Common use of Prime-based Interest Payments Clause in Contracts

Prime-based Interest Payments. Interest on the unpaid principal of all Prime-based Advances of any Term Loan from time to time outstanding shall accrue until paid at a per annum interest rate equal to the Prime-based Rate, and shall be payable in immediately available funds commencing on the first Business Day of the calendar month next succeeding the calendar month during which the initial Advance of such Term Loan is made and on the first Business Day of each month thereafter. Interest accruing at the Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based Rate.

Prime-based Interest Payments. Interest on the unpaid principal balance of all Prime-based Advances of any Term Loan from time to time outstanding shall accrue until paid at a per annum interest rate equal to the Prime-based Rate, and shall be payable in immediately available funds monthly commencing on the first Business Day day of the calendar month quarter next succeeding the calendar month quarter during which the initial Advance of such Term Loan is made and on the first Business Day day of each month calendar quarter thereafter. Interest accruing at the Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based Rate.

Prime-based Interest Payments. Interest on the unpaid principal balance of all Prime-based Advances of any Term Loan from time to time outstanding shall accrue from the date of such Advances until paid paid, at a per annum interest rate equal to the Prime-based Rate, and shall be payable in immediately available funds monthly commencing on the first Business Day of the calendar month next succeeding the calendar month during which the initial Advance of such Term Loan is made and on the first Business Day of each month thereafter. Interest accruing at the Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based Rate.

Prime-based Interest Payments. Interest on the unpaid principal balance of all Prime-based Advances of any Term Loan the Revolving Credit and all Swing Line Advances carried at the Prime-based Rate from time to time outstanding shall accrue until paid from the date of such Advance to the date repaid, at a per annum interest rate equal to the Prime-based Rate, and shall be payable in immediately available funds commencing on the first Business Day of the calendar month next succeeding the calendar month during which the initial Advance of such Term Loan is made October 1, 2003, and on the first Business Day day of each month calendar quarter thereafter. Interest accruing at the Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based Rate.

Prime-based Interest Payments. Interest on the unpaid principal balance of all Prime-based Advances of any Term Loan from time to time outstanding shall accrue until paid at a per annum interest rate equal to the Prime-based Rate, and shall be payable in immediately available funds monthly commencing on the first Business Day day of the calendar month next succeeding the calendar month during which the initial Advance of such Term Loan is made and on the first Business Day day of each month thereafter. Interest accruing at the Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based Rate.