Determining Applicable Loan Rate Sample Clauses

Determining Applicable Loan Rate. During the Initial Rate Period, the Applicable Loan Rate shall be equal to the Prime Rate minus 0.875%. If the Initial Prepayment Date is extended pursuant to Section 4.16(c) hereof, then until the Initial Prepayment Date (as so extended), the Applicable Loan Rate shall, at the option of the Borrower made at the time of such extension, be either (i) equal to the Prime Rate minus 0.875% (the “Floating Rate Option”), or (ii) a fixed rate equal to 70% of the sum of 2.00% plus the Treasury Rate in effect at the time of such extension (the “Fixed Rate Option”), provided that in either case the Applicable Loan Rate shall not be less than 3.15
Determining Applicable Loan Rate. (a) The Series A Loan shall bear interest at an annual interest rate of 3.75% per annum to and including December 1, 2031 (the “Series A Fixed Rate Period”). Following the Series A Fixed Rate Period, the Series A Loan shall bear interest at the LIBOR Index Rate. (b) The Series B Loan shall bear interest at an annual interest rate of 4.05% per annum through the Maturity Date. (c) The Series C Loan shall bear interest at an annual interest rate of 3.00% per annum through the Maturity Date. (d) The Series D Loan shall bear interest at a variable rate of interest equal to the greater of (i) the sum of the Prime Rate plus 0.875% or (ii) 4.00%.