior month, in the case of each Base Rate Revolver Loan, and on the last day of each applicable Interest Period, in the case of each Fixed Rate Loan; (ii) on any date of prepayment, with respect to the principal amount of Revolver Loans being prepaid; and (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents andapplicable agreements or, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.