Interest on Swing Loans

Example Definitions of "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.
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