Common use of Initial Disbursement; Subsequent Disbursements During Any Calendar Month Clause in Contracts

Initial Disbursement; Subsequent Disbursements During Any Calendar Month. For the initial disbursement of principal under this Agreement, and for any subsequent disbursements of principal during any calendar month, the Effective Rate on such principal amount shall be the Calculated Interest Rate on the date of disbursement as determined by Administrative Agent. Such Effective Rate shall apply to such principal amount from the date of disbursement through and including the date immediately preceding the first (1st) Business Day of the next calendar month. On the first (1st) Business Day of the next calendar month, any principal disbursed during the prior calendar month shall be added to (or become) the LIBO Rate Portion for purposes of calculation of the Effective Rate under subsection (ii) below.

Initial Disbursement; Subsequent Disbursements During Any Calendar Month. For the initial disbursement of principal under this AgreementNote, and for any subsequent disbursements of principal during any calendar month, the Effective Rate on such principal amount shall be the Calculated Interest One-Month LIBO Rate on the date of disbursement as determined by Administrative AgentLender. Such Effective Rate shall apply to such principal amount from the date of disbursement through and including the date immediately preceding the first (1st) 1st Business Day of the next calendar month. On the first (1st) 1st Business Day of the next calendar month, any principal disbursed during the prior calendar month shall be added to (or Loan No. WB13991 become) the One-Month LIBO Rate Portion for purposes of calculation of the Effective Rate under subsection (ii) Section 2.2 below.

Initial Disbursement; Subsequent Disbursements During Any Calendar Month. For the initial disbursement of principal under this Agreement, and for any subsequent disbursements of principal during any calendar month, the Effective Rate on such principal amount shall be the Calculated Interest Rate on the date of disbursement as determined by Administrative AgentLender. Such Effective Rate shall apply to such principal amount from the date of disbursement through and including the date immediately preceding the first (1st) Business Day of the next calendar month. On the first (1st) Business Day of the next calendar month, any principal disbursed during the prior calendar month shall be added to (or become) the LIBO Rate Portion for purposes of calculation of the Effective Rate under subsection (ii) below.