Common use of Interest Fees and Expenses Clause in Contracts

Interest Fees and Expenses. 8.1 Interest on Prime Rate Loans shall be payable monthly, in arrears, to the Lender as of the end of each month and interest on BA Equivalent Loans shall be payable to the Lender on the applicable Expiry Date, in arrears, based on a 365 day year and a 366 day year in the case of a leap year. Interest on Prime Rate Loans shall be an amount equal to the Prime Rate plus three-quarters of one percent (0.75%) per annum on the balance owing by the Borrower to the Lender in the Revolving Loan Account for Prime Rate Loans at the close of each day during such month. In the event of any change in the Prime Rate, the rate hereunder for Prime Rate Loans shall change, as of the date of such change, so as to remain three-quarters of one percent (0.75%) above the Prime Rate. The Lender shall be entitled to charge the Borrower's Revolving Loan Account for any and all fees, costs and expenses incurred by the Lender and permitted to be charged by the Lender under this Financing Agreement at the rate provided for herein for Prime Rate Loans when due until all such Obligations have been indefeasibly paid in full. Upon and after the occurrence of a Default or an Event of Default which is continuing and the giving of any required notice by the Lender in accordance with the provisions hereof, all Obligations shall bear interest at the Default Rate of Interest.

Interest Fees and Expenses. 8.1 (a) Interest on Prime Rate the Revolving Loans (other than LIBOR Loans) shall be payable monthly, in arrears, to the Lender monthly as of the end of each month and interest on BA Equivalent Loans shall be payable to the Lender on the applicable Expiry Date, in arrears, based on a 365 day year and a 366 day year in the case of a leap year. Interest on Prime Rate Loans shall be an amount equal to the Prime Chase Bank Rate plus three-quarters of one percent (0.75%) per annum plus the Applicable Margin attributable to Chase Bank Rate Loans on the balance average of the net balances (other than LIBOR Loans) owing by the Borrower Borrowers to the Lender Lenders in the Borrowers' Revolving Loan Account for Prime Rate Loans at the close of each day during such month. Interest on the Revolving Loans which are LIBOR Loans shall be payable monthly as of the end of each month and shall be an amount equal to the sum of the Applicable Margin attributable to LIBOR Loans and the applicable LIBOR on each then outstanding Revolving Loan which is a LIBOR Loan, on a per annum basis, on the average of the net balances owing by the Borrowers on such LIBOR Loan at the close of each day during such month. The Borrowers may elect to use LIBOR as to any new or then outstanding Revolving Loans subject to the provisions of Sections 8.13 through 8.20 hereof. If no such election is timely made or can be made, then the Agent shall use the Chase Bank Rate to compute interest. In the event of any change in the Prime said Chase Bank Rate, the rate hereunder for Prime Rate Loans shall changechange correspondingly, as of the date first of such the month following any change, so as to remain three. All rates hereunder shall be calculated based on a 360-quarters of one percent (0.75%) above the Prime Rateday year. The Lender Agent shall be entitled to charge the Borrower's Borrowers' Revolving Loan Account for any and all fees, costs and expenses incurred by the Lender and permitted to be charged by the Lender under this Financing Agreement at the rate provided for herein for Prime Rate Loans when due until all such Obligations have been indefeasibly paid in full. Upon and after the occurrence of a Default or an Event of Default which is continuing and the giving of any required notice by the Lender in accordance with the provisions hereof, all Obligations shall bear interest at the Default Rate of Interest.

Interest Fees and Expenses. 8.1 (a) Interest on Prime Rate the Revolving Loans (other than LIBOR Loans) shall be payable monthly, in arrears, to the Lender monthly as of the end of each month and interest on BA Equivalent Loans shall be payable to the Lender on the applicable Expiry Date, in arrears, based on a 365 day year and a 366 day year in the case of a leap year. Interest on Prime Rate Loans shall be an amount equal to the Prime Chase Bank Rate plus three-quarters of one percent (0.75%) per annum plus the Applicable Margin attributable to Chase Bank Rate Loans on the balance average of the net balances (other than LIBOR Loans) owing by the Borrower Borrowers to the Lender Lenders in the Borrowers' Revolving Loan Account for Prime Rate Loans at the close of each day during such month. Interest on the Revolving Loans which are LIBOR Loans shall be payable monthly as of the end of each month and shall be an amount equal to the sum of the Applicable Margin attributable to LIBOR Loans and the applicable LIBOR on each then outstanding Revolving Loan which is a LIBOR Loan, on a per annum basis, on the average of the net balances owing by the Borrowers on such LIBOR Loan at the close of each day during such month. The Borrowers may elect to use LIBOR as to any new or then outstanding Revolving Loans subject to the provisions of Section 8.13 hereof. If no such election is timely made or can be made, then the Agent shall use the Chase Bank Rate to compute interest. In the event of any change in the Prime said Chase Bank Rate, the rate hereunder for Prime Rate Loans shall changechange correspondingly, as of the date first of such the month following any change, so as to remain three. All rates hereunder shall be calculated based on a 360-quarters of one percent (0.75%) above the Prime Rateday year. The Lender Agent shall be entitled to charge the Borrower's Borrowers' Revolving Loan Account for any and all fees, costs and expenses incurred by the Lender and permitted to be charged by the Lender under this Financing Agreement at the rate provided for herein for Prime Rate Loans when due until all such Obligations have been indefeasibly paid in full. Upon and after the occurrence of a Default or an Event of Default which is continuing and the giving of any required notice by the Lender in accordance with the provisions hereof, all Obligations shall bear interest at the Default Rate of Interest.