Common use of Repayment of Loans and Interest Clause in Contracts

Repayment of Loans and Interest. (a) Accrued and unpaid interest on each outstanding Base Rate Loan shall be due and payable on July 31, 1999, August 31, 1999 and September 30, 1999. Accrued and outstanding interest on each LIBO Rate Loan shall be due and payable on the last day of the Interest Period for such LIBO Rate Loan and, in the case of any Interest Period for LIBO Rate Loans which is in excess of one month, on the last day of each calendar month following the commencement of such Interest Period, the payment in each instance to be the amount of interest which has accrued and remains unpaid in respect of the relevant Loan. Notwithstanding the Notice of Default and subject to Section 2.20 of the Credit Agreement, Loans shall bear interest at the Adjusted Base Rate for each Base Rate Loan and the Adjusted LIBO Rate for each LIBO Rate Loan; provided that, for purposes of determining the Adjusted Base Rate and Adjusted LIBO Rate for Tranche A Loans, the term "Applicable Margin" shall have the meaning set forth in Section 2.1 of this Agreement.

Repayment of Loans and Interest. (a) Accrued and unpaid interest on each outstanding Base Rate Loan shall be due and payable on July 31, 1999, August 31, 1999 and September 30, 1999. Accrued and outstanding interest on each LIBO Rate Loan shall be due and payable on the last day of the Interest Period for such LIBO Rate Loan and, in the case of any Interest Period for LIBO Rate Loans which is in excess of one month, on the last day of each calendar month following the commencement of such Interest Period, the payment in each instance to be the amount of interest which has accrued and remains unpaid in respect of the relevant Loan. Notwithstanding the Notice of Default and subject to Section 2.20 of the Credit Agreement, Loans shall bear interest at the Adjusted Base Rate for each Base Rate Loan and the Adjusted LIBO Rate for each LIBO Rate Loan; provided that, for purposes of determining the Adjusted Base Rate and the Adjusted LIBO Rate for Tranche A LoansRate, the term "Applicable Margin" shall have the meaning set forth in Section 2.1 of this Agreement.