“Interest Accrual Period” shall mean the period beginning on (and including) the fifteenth (15th) day of each calendar month during the term of the Loan and ending on (and including) the fourteenth (14th) day of the next succeeding calendar month. No Interest Accrual Period shall be shortened by reason of any payment of the Loan prior to the expiration of such Interest Accrual Period.

“Interest Accrual Period” shall mean the period beginning on the first day of each calendar month during the term of the Loan and ending on (and including) the last day of such calendar month; provided, however, the Interest Accrual Period for the period occurring prior to the first day of each calendar month immediately succeeding the Closing Date shall be the period beginning on Closing Date and ending on (and including) the last day of such calendar month in which the Closing Date occurs.