Interest on the Revolving Loans. Except as otherwise provided in §6.10:
Interest on the Revolving Loans. SECTION 4.01(a).
Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360). Overdue principal of and, to the extent permitted by law, overdue interest on the Base Rate Loans shall bear interest for each day until paid at a rate per annum equal to the Default Rate.
Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360).
Interest on the Revolving Loans. Each Revolving Loan shall be a Prime Loan or a LIBOR Loan, as selected by Borrower in accordance with the terms of this Agreement.
Interest on the Revolving Loans. (a) Interest on the outstanding principal amount of each (i) LIBOR Loan shall be payable on each Interest Payment Date, unless the Interest Period exceeds three months in which case it shall be paid quarterly, at a rate per annum equal to the Interest Rate for the related Interest Period from the date when made and continued until paid in full and (ii) Base Rate Loan shall be payable on each Commitment Fee Payment Date at a rate per annum equal to the daily average Interest Rate for the period from the date when made and continued until paid in full.
Interest on the Revolving Loans. Except as provided in Section 3.3, (i) during such period as any Revolving Loans outstanding are ABR Loans, the aggregate principal amount of such Revolving Loans shall bear interest at a rate per annum equal to the Adjusted ABR and (ii) during such period as any Revolving Loans outstanding are LIBOR Loans, the aggregate principal amount of such Revolving Loans shall bear interest at a rate per annum equal to the Adjusted LIBOR.
Interest on the Revolving Loans. 17 Section 3.1 Interest..............................................................................17 Section 3.2 Computation...........................................................................18 Section 3.3 Maximum Interest Rate.................................................................18 Section 3.4 Default Rate; Post-Petition Interest..................................................18 Section 3.5 Payment...............................................................................18 Section 3.6 Taxes.................................................................................18
Interest on the Revolving Loans. The principal amount of the Revolving Loans outstanding from time to time shall bear interest until the Revolving Loans Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread; provided that, at the option of the Company, exercised from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Revolving Loans Maturity Date on any part or on the entire outstanding principal balance of the Revolving Loans as to which no LIBOR-based Rate previously elected remains in effect, at a rate per annum equal to a LIBOR-based Rate for a period of one month, two months, three months or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loans Maturity Date. After the Revolving Loans Maturity Date, and until paid in full, the principal amount of the Revolving Loans outstanding from time to time shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent (2%) per annum. Accrued interest shall be due and payable quarterly on the last Banking Day of March, 1998, and on the last Banking Day of each successive June, September, December and March thereafter until the Revolving Loans Maturity Date, at which time the entire unpaid principal balances of the Revolving Loans and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loans Maturity Date, interest shall be payable as accrued and without demand.
Interest on the Revolving Loans. Interest on the Revolving Loans (including with respect to Letters of Credit at such time as Revolving Loans are deemed made hereunder) shall be payable monthly, in arrears, on the last Business Day of each month commencing May 31, 1997 and shall be an amount equal to the Chase Bank Rate plus eighty-five one hundredths of one percent per annum, for the Revolving Loans (but in no event in excess of the maximum amount of interest permitted by law), computed on the average of the net balances owing by the Borrower to the Lenders in the Borrower's accounts at the close of each day during such month. In the event of any change in said Chase Bank Rate, the rate applicable to the Revolving Loans shall change, as of the first day of the month following any change, so as to remain eighty-five one hundredths of one percent above the then current Chase Bank Rate. Interest on the Revolving Loans shall be calculated based on a 360-day year. The Agent shall be entitled to charge the Borrower's Loan Account for interest on the Revolving Loan at the rates provided for in this Financing Agreement when due until all Obligations of the Borrower have been paid in full.
