Common use of Prime Rate Advances Clause in Contracts

Prime Rate Advances. During such periods as such Advance is a Prime Rate Advance, a rate per annum equal at all times to the Prime Rate in effect from time to time plus, following the Revolving Commitment Termination Date, as additional interest in lieu of the facility fee, the Facility Fee Percentage in effect from time to time, payable quarterly in arrears on the last day of each March, June, September and December during such periods and on the date such Prime Rate Advance shall be Continued or due (whether at stated maturity, by acceleration or otherwise).

Prime Rate Advances. During such periods as such Advance is a Prime Rate Advance, a rate per annum equal at all times to the sum of (x) the Prime Rate in effect from time to time plus, following PLUS (y) the Revolving Commitment Termination Date, as additional interest in lieu of the facility fee, the Facility Fee Percentage Applicable Margin for such Advance in effect from time to time, payable quarterly in arrears quarterly on the last day Business Day of each March, June, September and December during such periods and on the date such Prime Rate Advance shall be Continued Converted or due (whether at stated maturity, by acceleration or otherwise)paid in full.