Contract Rate Loans. If such Advance is a Contract Rate Loan, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) Term SOFR, the BA Rate or the applicable Alternative Currency Term Rate, as applicable, for such Interest Period plus (y) the respective Applicable Margin in effect from time to time, payable on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period.
Contract Rate Loans. Borrowers will pay interest on the unpaid principal amount of each Contract Rate Loan made to Borrowers for each day from the day such Loan was made until such Loan is paid (whether at maturity, by reason of acceleration or otherwise), or is converted to a Loan of a different Type, at a rate per annum equal to the lesser of (A) the Maximum Rate, or (B) the Contract Rate, payable monthly in arrears on each Interest Payment Date and on the Termination Date.
