Common use of LIBOR Portions Clause in Contracts

LIBOR Portions. Each LIBOR Portion shall bear interest for each Interest Period selected therefor at a rate per annum determined by adding .70% to the Adjusted LIBOR Rate for such Interest Period, provided that if any LIBOR Portion is not paid when due (whether by lapse of time, acceleration or otherwise) such Portion shall bear interest, whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto, and effective at the end of such Interest Period such LIBOR Portion shall automatically be converted into and added to the Domestic Rate Portion and shall thereafter bear interest at the interest rate applicable to the Domestic Rate Portion after default. Interest on each LIBOR Portion shall be due and payable on the last day of each month and at maturity (whether by lapse of time, acceleration or otherwise) and interest after maturity shall be due and payable upon demand. Anything contained herein to the contrary notwithstanding, the obligation of the Bank to create, continue or effect by conversion any LIBOR Portion shall be conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing, and that the interest rate under this subsection (c) does not exceed the Maximum Rate. Each LIBOR Portion under this Note and other loans outstanding under the family program referred to in Section 1 shall be in a minimum amount of $1,000,000 or such greater amount which is an integral multiple of $100,000.

LIBOR Portions. Each LIBOR Portion shall bear interest (which the relevant Borrower hereby promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum determined by adding .70% the Applicable Margin to the Adjusted LIBOR Rate for such Interest Period, provided that if any LIBOR Portion is not paid when due (whether by lapse of time, acceleration or otherwise) such Portion shall bear interestinterest (which the Borrower hereby promises to pay at the times herein provided), whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto, and effective at the end of such the Interest Period such LIBOR Portion shall automatically be converted into and added to the Domestic Rate Portion and shall thereafter bear interest at the interest rate applicable to the Domestic Rate Portion of the applicable Notes after default. Interest on each LIBOR Portion shall be due and payable on the last day of each month and at maturity (whether by lapse of timeInterest Period applicable thereto and, acceleration or otherwise) and interest after maturity shall be due and payable upon demand. Anything contained herein with respect to the contrary notwithstanding, the obligation of the Bank any Interest Period applicable to create, continue or effect by conversion any a LIBOR Portion shall be conditioned upon in excess of three (3) months, on the fact that at the time no Default or Event of Default shall have occurred and be continuing, and that the interest rate under this subsection (c) does not exceed the Maximum Rate. Each LIBOR Portion under this Note and other loans outstanding under the family program referred to in Section 1 shall be in a minimum amount of $1,000,000 or such greater amount which is an integral multiple of $100,000.date occurring every three

LIBOR Portions. Each LIBOR Portion shall bear interest for each Interest Period selected therefor at a rate per annum determined by adding .70% to the Adjusted LIBOR Rate for such Interest Period, provided that if any LIBOR Portion is not paid when due (whether by lapse of time, acceleration or otherwise) such Portion shall bear interest, whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto, and effective at the end of such Interest Period such LIBOR Portion shall automatically be converted into and added to the Domestic Rate Portion and shall thereafter bear interest at the interest rate applicable to the Domestic Rate Portion after default. Interest on each LIBOR Portion shall be due and payable on the last day of each month and at maturity (whether by lapse of time, acceleration or otherwise) and interest after maturity shall be due and payable upon demand. Anything contained herein to the contrary notwithstanding, the obligation of the Bank to create, continue or effect by conversion any LIBOR Portion shall be conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing, and that the interest rate under this subsection (c) does not exceed the Maximum Rate. Each LIBOR Portion under this Note and other loans outstanding under the Bell family program referred to in Section 1 shall be in a minimum amount of $1,000,000 or such greater amount which is an integral multiple of $100,000.

LIBOR Portions. Each LIBOR Portion shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum determined by adding .70% equal to the Adjusted LIBOR Rate for such Interest PeriodPeriod plus the Applicable Margin, provided that if any LIBOR Portion is not paid when due due, after giving effect to any grace periods (whether by lapse of time, acceleration or otherwise) such Portion shall bear interest, interest (which the Company promises to pay at the times hereinafter provided) whether before or after judgment, for the period from the date such Portion became due and until payment in full thereof thereof, through the end of the Interest Period then applicable thereto at the rate per annum determined by adding two percent (2% %) to the interest rate which would otherwise be applicable thereto, and effective at the end of such Interest Period such LIBOR Portion shall automatically be converted into and added to the Domestic Rate Portion and shall thereafter bear interest at the interest rate applicable to the Domestic Rate Portion after defaultDefault. Interest on each LIBOR Portion shall be due and payable on the last day of each month and at maturity (whether by lapse of timeInterest Period applicable thereto, acceleration or otherwise) and interest after maturity shall be due and payable upon demand. Anything contained herein to the contrary notwithstanding, the obligation of the Bank to create, continue or effect by conversion any LIBOR Portion shall be conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing, and that the interest rate under this subsection (c) does not exceed the Maximum Rate. Each LIBOR Portion under this Note and other loans outstanding under the family program referred to in Section 1 shall be in a minimum amount of $1,000,000 or such greater amount which is an integral multiple of $100,000.