Interest on Swing Loans

Interest on Swing Loans. The outstanding principal amount of each Swing Loan shall bear interest from the date of the Borrowing at a rate per annum that shall be equal to the Quoted Rate applicable thereto. Each Swing Loan shall bear interest for a minimum of one day. Interest accrued on all Swing Loans shall be paid on the last day of each month and on the Revolving Facility Termination Date.