Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the Term Interest Rate. Accrued and unpaid interest on the principal balance of the Term Loan outstanding from time to time shall be due and payable monthly, in arrears, commencing on June 1, 2010 and continuing on the first day of each calendar month thereafter, and on the Term Loan Maturity Date. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate. Accrued and unpaid interest on that portion of the principal balance of the Term Loan outstanding from time to time which is a Prime Loan, shall be due and payable monthly, in arrears, commencing on February 27, 2009 and continuing on the last Business Day of each calendar month thereafter, and on the Term Loan Maturity Date. Accrued and unpaid interest on those portions of the principal balance of the Term Loan outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Term Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default, interest on the outstanding principal balance of the Term Loan, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.
Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the Term Interest Rate. Accrued and unpaid interest on that portion of the unpaid principal balance of the Term Loan outstanding from time to time which is a Prime Loan shall be due and payable monthly, in arrears, commencing on September 30, 2009 and continuing on the last day of each calendar month thereafter, and on the Term Loan Maturity Date. Accrued and unpaid interest on that portion of the unpaid principal balance of the Term Loan outstanding from time to time which is a LIBOR Loan shall be payable on the last Business Day of each Interest Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Term Loan Maturity Date. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(a)(ii), the principal amount of the Term Loan outstanding from time to time shall bear interest at the Loan Rate. Principal and accrued and unpaid interest on the unpaid principal balance of the Term Loan outstanding from time to time, shall be due and payable monthly, in arrears, commencing on October 5, 2006 and continuing on the fifth (5th) day of each calendar month thereafter, in equal monthly principal installments of One Hundred Sixty-Six Thousand Six Hundred Sixty-Seven Dollars and No Cents ($166,667.00), together with an additional amount representing accrued interest as set forth above, beginning on October 5, 2006, and continuing on the fifth (5th) day of each month thereafter, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Loan Note may not be borrowed again. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate. Accrued and unpaid interest on that portion of the principal balance of the Term Loan outstanding from time to time which is a Base Rate Loan, shall be due and payable monthly, in arrears, commencing on May 31, 2007 and continuing on the last day of each calendar month thereafter, and on the Term Loan Maturity Date. Accrued and unpaid interest on those portions of the principal balance of the Term Loan outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period (provided, however, that for Interest Periods of six months, accrued interest shall also be paid on the date which is three months from the first day of such Interest Period), commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Term Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default, interest on the outstanding principal balance of the Term Loan, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.
Term Loan Interest and Payments. Except as otherwise provided in this Section 2.2(b), the principal amount of the Term Loan outstanding from time to time shall bear interest at the Term Interest Rate. Accrued and unpaid interest on that portion of the unpaid principal balance of the Term Loan outstanding from time to time which is a Prime Loan, shall be due and payable monthly, in arrears, commencing on January 1, 1999 and continuing on the first day of each calendar month thereafter, and on the Term Loan Maturity Date. Accrued and unpaid interest on that portion of the unpaid principal balance of the Term Loan outstanding from time to time which is a LIBOR Loan shall be payable on (i) the last Business day of each Interest Period, commencing on the first such date to occur after the date hereof, provided that if a six month LIBOR period is selected, interest shall also be payable on the last day of the third month of the Interest Period, (ii) on the date of any principal repayment of a LIBOR Loan, and (iii) on the Term Loan Maturity Date. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. Except as otherwise provided in this Agreement, the principal amount of the Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate. Accrued and unpaid interest on that portion of the principal balance of the Term Loan outstanding from time to time which is a Prime Loan, shall be due and payable quarterly, in arrears, commencing on the first day of the first calendar quarter following the first Advance of the Term Loan, and continuing on the first day of each calendar quarter thereafter, and on the each applicable Term Loan Maturity Date with respect to an Advance of the Term Loan. Accrued and unpaid interest on those portions of the principal balance of the Term Loan outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on each applicable Term Loan Maturity Date with respect to an Advance of the Term Loan. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate. Also, if an event described in Section 2.6(b) and Section 2.6(c) has occurred then each existing LIBOR Loan that is a Term Loan shall be converted to a Prime Loan on the last Business Day of the then existing Interest Period.
Term Loan Interest and Payments. Accrued and unpaid interest on that portion of the principal balance of the Term Loan outstanding from time to time which is a Base Rate Loan, shall be due and payable monthly, in arrears, commencing on July 31, 2005 and continuing on the last day of each calendar month thereafter, and on the Maturity Date. Accrued and unpaid interest on those portions of the principal balance of the Term Loan outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Maturity Date. Any amount of principal or interest on the Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. The principal amount of Term Loan outstanding from time to time shall bear interest at the applicable Term Interest Rate. Accrued and unpaid interest on the unpaid principal balance of the Term Loan shall be due and payable monthly, in arrears, on the first day of each calendar month and on the Term Loan Maturity Date. Any amount of principal or interest on Term Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Term Loan Interest and Payments. Except as otherwise provided in this subsection 2.1(b) and Section 2.3, the unpaid principal amount of the Term Loan shall bear interest at the Interest Rate in effect from time to time. Interest on the Term Loan shall be due and payable, in arrears, monthly on each Interest Payment Date on or after May 1, 2008 and on the Term Loan Maturity Date, at the Interest Rate. From and after the Term Loan Maturity Date, and after the occurrence and during the continuation of an Event of Default, interest and Additional Interest on the outstanding principal balance of the Term Loan shall accrue at the Default Rate and shall be payable upon demand from the Administrative Agent.
