Accrual and Payment of Interest and Fees. Each Loan shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to the Applicable LIBOR Rate (or, if not available, the Alternative Interest Rate) for the applicable Interest Period plus the Spread. In addition, Borrower shall pay to the Agent for the account of the Lender, the Commitment Fee. The Commitment Fee shall accrue at all times until the Maturity Date, including at any time during which one or more of the conditions in Section 3(b) is not met. All interest and the Commitment Fee shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein. The Borrower hereby agrees to pay all fees specified in the Fee Letter on the dates set forth in the Fee Letter.
Accrual and Payment of Interest and Fees. Each SOFR Loan shall bear interest on the outstanding principal amount thereof foron each day of each Interest Period at a rate per annum equal to the Term SOFR or the Benchmark Replacement for such Interest Period plus the Applicable Rate and (y) each Base Rate Loan shall bear interest on the outstanding principal amount thereof on each day at a rate per annum equal to 5.625%; provided that for each day that (A) the Borrower fails to cause to be maintained a Loan Rating as required pursuant to Section 5(o) or (B) the Loan Rating is below Investment Grade, each Loan shall bear interest at a rate per annum equal to 6.625%the Base Rate plus the Applicable Rate. All accrued and unpaid interest on the Loans shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein. On the initial Borrowing Date, the Borrower agrees to pay to the Lenders, as compensation for providing the Loan Commitments, a fee in an amount equal to 2.50% of the Loan Commitments (i.e., $625,000), which fee shall take the form of original issue discount and be net funded from the proceeds of the Loans funded on the initial LEGAL_US_E # 171549701.1171549701.5
Accrual and Payment of Interest and Fees. Each Loan shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to the Applicable Rate. On the last day of each Interest Period, the Borrower shall pay all accrued but unpaid interest and fees. If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). (h)
Accrual and Payment of Interest and Fees. (i) Each Loan shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to 6.90%; provided that for each day that (A) the Borrower fails to maintain a rating as required pursuant to Section 5(o) or (B) the Borrower’s rating is below BBB- from Xxxx-Xxxxx Ratings Company or its equivalent from another NRSRO, each Loan shall bear interest at a rate per annum equal to 7.40%. All accrued and unpaid interest on the Loans shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein.
Accrual and Payment of Interest and Fees. Each Loan shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to the Applicable LIBOR Rate (or, if not available as determined in accordance with Section 8(l), as determined by the Lender in its reasonable discretion, the Alternative Interest Rate) for the applicable Interest Period plus the Spread. In addition, Borrower shall pay to the Agent for the account of the Lender, a commitment fee equal to the Commitment Fee. The Commitment Fee shall accrue at all times until the Maturity Date, including at any time during which one or more of the conditions in Section 3(b) is not met. All interest and the commitment fee shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein.
Accrual and Payment of Interest and Fees. (i) Each Loan (other than any outstanding August 2021 Incremental Term Loans, May 2022 Incremental Term Loans and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate) shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to 6.90%. Any outstanding principal amount of August 2021 Incremental Term Loans, May 2022 Incremental Term Loans and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate shall bear interest on for each day at a rate per annum equal to 6.00%. Notwithstanding the foregoing, for each day that (A) the Borrower fails to maintain a rating as required pursuant to Section 5(o) or (B) the Borrower’s rating is below BBB- from Xxxx-Xxxxx Ratings Company or its equivalent from another NRSRO, (x) each Loan (other than any outstanding August 2021 Incremental Term Loans, May 2022 Incremental Term Loans and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate) shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to 7.40% and (y) any outstanding principal amount of August 2021 Incremental Term Loans, May 2022 Incremental Term Loans and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate shall bear interest at a rate per annum equal to 6.50%. All accrued and unpaid interest on the Loans shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein.
Accrual and Payment of Interest and Fees. (i) Each Loan (other than any outstanding August 2021 Incremental Term Loan and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate) shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to 6.90%. Any outstanding principal amount of August 2021 Incremental Term Loan and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate shall bear interest on for each day at a rate per annum equal to 6.00%. Notwithstanding the foregoing, for each day that (A) the Borrower fails to maintain a rating as required pursuant to Section 5(o) or (B) the Borrower’s rating is below BBB- from Xxxx-Xxxxx Ratings Company or its equivalent from another NRSRO, (x) each Loan (other than any outstanding August 2021 Incremental Term Loan and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate) shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to 7.40% and (y) any outstanding principal amount of August 2021 Incremental Term Loan and any outstanding principal amount of Revolving Loans in excess of $3,125,000 in the aggregate shall bear interest at a rate per annum equal to 6.50%. All accrued and unpaid interest on the Loans shall be due and payable on the last day of the applicable Interest Period and at such other times as may be specified herein.
Accrual and Payment of Interest and Fees. (i) Each Loan shall bear interest for each day at a rate per annum equal to the sum of Daily Simple SOFR plus the Spread; provided, however, that if such sum as so determined would be less than zero, such sum shall be deemed to be equal to zero. (ii) The Borrower shall pay to the Agent for the account of the Lender, a commitment fee equal to the Commitment Fee Rate times the actual daily amount by which the Commitment exceeds the Total Outstandings. The commitment fee shall accrue at all times until the Maturity Date, including at any time during which one or more of the conditions in Section 3(b) is not met. (iii) All interest and fees shall be due and payable in arrears on the last Business Day of each calendar month and at such other times as may be specified herein.”
Accrual and Payment of Interest and Fees. (i) Each Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Applicable LIBOR Rate plus the Spread. (ii) The Borrower shall pay to the Agent for the account of the Lender, a commitment fee equal to the Commitment Fee Rate times the actual daily amount by which the Commitment exceeds the Total Outstandings. The commitment fee shall accrue at all times until the Maturity Date, including at any time during which one or more of the conditions in Section 3(b) is not met. (iii) All interest and fees shall be due and payable in arrears on the last Business Day of each calendar month and at such other times as may be specified herein.
Accrual and Payment of Interest and Fees. (i) Each Floating Rate Loan shall bear interest on the outstanding principal amount thereof for each day at a rate per annum equal to the Applicable LIBOR Rate (or, if not available, the Alternative Interest Rate) plus the Spread.
