Common use of Cash Interest Clause in Contracts

Cash Interest. The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date until the date the Secured Obligations are paid in full (other than unasserted contingent indemnification obligations) at the Cash Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Cash Interest Rate will float and change on the day the Prime Rate changes from time to time.

Cash Interest. The principal balance of each Term Loan Advance shall bear interest thereon from such the Advance Date thereof until the date the Secured Obligations are paid in full (other than unasserted contingent indemnification obligations) at the Cash Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Cash Term Loan Interest Rate will float and change on the day the Prime Rate prime rate changes from time to time.