Common use of Interest on Clause in Contracts

Interest on. the Loans shall be paid (in an amount set forth in a statement delivered by the Agent to the Borrower, provided, however, that the failure of the Agent to deliver such statement shall not limit or otherwise affect the obligations of the Borrower hereunder) in immediately available funds to the Agent at its Principal Office for the account of the applicable Lending Office of each Bank as follows: (1) For each ABR Loan and Swing Line Loan on the first day of each calendar month commencing on the first such date after such Loan; (2) For each LIBOR Loan, on the last day of the Interest Period with respect thereto, except that, if such Interest Period is longer than three months, interest shall also be paid on the last day of the third month of such Interest Period; and (3) If not sooner paid, then on the Termination Date or such earlier date as the Loans may be due or declared due hereunder.

Interest on. the Loans shall be paid (in an amount set forth in a statement delivered by the Agent to the Borrower, providedPROVIDED, howeverHOWEVER, that the failure of the Agent to deliver such statement shall not limit or otherwise affect the obligations of the Borrower hereunder) in immediately available funds to the Agent at its Principal Office for the account of the applicable Lending Office of each Bank as follows: (1) For each ABR Loan and Swing Line Loan on the first day of each calendar month commencing on the first such date after such Loan; (2) For each LIBOR Loan, on the last day of the Interest Period with respect thereto, except that, if such Interest Period is longer than three months, interest shall also be paid on the last day of the third month of such Interest Period; and (3) If not sooner paid, then on the Termination Date or such earlier date as the Loans may be due or declared due hereunder.

Interest on. the Loans shall be paid (in an amount set forth in a statement delivered by the Agent to the Borrower, providedPROVIDED, howeverHOWEVER, that the failure of the Agent to deliver such statement shall not limit or otherwise affect the obligations of the Borrower hereunder) in immediately available funds to the Agent at its Principal Office for the account of the applicable Lending Office of each Bank as follows: (1) For each ABR Loan and Swing Line Loan on the first day of each calendar month commencing on the first such date after such Loan; (2) For each LIBOR Loan, on the last day of the Interest Period with respect thereto, except that, if such Interest Period is longer than three months, interest shall also be paid on the last day of the third month of such Interest Period; and (3) If not sooner paid, then on the Termination Maturity Date or such earlier date as the Loans may be due or declared due hereunder.