Common use of Interest Rates for Loans Clause in Contracts

Interest Rates for Loans. (a) Subject to Section 10.6 hereof, the Notes shall bear interest on their respective outstanding principal balances at the Alternate Base Rate; provided, that (1) all principal outstanding, whether then due and payable, after the occurrence of an Event of Default which has not been cured to the satisfaction of the Agent and the Required Lenders or waived in writing by the Agent and the Required Lenders shall bear interest at the Default Rate, which shall be due and payable upon demand, (2) past due principal and interest shall bear interest at the Default Rate, which shall be payable on demand, and (3) subject to the provisions hereof, the Borrower shall have the option of having all or any portion of the principal balances from time to time outstanding under the Notes (other than Swingline Loans) bear interest until their respective maturities at a rate per annum equal to the Adjusted LIBOR Rate (together with the Alternate Base Rate, individually herein called an “Interest Option” and collectively called “Interest Options”). The records of the Agent, with respect to Interest Options, Interest Periods and the amounts of Loans to which they are applicable shall be binding and conclusive, absent manifest error. Interest on the Loans shall be calculated at the Alternate Base Rate, except where it is expressly provided pursuant to this Agreement that the Adjusted LIBOR Rate is to apply.

Interest Rates for Loans. (a) Subject to Section 10.6 8.01 hereof, the Notes outstanding principal balance of the Loans shall bear interest on their respective outstanding principal balances and after the date of this Agreement at the Alternate Base Rate; provided, that (1) all principal outstanding, whether then due and payable, outstanding after the occurrence of an Event of Default which has not been cured to the satisfaction of the Agent and the Required Lenders or waived in writing by the Agent and the Required Lenders Lender shall bear interest at the Default Rate, which shall be due and payable upon demand, (2) past due principal and interest shall bear interest at the Default Rate, which shall be payable on demand, and (3) subject to the provisions hereof, the Borrower shall have the option of having all or any portion of the principal balances from time to time outstanding under the Notes (other than Swingline Loans) Loans bear interest until their respective maturities at a rate per annum equal to the Adjusted LIBOR Rate (together with the Alternate Base Rate, individually herein called an “Interest Option” and collectively called “Interest Options”). The records of the AgentLender, with respect to Interest Options, Interest Periods and the amounts of the Loans to which they are applicable shall be binding and conclusive, absent manifest error. Interest on the Loans shall be calculated at the Alternate Base Rate, except where it is expressly provided pursuant to this Agreement that the Adjusted LIBOR Rate is to apply.

Interest Rates for Loans. (a) Subject to Section 10.6 hereof, the Notes The Note shall bear interest on their respective its outstanding principal balances balance at the Alternate Base Rate; provided, that (1) all principal outstanding, whether then due and payable, outstanding after the occurrence of an Event of Default which has not been cured to the satisfaction of the Agent and the Required Lenders Lender or waived in writing by the Agent and the Required Lenders Lender shall bear interest at the Default Past Due Rate, which shall be due and payable upon demand, (2) all past due principal and interest shall bear interest at the Default Past Due Rate, which shall be payable on demand, and (3) subject to the provisions hereof, the Borrower shall have the option of having all or any portion of the principal balances from time to time outstanding under the Notes (other than Swingline Loans) Note bear interest until their respective maturities its maturity at a rate per annum equal to the Adjusted LIBOR Rate (together with the Alternate Base Rate, individually herein called an “Interest Option” "INTEREST OPTION" and collectively called “Interest Options”"INTEREST OPTIONS"). The records of the AgentLender, with respect to Interest Options, Interest Periods and the amounts of Loans to which they are applicable shall be binding and conclusive, absent manifest error. Interest on the Loans shall be calculated at the Alternate Base Rate, except where it is expressly provided pursuant to this Agreement that the Adjusted LIBOR Rate is to apply.