Common use of Interest Rates, Interest Payment Dates; Interest and Fee Basis Clause in Contracts

Interest Rates, Interest Payment Dates; Interest and Fee Basis. (a) Each Floating Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted from a Eurocurrency Loan into a Floating Rate Loan pursuant to Section 2.7 to but excluding the date it becomes due or is converted into a Eurocurrency Loan pursuant to Section 2.7 hereof, at a rate per annum equal to the Floating Rate for such day. Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such Interest Period. Each Swing Loan shall bear interest at such rate as is agreed upon between the applicable Borrower and the Swing Lender.

Interest Rates, Interest Payment Dates; Interest and Fee Basis. (a) Each Floating Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted from a Eurocurrency Eurodollar Loan into a Floating Rate Loan pursuant to Section 2.7 2.8 to but excluding the date it becomes due or is converted into a Eurocurrency Eurodollar Loan pursuant to Section 2.7 2.8 hereof, at a rate per annum equal to the Floating Rate for such day. Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period. Each Swing Floating Rate Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Floating Rate for such rate as is agreed upon between the applicable Borrower and the Swing Lenderday.