The outstanding principal balance of each Term Loan shall bear interest thereon from the Advance Date pertaining thereto at the Term Loan Interest Rate.  Interest on the outstanding principal balance of each Term Loan shall be calculated daily on the basis of a 360-day year and actual days elapsed.  All accrued and unpaid interest on all outstanding Term Loans shall be paid in arrears (i) on the date of, and from the aggregate amount of, any payment made to Lender pursuant to Section 2.1(d)(i) , below, and (ii) on the Term Loan Maturity Date.  If, as of the last Business Day of any month, accrued and unpaid interest has not been paid in full pursuant to Section 2.1(d)(i) , below, such interest then owing shall compound and be capitalized and added to the principal amount of all Term Loans on each such date, until the principal amount of all Term Loans has been repaid or prepaid, and shall be due and payable on the date of repayment or prepayment, as applicable, of the unpaid principal amount of the Term Loans.  For the avoidance of doubt, compounding and capitalization of interest as aforesaid shall not constitute a default for purposes of Section 9.1 until such interest shall fail to be paid on the date of such repayment or prepayment, as applicable.  Any interest owing after the Term Loan Maturity Date shall be due and payable on demand.