Common use of Capitalized Interest Clause in Contracts

Capitalized Interest. Interest on the Term Loan shall accrue monthly on the last day of each month so long as any principal under the Term Loan is unpaid. Prior to the date on which the Revolving Credit Agreement is terminated and all obligations thereunder have been finally paid in full or if such interest is not paid on the last day of any month thereafter, interest on the Term Loan shall be capitalized and added to the outstanding principal balance of the Term Loan.