Interest on Revolving Credit Advances. Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:
Interest on Revolving Credit Advances. (a) Scheduled ------------------------------------- --------- Interest. The Borrower shall pay interest on the unpaid principal amount of -------- each Revolving Credit Advance owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:
Interest on Revolving Credit Advances. (a) Borrower shall pay interest on the Revolving Credit Loan to Agent for the account of each Lender, (i) in the case of Index Rate Loans, in arrears for the preceding calendar month, on the second Business Day of each calendar month commencing on the second Business Day of the calendar month immediately following the Closing Date, (ii) in the case of LIBOR Loans, in arrears, on the last day of each LIBOR Period therefor, (iii) on the Commitment Termination Date, and (iv) if any interest accrues or remains payable after the Commitment Termination Date, upon demand. If any interest or other payment under this Agreement becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day (except as set forth in the definition of LIBOR Period) and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Interest on Revolving Credit Advances. Regulation D --------------------------------------------------- Compensation. (a)
Interest on Revolving Credit Advances. Interest on each Revolving Credit Advance shall be due and payable in arrears on each Interest Payment Date applicable thereto, beginning on October 31, 2011, and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any bankruptcy, insolvency or other similar law.
Interest on Revolving Credit Advances. Subject to the terms of Section 2.6 relating to LIBOR Pricing Options, the Borrowers, jointly and severally, shall pay interest on the unpaid balance of the Revolving Credit Advances from time to time outstanding at a per annum rate equal to the Applicable Base Rate for Revolving Credit Advances. Interest on the Revolving Credit Advances shall be payable (a) quarterly in arrears on the last day of each fiscal quarter, commencing January 31, 1998, for Base Rate Loans or (b) quarterly in arrears on the last day of each fiscal quarter, for LIBOR Rate Loans, and continuing until all of the Indebtedness of the Borrowers to the Revolving Credit Lenders under the Revolving Credit Notes shall have been paid in full.
Interest on Revolving Credit Advances. Subject to the ------------------------------------- terms of Section 2.5 relating to LIBOR Pricing Options, the Borrowers, jointly and severally, shall pay interest on the unpaid balance of the Revolving Credit Advances from time to time outstanding at a per annum rate equal to the Applicable Base Rate. Interest on the Revolving Credit Advances shall be payable quarterly in arrears on the first day of each quarter, commencing April 1, 1997 and continuing until all of the Indebtedness of the Borrowers to the Bank under the Revolving Credit Note shall have been paid in full.
Interest on Revolving Credit Advances. (a) Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance from the date of such Revolving Credit Advance until the principal amount thereof shall be paid in full, at a rate based on either the Index Rate or the LIBO Rate as follows: (i) with respect to each Index Rate Advance, at a rate per annum equal to the Index Rate plus the Applicable Margin, payable monthly in arrears of the last day of each month commencing on or after the Closing Date and on the date such Revolving Credit Advance is repaid in full; and (ii) with respect to each LIBO Rate Advance, at a rate per annum equal at all times during the Interest Period therefor to the LIBO Rate for such Interest Period plus the Applicable Margin, payable in arrears on the last day of such Interest Period and on the date such Revolving Credit Advance is repaid in full; provided, however, that the Applicable Margin applicable to LIBO Rate Advances shall be subject to periodic adjustments after December 31, 1995, in accordance with the following criteria. Based on the Interest Coverage Ratio and Fixed Charge Coverage Ratio calculated based upon the information contained in Borrower's financial statements that are required to be delivered to Agent and Lenders in accordance with Section 4.1 (together with a certificate of a Responsible Officer certifying such calculations (each, an "Adjustment Certificate")) for the most recently ended Fiscal Quarter in the most recently ended four Fiscal Quarter period, the Applicable Margin for LIBO Rate Advances shall be adjusted to be as follows: If Interest If Fixed Charge Coverage Ratio for Coverage Ratio for previous four previous four Then Fiscal Fiscal Applicable Quarter period is Quarter period is Margin is < 1.75 : 1 or < 1.20 : 1 2.50% > or = 1.75 : 1 and > or = 1.20 : 1 2.25% and < 2.50 : 1 and < 1.40 : 1 > or = 2.50 : 1 and > or = 1.40 : 1 2.00% The adjustments set forth in this paragraph, if and when applicable, shall be made to the Applicable Margin for LIBO Rate Advances outstanding during the Fiscal Quarter commencing immediately following the date that is three (3) Business Days after Borrower shall have delivered to Agent the required financial statements and Adjustment Certificate showing the requisite Interest Coverage Ratio and Fixed Charge Coverage Ratio for the relevant four Fiscal Quarter period.
Interest on Revolving Credit Advances. (a) Scheduled ----------------------------------------------------
Interest on Revolving Credit Advances. Subject to the terms of Section 2.4 relating to LIBOR Pricing Options, the Borrower shall pay interest on the unpaid balance of the Revolving Credit Advances which are Base Rate Loans from time to time outstanding at a per annum rate equal to the Base Rate. Interest on the Revolving Credit Advances which are Base Rate Loans shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing June 30, 1998 and continuing until all of the Indebtedness of the Borrower to the Lenders under the Revolving Credit Notes shall have been paid in full.
