Interest accrued on the principal amount of any Loan shall be payable in arrears (i) at maturity (whether by acceleration or otherwise), and (ii) (x) if such Loan has an Interest Period of one week or one month, on the last day of each Interest Period applicable to such Loan, and (y) if such Loan has an Interest Period longer than one month, every three months during such Interest Period following the date on which such Loan is made ( provided that subject to the proviso set forth in the definition of “Interest Period”, if any such three-month date is a day that is not a Business Day, such three-month date shall be extended to the next succeeding Business Day, unless the result of such extension would be to extend such three-month date into the next calendar month, in which case such three-month date shall be the immediately preceding Business Day).