Amendment to Interest Rate. Effective as of the Effective Date, Section 1(b) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Amendment to Interest Rate. Section 2.3(b) of the Loan Agreement is amended by deleting the existing version thereof and replacing it with the following amended and restated version thereof:
Amendment to Interest Rate. The interest rate is hereby amended from four percent (4%) to six percent (6%) retroactive to April 19, 2017.
Amendment to Interest Rate. (i) Notwithstanding anything contained to the contrary in the Facility Documents or in any Supplementary Agreement (more specifically set out in Clause (e) of Appendix 1 hereto), the Borrower agrees and undertakes that the amendments to the Schedule of the Facility Agreement as set out in Appendix 2 shall be effective, on and from the date of this Agreement, or the date of receipt/ realisation of funds, by ICICI Bank, relating to the conversion fee set out in Clause E(iii) of Appendix 2 hereto, outstanding EMI and/or PEMII if any, whichever is later (“Relevant Date”).
(ii) The Borrower agrees, acknowledges and confirms that:
a. Appendix 2 shall hereinafter prevail in the event of any conflict between the Facility Agreement and Appendix 2, in respect of the contents of Appendix 2;
b. he/ she has understood the effect of the modifications opted for in Appendix 2 ions selected; and
c. the modifications opted for by ticking the relevant check boxes in Appendix 2 are binding on the Borrower.
Amendment to Interest Rate. The first full paragraph on page 1 of the Term Note is hereby amended by deleting the reference to "1.50%" contained therein and substituting "1.00%" in lieu thereof.
Amendment to Interest Rate. The Indenture and each Security and Exhibit A-2 to the Indenture are hereby amended by changing each reference to the percentage "12%" to the percentage "13%". In addition, each Security and Exhibit A-2 to the Indenture are hereby amended by changing the percentage "14%" contained in paragraph 1 thereof to the percentage "15%".
Amendment to Interest Rate. The clause in Section 2 of the Schedule to Loan and Security Agreement that currently reads as follows: Interest Rate (Section 1.2):
Amendment to Interest Rate. The second full paragraph of each of the Notes hereby is amended, effective as of the Closing, to provide that as of the date of the Closing interest shall accrue on the unpaid principal amount of each Note at a rate equal to 7.00% per annum.
Amendment to Interest Rate. The interest rate on the Note shall be increased from a fixed rate of 14% per annum to a fixed rate of 18% per annum.
Amendment to Interest Rate. Section 5 of the Fourth Amendment to Construction and Term Loan Agreement dated as of July 18, 1997, is amended to read entirely as follows: INTEREST RATE FOR TERM LOAN. The parties acknowledge the Borrower has selected Option No. 2 as the interest rate for the term loan pursuant to Section 3.5 of the Agreement. Accordingly, for a period of five years from the date of the Loan conversion, interest shall be fixed at an annual rate of 8.88%, which rate is equal to 275 basis points above the five-year Treasury Bill xxxe on the date of the Loan conversion. The interest rate shall be adjusted in accordance with the Agreement five years from the Loan conversion date.
