Common use of Interest – All Loans Clause in Contracts

Interest – All Loans. The Borrower shall pay accrued interest on the unpaid principal amount of each Borrowing thereof in arrears (i) in the case of a Borrowing consisting of Base Rate Loans, on the last Business Day of each fiscal quarter, (ii) in the case of a Borrowing consisting of LIBOR Loans, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months after the first day of such Interest Period); and (iii) in the case of all Borrowings, at maturity. All interest that is not paid when due shall be due on demand.

Interest – All Loans. The Borrower shall pay accrued interest on the unpaid principal amount of each Borrowing Revolving Loan thereof in arrears (i) in the case of a Borrowing consisting of Base Rate LoansLoan, on the last Business Day of each fiscal quarterFiscal Quarter (commencing with the Fiscal Quarter ending January 31, 2011), (ii) in the case of a Borrowing consisting of LIBOR LoansLoan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months after the first day of such Interest Period); and (iii) in the case of all BorrowingsLoans, at maturity. All interest that is not paid when due shall be due on demand.