Common use of Interest on the Term Loan Clause in Contracts

Interest on the Term Loan. The unpaid principal balance from time to time of the Term Loan shall bear interest from the date the first disbursement of proceeds of the Term Loan is made prior to the maturity of the Term Note at a rate per annum equal to the Prime-based Rate, except that at the option of Borrower exercised from time to time as provided in Section 2.b(i), interest may accrue prior to maturity on the entire outstanding balance of the Term Loan or on any portion thereof which is an integral multiple of $100,000.00 (unless the selection is for the entire outstanding principal balance of the Term Loan) and as to which no LIBOR-based Rate previously selected remains in effect at a LIBOR-based Rate; provided that no LIBOR-based Rate may be elected for a period extending beyond the scheduled final maturity of the Term Loan. After maturity, whether scheduled maturity or maturity by virtue of acceleration on account of the occurrence of an Event of Default, interest will accrue on the Term Loan at a rate per annum equal to the Prime-based Rate plus Two Hundred (200) Basis Points, except that as to any portion of the Term Loan for which Borrower may have elected a LIBOR-based Rate for a period of time that has not expired at maturity, such portion shall, during the remainder of such period, bear interest at the greater of the Prime-based Rate plus Two Hundred (200) Basis Points per annum or the LIBOR-based Rate then in effect plus Two Hundred (200) Basis Points. Prior to maturity, (A) interest accruing at a Prime-based Rate shall be due and payable on the last Business Day of each calendar quarter and (B) interest accruing at a LIBOR-Based Rate shall be payable on the last day of each Interest Period relating to such portion of the Term Loan (provided that if the Interest Period is in excess of Three (3) months, interest will be paid each Three (3) months following the first day of such Interest Period). After maturity, interest shall be payable as accrued and without demand.

Interest on the Term Loan. The unpaid principal balance from time to time amount of the Term Loan and the Term Notes outstanding each day from and after the Closing Date shall bear interest from the date the first disbursement of proceeds of until the Term Loan is made prior to the maturity of the Term Note at a rate per annum equal to the Prime-based Rate, except that at the option of Borrower exercised from time to time as provided in Section 2.b(i), interest may accrue prior to maturity on the entire outstanding balance of the Term Loan or on any portion thereof which is an integral multiple of $100,000.00 (unless the selection is for the entire outstanding principal balance of the Term Loan) and as to which no LIBOR-based Rate previously selected remains in effect at a LIBOR-based Rate; provided that no LIBOR-based Rate may be elected for a period extending beyond the scheduled final maturity of the Term Loan. After maturity, whether scheduled maturity or maturity by virtue of acceleration on account of the occurrence of an Event of Default, interest will accrue on the Term Loan Maturity Date at a rate per annum equal to the Prime-based Rate for such day and shall be treated as a Prime Rate Advance, except that at the option of the Company, exercised from time to time as provided herein, interest may accrue prior to maturity on any specified amount of the principal balance or on the entire outstanding principal balance of the Term Loan as to which no LIBOR-based Rate elected remains in effect, at a LIBOR-based Rate, provided that an election of a LIBOR-based Rate for a period extending beyond the Scheduled Term Loan Maturity Date shall be permitted only at the discretion of the Required Term Lenders. After the Term Loan Maturity Date and until paid in full, the principal amount of the Term Loan and Term Notes outstanding from time to time shall bear interest at a per annum rate equal to the Prime-based Rate plus Two Hundred two percent (2002.0%) Basis Pointsper annum, except that as to any portion LIBOR Advance which is a part of the Term Loan for which Borrower the Company may have elected a LIBOR-based Rate for a period of time an Interest Period that has not expired at maturitythe Term Loan Maturity Date, such portion LIBOR Advance shall, during the remainder of such period, bear interest at the greater of the Prime-based Rate plus Two Hundred two percent (2002.0%) Basis Points per annum annum, or the LIBOR-based Rate then in effect with respect thereto plus Two Hundred two percent (2002.0%) Basis Pointsper annum. Prior Each change in the rate of interest to maturity, (A) be charged on any principal of Term Loan that bears interest accruing at a the Prime-based Rate shall be due and payable become effective on the last Business Day date of each calendar quarter and (B) interest accruing at a LIBOR-Based Rate shall be payable on change in the last day of each Interest Period relating to such portion of the Term Loan (provided that if the Interest Period is in excess of Three (3) months, interest will be paid each Three (3) months following the first day of such Interest Period). After maturity, interest shall be payable as accrued and without demand.Prime

Interest on the Term Loan. The unpaid principal balance amount of the Term Loan outstanding from time to time of shall bear interest until the Term Loan shall bear interest from the date the first disbursement of proceeds of the Term Loan is made prior to the maturity of the Term Note Maturity Date at a rate per annum equal to the Prime-based Prime Rate, except that at the option of Borrower the Company, exercised from time to time as provided in Section 2.b(i)2.05 of this Agreement, interest may accrue prior to maturity on any Term Loan Construction Advance or on the entire outstanding balance of the Term Loan or on any portion thereof which is an integral multiple of $100,000.00 (unless the selection is for the entire outstanding principal balance of the Term Loan) and as to which no LIBOR-based Rate previously selected elected remains in effect effect, at a LIBOR-based Rate; Rate for a period of one month, two months, three months or six months, plus Applicable Spread II, provided that no an election of a LIBOR-based Rate may be elected for a period extending beyond the scheduled final maturity Scheduled Term Loan Maturity Date shall be permitted only at the discretion of the Term LoanBank. After maturity, whether scheduled maturity or maturity by virtue of acceleration on account of the occurrence of an Event of Default, interest will accrue on From and after the Term Loan Maturity Date, and until paid in full, the Term Loan shall bear interest at a rate per annum rate equal to the Prime-based Prime Rate plus Two Hundred two percent (2002%) Basis Pointsper annum, except that as to any portion of the Term Loan for which Borrower the Company may have elected a LIBOR-based Rate for a period of time that has not expired at maturitythe Term Loan Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime-based Prime Rate plus Two Hundred two percent (2002%) Basis Points per annum or the LIBOR-based Rate then in effect effect, plus Two Hundred Applicable Spread II, plus two percent (2002%) Basis Pointsper annum. Prior to maturity, (A) Accrued interest accruing at a Prime-based Rate shall be due and payable monthly on the last Business Banking Day of each calendar quarter and (B) interest accruing at a LIBOR-Based Rate shall be payable on the last day of each Interest Period relating month prior to such portion of the Term Loan (provided that if Maturity Date. From and after the Interest Period is in excess of Three (3) monthsTerm Loan Maturity Date, interest will be paid each Three (3) months following on the first day of such Interest Period). After maturity, interest Term Loan shall be payable as accrued and without demand.

Interest on the Term Loan. The unpaid principal balance amount of the Term Loan outstanding from time to time of shall bear interest until the Term Loan shall bear interest from the date the first disbursement of proceeds of the Term Loan is made prior to the maturity of the Term Note Maturity Date at a rate per annum equal to the Prime-based Prime Rate, plus the Applicable Spread, except that at the option of Borrower the Company, exercised from time to time as provided in Section 2.b(i)2.05 of this Agreement, interest may accrue prior to maturity on any portion of the Term Loan or on the entire outstanding balance of the Term Loan or on any portion thereof which is an integral multiple of $100,000.00 (unless the selection is for the entire outstanding principal balance of the Term Loan) and as to which no LIBOR-based Rate previously selected elected remains in effect effect, at the LIBOR Rate (for an Interest Period selected by the Company as provided in this Agreement) plus the Applicable Spread, provided that an election of a LIBOR-based Rate; provided that no LIBOR-based Rate may be elected for a period an Interest Period extending beyond the scheduled final maturity Scheduled Term Loan Maturity Date shall be permitted only at the discretion of the Term LoanBank. After maturity, whether scheduled maturity or maturity by virtue of acceleration on account of the occurrence of an Event of Default, interest will accrue on From and after the Term Loan Maturity Date, and until paid in full, the Term Loan shall bear interest at a rate per annum rate equal to the Prime-based Rate Prime Rate, plus the Applicable Spread, plus Two Hundred Percent (2002%) Basis Pointsper annum, except that as to any portion of the Term Loan for which Borrower the Company may have elected a LIBOR-based Rate for a period of time an Interest Period that has not expired at maturitythe Term Loan Maturity Date, such portion shall, during the remainder of such periodInterest Period, bear interest at the greater of the Prime-based Rate Prime Rate, plus the Applicable Spread, plus Two Hundred Percent (2002%) Basis Points per annum annum, or the LIBOR-based LIBOR Rate then in effect effect, plus the Applicable Spread, plus Two Hundred Percent (2002%) Basis Pointsper annum. Prior to maturity, (A) Accrued interest accruing at a Prime-based Rate shall be due and payable monthly on the last Business Banking Day of each calendar quarter and (B) interest accruing at a LIBOR-Based Rate shall be payable on the last day of each Interest Period relating month prior to such portion of the Term Loan (provided that if Maturity Date. From and after the Interest Period is in excess of Three (3) monthsTerm Loan Maturity Date, interest will be paid each Three (3) months following on the first day of such Interest Period). After maturity, interest Term Loan shall be payable as accrued and without demand.