Default Interest Periods. Interest under this clause 18 shall be calculated by reference to successive periods, each of which (other than the first, which shall begin on the due date for payment or, as the case may be, the date of judgment as referred to in clause 18.1) shall begin on the last day of the preceding period. Each such period shall be of such duration as the Agent may select.
Appears in 4 contracts
Sources: Syndicated Credit Agreement (Bell Microproducts Inc), Supplemental Agreement (Bell Microproducts Inc), Syndicated Credit Agreement (Bell Microproducts Inc)