Common use of Repayment of Loans; Interest Clause in Contracts

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, on the Termination Date. (b) Each Loan made by the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear interest on the unpaid principal amount thereof for the period from and including the Funding Date with respect to such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) Accrued interest on each Loan shall be payable on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) and on the Termination Date, except that interest payable at the Post-Default Rate shall be payable from time to time on demand.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrowers hereby promise to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrowers hereby promise to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower Borrowers hereby promises promise to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly in arrears on the date first Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrowers. (c) Following each Funding Date and from time to time (as further described in Section 11.15 hereof) the Lender shall have the right to perform a Due Diligence Review with respect to any or all of the Mortgage Loans. In the event that the Lender discovers any discrepancy between the information set forth on demandthe Mortgage Loan Tape and the information discovered as a result of the Lender's Due Diligence Review, in all cases, based upon the Underwriting Guidelines and the Borrower's credit classification criteria (in each case, a "Discrepancy"), then the Lender shall give notice thereof to the applicable Borrower and such Borrower shall promptly correct the information set forth on the related Mortgage Loan Tape. In the event that any Discrepancy affects the classification of a Mortgage Loan (in each case, a "Misclassified Mortgage Loan"), then such Mortgage Loan shall be re-classified. (d) It is understood and agreed that, unless and until an Event of Default shall have occurred and be continuing and Lender shall have exercised its remedies under Section 9(a) hereof, the Borrower shall be entitled to the proceeds of the Collateral pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans and all other DIP Obligations. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus greater of (i) the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds LIBO Rate plus the Applicable MarginMargin and (ii) the highest pre-default interest rate charged to the Borrower or the Guarantor, as applicable, by CIT pursuant to the CIT Facility. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date 25th calendar day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the 25th calendar day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue and be payable from time daily. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to time on demandthe Borrower. (c) From the Petition Date until the repayment in full of the Existing Obligations, the Existing Obligations shall bear interest in accordance with Section 7.24(c) hereof.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrowers hereby promise to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrowers hereby promise to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower Borrowers hereby promises promise to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower Borrowers hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date; provided, except that that, the Lender may, in its sole discretion, require accrued interest to be paid simultaneously with any prepayment of principal made by the Borrowers on account of any of the Loans outstanding. Interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrowers shall be entitled to time on demandthe proceeds of the Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. Prepayments on one or more of the Mortgage Loans may occur at any time and from time to time without penalty or premium. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrower. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to the proceeds of the Mortgage Loans, including interest and principal payments thereunder and proceeds from time the sale thereof, pledged to time on demandthe Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan No later than the Final Scheduled Maturity Date, Borrower shall maturepay to Lender the Total Outstanding Loans, plus all accrued and unpaid interest thereon, and the principal amount thereof shall be payablepay all other Secured Obligations then accrued, on the Termination Datein full. (b) Each Loan made by the Lenders shall be a LIBOR Rate Loan (unless converted Borrower hereby promises to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear pay to Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to each Accrual Period for such Loan to but excluding until the date principal amount of such Loan shall be is paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined Galleon Cost of Funds for such day Loan plus the Applicable MarginMargin (the "Note Interest Rate"), and calculated on the basis of the actual number of days elapsed in a year of 360 days. The Galleon Cost of Funds as determined on the last day of each Federal Accrual Period shall be the Galleon Cost of Funds Rate Loan shall bear applicable for purposes of calculating interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each Lender interest accruing at the applicable Post-Default Note Interest Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) such Accrual Period. Accrued interest on each Loan shall be payable on each Interest Payment Date. If the principal amount of a Loan varies during any Accrual Period, interest will be computed on the date average daily balance outstanding during the Accrual Period. (c) If, by the terms of this Loan Agreement or the Note, Borrower at any prepayment time is required or obligated to pay interest at a rate in excess of any Loan (other than a Loan secured the maximum rate permitted by Trade Receivables prepaid in accordance with Section 4.10(d)) and on applicable law, the Termination Date, except that rate of interest payable at the Post-Default Rate shall be payable from time deemed to time on demandbe immediately reduced to such maximum rate and the portion of all prior interest payments in excess of such maximum rate shall be applied and shall be deemed to have been payments made in reduction of the principal amount due hereunder and under the Note.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Eurodollar Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal except ---- to the Federal Funds Rate plus the Applicable Marginextent set forth in Section 2.04 hereof. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date Payment Date and for the last month of any prepayment the Loan Agreement on the Payment Date of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to time on demandthe Borrower. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to the proceeds of the Mortgage Loans pledged to the Lender hereunder in accordance with Section 11.14 hereof.

Repayment of Loans; Interest. (a) Each Borrower hereby promises to repay in full the outstanding Loan shall mature, and the principal amount thereof shall be payable, on of each Loan no later than the Termination Datedate (the "Stated Maturity") which is six months after the Funding Date of such Loan. (b) Each Loan made by Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. Notwithstanding the foregoing, the each Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document the Note, that shall not be paid in full when due (whether at stated maturityStated Maturity, by acceleration or by mandatory prepayment or otherwise), for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly commencing on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) one month from the Funding Date and on each successive date which is one month thereafter or the Termination Datedate of final payment of principal on such Loan, except that interest payable at the Post-Default Rate shall be payable from time to time on demand. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrowers.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to (i) with respect to the LIBOR period prior to December 31, 1999, the applicable Eurodollar Rate determined for such day plus the Applicable Margin, (ii) with respect to the period from and including December 31, 1999 to and including January 3, 2000, the Federal Funds Rate plus the Federal Funds Margin plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period (iii) with respect thereto at a rate per annum equal to the Federal Funds period on or after January 4, 2000, the applicable Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date; provided, except that that, the Lender may, in its sole discretion, require accrued interest to be paid simultaneously with any prepayment of principal made by the Borrower on account of any of the Loans outstanding. Interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to time on demandthe proceeds of the Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Eurodollar Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus PLUS the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month following the month for which it accrues and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to time on demandthe Borrower. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to the proceeds of the Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full in Dollars on the Termination DateDate the then aggregate outstanding principal amount of the Loans plus all accrued and unpaid interest thereon and any other sums due hereunder. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable MarginRate. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Interest shall accrue on the unpaid principal balance of each Loan on a daily basis. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date; provided, except that that, the Lender may, in its sole discretion, require accrued interest to be paid simultaneously with any prepayment of principal made by the Borrower on account of any of the Loans outstanding. Interest payable at the Post-Default Rate shall accrue daily and shall be payable from time in accordance with the foregoing. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to time on demandthe proceeds of the Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrowers hereby promise to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. Prepayments on one or more of the Mortgage Loans may occur at any time and from time to time without penalty or premium. (b) Each Loan made by The Borrowers hereby promise to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower Borrowers hereby promises promise to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower Borrowers hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrowers. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrowers shall be entitled to the proceeds of the Mortgage Loans, including interest and principal payments thereunder and proceeds from time the sale thereof, pledged to time on demandthe Lender hereunder.

Repayment of Loans; Interest. (a) Each Borrower hereby promises to repay in full the outstanding Loan shall mature, and the principal amount thereof shall be payable, on of each Loan no later than the Termination Datedate (the "Stated Maturity") which is twelve (12) months after the Funding Date of such Loan. (b) Each Loan made by Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. Notwithstanding the ---- foregoing, the each Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document the Note, that shall not be paid in full when due (whether at stated maturityStated Maturity, by acceleration or by mandatory prepayment or otherwise), for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly commencing on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) one month from the Funding Date and on each successive date which is one month thereafter or the Termination Datedate of final payment of principal on such Loan, except that interest payable at the Post-Default Rate shall be payable from time to time on demand. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrowers.

Repayment of Loans; Interest. (a) Each Subject to Section 2.05(b), with respect to each Mortgage Loan, Borrower hereby promises to repay in full on or prior to the Final Repayment Date the then aggregate outstanding Loan shall mature, and the principal amount thereof shall be payable, on of the Termination DateLoans with respect to such Mortgage Loan. (b) Each Borrower hereby promises to pay to Lender on each Payment Date until the date such Loan made by the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan paid in accordance with Section 2.14) and shall bear full interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable MarginRate. Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default hereunder, Borrower hereby promises shall be required to pay to each Lender interest at the applicable Post-Default Rate on any the outstanding principal amount of any each Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable monthly on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Date and on the Termination Final Repayment Date. Notwithstanding the foregoing, except that interest payable accruing at the Post-Default Rate shall be payable from time to time Lender on demand. Promptly after the determination of any Interest Rate provided for herein or any change therein, Lender shall give notice thereof to Borrower.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrower hereby promises to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrower shall be entitled to time on demandthe proceeds of the Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each Borrower hereby promises to repay in full on the applicable Maturity Date the then aggregate outstanding Loan shall mature, and the principal amount thereof shall be payable, on of the Termination DateLoans. (b) Each Loan made by Borrower hereby promises to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the each Borrower hereby promises to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by any of the Borrower Borrowers hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Datemonthly in arrears, if applicable, on the date second Business Day of any prepayment each month and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the second Business Day of such last month and on the Termination related Maturity Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. Upon reasonable request by the Borrowers, the Lender shall give the Borrowers notice of the determination of the interest rate provided herein or any change therein . (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrowers shall be entitled to time on demandthe proceeds of the Eligible Mortgage Loans pledged to the Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrowers hereby promise to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. Prepayment on one or more of the Mortgage Loans may occur at any time and from time to time without penalty or premium. (b) Each Loan made by The Borrowers hereby promise to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower Borrowers hereby promises promise to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower Borrowers hereunder or under any the Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) and on the Termination Date, except that interest payable at the Post-Default Rate shall be payable upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrowers. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrowers shall be entitled to the proceeds of the Mortgage Loans, including interest and principal payments thereunder and proceeds from time the sale thereof, pledged to time on demandthe Lender hereunder.

Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, The Borrowers hereby promise to repay in full on the Termination DateDate the then aggregate outstanding principal amount of the Loans. (b) Each Loan made by The Borrowers hereby promise to pay to the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear Lender interest on the unpaid principal amount thereof of each Loan for the period from and including the Funding Date with respect to date of such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto , at a rate per annum equal to the LIBOR Eurodollar Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus PLUS the Applicable Margin. Notwithstanding the foregoing, the Borrower Borrowers hereby promises promise to pay to each the Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower Borrowers hereunder or under any the Amended and Restated Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), ) for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment). (c) full. Accrued interest on each Loan shall be payable on each Interest Payment Date, monthly on the date first Business Day of any prepayment each month following the month for which it accrues and for the last month of any the Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) Agreement on the first Business Day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable from time upon such accrual. (c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, the Borrowers shall be entitled to time on demandthe proceeds of the Mortgage Loans pledged to the Lender hereunder.