Common use of Payments Not at End of Interest Period Clause in Contracts

Payments Not at End of Interest Period. If the Borrower for any reason makes any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant to Section 2.2(a) or 2.6, the Borrower shall pay to the Agent, for the account of the Banks, an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- 360 L = amount payable to the Agent R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. Failure to Borrow. If the Borrower for any reason makes any payment of principal with respect to any LIBOR Rate Loan is made on any day other than prior to the last day of the Interest Period applicable to such LIBOR Rate Loan or, after having given a Notice of Borrowing with respect to any Revolving Credit Loan to be comprised of LIBOR Revolving Credit Loans or a Notice of Conversion or Continuation with respect to any Loan to be continued as or converted into a LIBOR Loan, including without limitation by reason of acceleration, such Loan is not made or fails is not continued as or converted into a LIBOR Loan due to the Borrower's failure to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant or to Section 2.2(a) or 2.6fulfill the applicable conditions set forth in ARTICLE 4, the Borrower shall pay to the AgentLender, for the account of the Banksin addition to any other amounts that may be due under this Agreement, an amount (if a positive number) computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) x P x D --------------- 360 L = amount payable to the Agent R = interest rate on such applicable to the LIBOR Rate Loan unborrowed or prepaid T = effective interest rate per annum at which any readily marketable bond bonds or other obligation obligations of the United States, selected in at the AgentLender's sole discretion, maturing on or near the last day of the then applicable or requested Interest Period of for such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan Loan, can be purchased by the Agent Lender on the day of such payment of principal or failure to borrow P = the amount of principal prepaid paid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.Loan

Payments Not at End of Interest Period. If the Borrower for any reason makes any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the an Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow or continue or convert to a LIBOR Rate Loan after electing giving a LIBOR Pricing Option with respect thereto Notice of Borrowing or Conversion pursuant to Section 2.2(a) or 2.62.4, the Borrower shall pay to the Agent, Administrative Agent for the account respective accounts of the Banks, Banks an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) x P x D --------------- 360 L = amount payable to the Administrative Agent for the accounts of the Banks R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in at the Administrative Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Administrative Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower shall pay such amount upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof (in reasonable detail) pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. If the Borrower Borrowers -------------------------------------- for any reason makes make any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails fail to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant to Section 2.2(a) or 2.62.5, the Borrower Borrowers, jointly and severally, shall pay to the Agent, for the account of the BanksBank, an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) x P x D --------------- 360 L = amount payable to the Agent Bank R = the effective rate of interest rate on such LIBOR Rate Loan T = the effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in the AgentBank's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent Bank on the day of such payment of principal or failure to borrow P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower Borrowers shall pay such amount upon presentation by the Agent Bank of a statement setting forth the amount and the AgentBank's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. If the Borrower for -------------------------------------- any reason makes any payment of principal with respect to any Sterling LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such Sterling LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow a LIBOR Rate Loan Revolving Credit Advance after electing serving a LIBOR Pricing Option Notice of Revolving Credit with respect thereto pursuant to Section 2.2(a) or 2.62.7, the Borrower shall pay to the Agent, for Bank (i) any customary fixed administrative fee imposed by the account of the Banks, Bank and (ii) an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- 360 R - T) x P x D --------------- 365 L = amount payable to the Agent Bank R = the effective rate of interest rate on such Sterling LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United Statesobligation, selected in the AgentBank's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Sterling LIBOR Rate Loan and in approximately the same amount as such Sterling LIBOR Rate Loan can be purchased by the Agent Bank on the day of such payment of principal or failure to the effective interest rate per annum at which any readily marketable bond or borrow P = the amount of principal prepaid or the amount of the requested Sterling LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower shall pay such amount upon presentation by the Agent Bank of a statement setting forth the amount and the AgentBank's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. If the Borrower Borrowers for any -------------------------------------- reason makes make any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the an Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails fail to borrow or continue or convert to a LIBOR Rate Loan after electing giving a LIBOR Pricing Option with respect thereto Notice of Borrowing or Conversion pursuant to Section 2.2(a) 2.2, or 2.6if any LIBOR Loan is accelerated pursuant to Section 7.2(b), the Borrower Borrowers, jointly and severally, shall pay to the Agent, for the account ratable accounts of the BanksLenders, an amount computed pursuant to the following formula: . L = (R-T)xPxD ---------- R - T) x P x D -------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in at the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow or continue P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. If the Borrower Borrowers for any reason makes make any payment of principal with respect to any LIBOR Rate Eurodollar Loan on any day other than the last day of the an Interest Period applicable to such LIBOR Rate Eurodollar Loan, including without limitation by reason of acceleration, or fails fail to borrow or continue or convert to a LIBOR Rate Eurodollar Loan after electing giving a LIBOR Pricing Option with respect thereto Notice of Borrowing or Conversion pursuant to Section 2.2(a) or 2.62.4, the Borrower Borrowers shall pay to the Agent, Administrative Agent for the account respective accounts of the Banks, Banks an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) X P X D --------------- 360 L = amount payable to the Administrative Agent for the accounts of the Banks R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in at the Administrative Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Administrative Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower Borrowers shall pay such amount upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. If the a Borrower for any reason makes any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant to Section 2.2(a) or 2.62.8, the Borrower Borrowers, jointly and severally, shall pay to the Agent, for the account of the Banks, an amount computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) X P X D --------------- 360 L = amount payable to the Agent R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.

Payments Not at End of Interest Period. Failure to Borrow. If the Borrower for any reason makes any payment of principal principai with respect to any LIBOR Eurodollar Rate Loan is made on any day other than prior to the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan or, after having given a Notice of Borrowing with respect to any Eurodollar Rate Revolving Credit Loan or a Notice of Conversion or Continuation with respect to any Loan to be continued as or converted into a Eurodollar Rate Loan, including without limitation by reason of acceleration, such Loan is not made or fails is not continued as or converted into a Eurodollar Rate Loan due to the Borrowers' failure to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant or to Section 2.2(a) or 2.6fulfill the applicable conditions set forth in Article 5, the Borrower Borrowers shall pay to the Agenteach Lender, for the account of the Banksin addition to any amounts that may be due under Section 4.10, an amount (if a positive number) computed pursuant to the following formula: L = (R-T)xPxD ---------- R - T) x Px D / 360 L = L= amount payable R= interest rate applicable to the Agent R = interest rate on such LIBOR Eurodollar Rate Loan T = unborrowed or prepaid T= effective interest rate per annum at which any readily marketable bond bonds or other obligation obligations of the United States, selected in at the Agent's sole discretion, maturing on or near the last day of the then applicable or requested Interest Period of for such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan Loan, can be purchased by the Agent such Lender on the day of such payment of principal or failure to borrow P = P= the amount of principal prepaid paid or the amount of the requested LIBOR Rate Loan D = D= the number of days remaining in the Interest Period as of the date of such payment or the number of days of in the requested Interest Period The Borrower Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.