Accrual and Payment of Interest. Interest on each Borrowing shall accrue from and including the date of such Borrowing to but excluding the date of any prepayment or repayment thereof and shall be payable by the Borrower as follows: # in respect of each Base Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December, # in respect of each Fixed Rate Loan, on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on the dates that are successively three months after the commencement of such Interest Period, # in respect of any Swing Loan, on the Swing Loan Maturity Date applicable thereto, # in respect of

Accrual and Payment of Interest. Interest on each Borrowing shall accrue from and including the date of such Borrowing to but excludinga Loan is advanced or Obligation is incurred or payable, until paid in full by Borrowers. If a Loan is repaid on the date of any prepayment or repayment thereof andsame day made, one day’s interest shall accrue. Interest accrued on the Loans shall be due and payable by the Borrower as follows:in arrears, # in respect offor each Base Rate Loan, quarterly in arrears on the last Business Dayfirst day of each March, June, September and December,month; # in respect offor each Fixed RateLIBOR Loan, on the last day of each Interest Period applicable thereto and, inrelating to such LIBOR Loan; provided, however, if the case of an Interest Period in excess ofon a Loan is six (6) months, then interest shall be paid three months, on the dates that are successively three(3) months after the commencement of such Interest Period, # in respect of any Swing Loan,Loan is made and on the Swinglast day of the Interest Period; # on any date of prepayment, with respect to the principal amount of Loans being prepaid; and # on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Maturity Date applicable thereto, #Documents and, if no payment date is specified, shall be due and payable on demand, in respect of writing. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand, in writing.