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Interest on Revolving Credit Loans
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Interest on Revolving Credit Loans
. (a) Each Revolving Credit
Loan shall
bear
interest
at the
Base Margin Rate
unless
timely notice
is given (as
provided
in
Section
2.5) that
the subject
Revolving Credit Loan (or
a portion
thereof) is, or is to be
converted
to, a
LIBOR Loan
.
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Interest on Revolving Credit Loans
.
Except as otherwise provided
in
Section
5.11,
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Interest on Revolving Credit Loans
.
Except as otherwise provided
in ss.5.11,
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Interest on Revolving Credit Loans
. (a)
Subject to SECTION
2.12,
each Prime
Rate
Loan shall
bear
interest
(
computed
on the
basis of
the actual
number of days
elapsed over
a year
of 365 or 366 days, as applicable) at a
rate per annum
that shall be
equal to
the then Prime Rate
plus
the
Applicable Margin
for
Prime Rate Loans
.
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Interest on Revolving Credit Loans
.
Except as otherwise provided
in
Section
6.10,
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Interest on Revolving Credit Loans
. (a) Subject to
the provisions of Section
2.9, each Base Rate
Loan shall
bear
interest
(
computed
on the
basis of
the actual
number of days
elapsed over
a year
of 365 or 366 days, as
the case
may be) at a
rate per annum
equal to
the Base Rate
minus
1% (the "
Base Rate Option
").
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Interest on Revolving Credit Loans
.
Except as otherwise provided
in (S)6.11, (a) each Base Rate
Loan shall
bear
interest for
the period
commencing
with the
Drawdown Date
thereof and
ending
on the last
day of
the Interest Period
with
respect
thereto at the
rate per annum
equal to
the Base Rate
plus
the
Applicable Margin
; and (b) each
Eurodollar Rate
---- Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at the rate per annum equal to the Eurodollar Rate
determined
for such Interest Period plus the Applicable Margin.
The Borrower
irrevocably
and
unconditionally
---- promises to pay interest on each
Revolving Credit Loan
in arrears
on each Interest Payment Date
with respect thereto.
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Interest on Revolving Credit Loans
.
Except as otherwise provided
in ---------------------------------- (S)6.11,
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Interest on Revolving Credit Loans
. (a) Each
Revolving Credit Loan
which consists of a Base Margin
Loan shall
bear
interest
at the
Base Margin Rate
(
determined
based
upon a 365/366-day
year
and
actual days
elapsed), unless and until it is made as, or is
converted
to, an
Index Loan
pursuant to Section
2.5 hereof.
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Interest on Revolving Credit Loans
. (a) During the
Revolver Period
,
except as otherwise provided
in §4.11 hereof,
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