Term Facility. Interest on Base Rate Loans shall be due and payable monthly in arrears on the last Business Day of each month. Interest on LIBOR Rate Loans shall be due and payable in arrears at the end of the applicable Interest Period but, in any event, no less than quarterly.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Air Methods Corp), Revolving Credit and Term Loan Agreement (Air Methods Corp)
Term Facility. Interest on Base Rate Loans shall be due and payable monthly in arrears on the last Business Day of each month. Interest on LIBOR Rate Loans shall be due and payable in arrears at the end of the applicable Interest Period but, in any event, no less than quarterlyevery ninety (90) days.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Air Methods Corp)