Common use of Rates Payable by the Borrower Clause in Contracts

Rates Payable by the Borrower. (a) The Borrower shall pay interest on the Loans at a rate per annum during each Interest Period equal to the sum of the LIBO Rate for such Interest Period plus the Applicable Margin. (b) Each Loan shall bear interest from and including the first day of the applicable Interest Period to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Loan. (c) All interest hereunder shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Rates Payable by the Borrower. (a) The Borrower shall pay interest on the Loans at a rate per annum during each Interest Period equal to the sum of the LIBO Rate for such Interest Period plus the Applicable Margin.. NYDOCS01/1357357.3 15 (b) Each Loan shall bear interest from and including the first day of the applicable Interest Period to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Loan. (c) All interest hereunder shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

Rates Payable by the Borrower. (a) The Borrower shall pay interest on the Loans outstanding principal amount of the Loan at a rate per annum during each Interest Period equal to the sum of the LIBO Rate for such Interest Period plus the Applicable Marginthen currently in effect. (b) Each The Loan shall bear interest from and including the first day of the applicable Interest Period to (but not and including) the last day of such Interest Period at the interest rate determined as applicable to such LoanRate. (c) All interest hereunder shall be computed on the basis of a year of 360 days days, shall accrue from day to day and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).