Common use of Interest on Escrowed Term Loans Clause in Contracts

Interest on Escrowed Term Loans. Except as otherwise provided in Section 2.06(c) or the last sentence of this clause (c), for the Escrow Period, including the first day but excluding the last day of such period, the Escrowed Term Loans shall bear interest at a rate per annum equal to the Eurodollar Rate for an Interest Period of one month plus the Applicable Margin applicable to Aleris Incremental Term Loans. If the Escrowed Amounts are funded by the Escrow Agent on the Aleris Acquisition Closing Date in accordance with clause (f) below, then such Interest Period shall continue and shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.06(d) and Section 2.14, and future Interest Periods shall be subject to Section 2.08. If the Escrowed Amounts are returned to the Aleris Incremental Term Lenders in accordance with clause (g)(i) below, then accrued interest on Escrowed Amounts shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.14 no later than the date that is 5 Business Days after the end of the Escrow Period. The Administrative Agent shall distribute payments received under this clause (c) in accordance with Section 2.14. If the Escrowed Amounts are returned to an Aleris Incremental Term Lender in accordance with clause (g)(ii) below, then, notwithstanding anything in this clause (c) or any other provision in any Loan Document to the contrary, the Residual Returned Amounts of such Aleris Incremental Term Lender shall not accrue interest, and shall not obtain the benefit of Section 2.13.

Interest on Escrowed Term Loans. Except as otherwise provided in Section 2.06(c) or the last sentence of this clause (c), for the Escrow Period, including the first day but excluding the last day of such period, the Escrowed Term Loans shall bear interest at a rate per annum equal to the Eurodollar Rate Term SOFR for an Interest Period of one month plus the Applicable Margin applicable to Aleris Incremental Term Loans. If the Escrowed Amounts are funded by the Escrow Agent on the Aleris Acquisition Closing Date in accordance with clause (f) below, then such Interest Period shall continue and shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.06(d) and Section 2.14, and future Interest Periods shall be subject to Section 2.08. If the Escrowed Amounts are returned to the Aleris Incremental Term Lenders in accordance with clause (g)(i) below, then accrued interest on Escrowed Amounts shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.14 no later than the date that is 5 Business Days after the end of the Escrow Period. The Administrative Agent shall distribute payments received under this clause (c) in accordance with Section 2.14. If the Escrowed Amounts are returned to an Aleris Incremental Term Lender in accordance with clause (g)(ii) below, then, notwithstanding anything in this clause (c) or any other provision in any Loan Document to the contrary, the Residual Returned Amounts of such Aleris Incremental Term Lender shall not accrue interest, and shall not obtain the benefit of Section 2.13.

Interest on Escrowed Term Loans. Except as otherwise provided in Section 2.06(c) or the last sentence of this clause (c), for the Escrow Period, including the first day but excluding the last day of such period, the Escrowed Term Loans shall bear interest at a rate per annum equal to the Eurodollar Rate RateTerm SOFR for an Interest Period of one month plus the Applicable Margin applicable to Aleris Incremental Term Loans. If the Escrowed Amounts are funded by the Escrow Agent on the Aleris Acquisition Closing Date in accordance with clause (f) below, then such Interest Period shall continue and shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.06(d) and Section 2.14, and future Interest Periods shall be subject to Section 2.08. If the Escrowed Amounts are returned to the Aleris Incremental Term Lenders in accordance with clause (g)(i) below, then accrued interest on Escrowed Amounts shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.14 no later than the date that is 5 Business Days after the end of the Escrow Period. The Administrative Agent shall distribute payments received under this clause (c) in accordance with Section 2.14. If the Escrowed Amounts are returned to an Aleris Incremental Term Lender in accordance with clause (g)(ii) below, then, notwithstanding anything in this clause (c) or any other provision in any Loan Document to the contrary, the Residual Returned Amounts of such Aleris Incremental Term Lender shall not accrue interest, and shall not obtain the benefit of Section 2.13.

Interest on Escrowed Term Loans. Except as otherwise provided in Section 2.06(c) or and the last sentence of this clause (c), for the Escrow Period, including the first day but excluding the last day of such period, the Escrowed Term Loans shall bear interest at a rate per annum equal to the Eurodollar Rate for an Interest Period of one month plus the Applicable Margin applicable to Aleris Incremental Term LoansMargin. If the Escrowed Amounts are funded by the Escrow Agent on the Aleris Acquisition Closing Date in accordance with clause (f) below, then such Interest Period shall continue and shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.06(d) and Section 2.14, and future Interest Periods shall be subject to Section 2.08. If the Escrowed Amounts are returned to the Aleris Incremental Term Lenders in accordance with clause (g)(i) below, then accrued interest on Escrowed Amounts Term Loans shall be payable in Dollars by the applicable Co-Borrower to the Administrative Agent in arrears in accordance with Section 2.14 no later than the date that is 5 Business Days after the end of the Escrow Period. The Administrative Agent shall distribute payments received under this clause (c) in accordance with Section 2.14. If the Escrowed Amounts are returned to an Aleris Incremental Term a Lender in accordance with clause (g)(ii) below, then, notwithstanding anything in this clause (c) or any other provision in any Loan Document to the contrary, the Residual Returned Amounts of such Aleris Incremental Term Lender shall not accrue interest, and shall not obtain the benefit of Section 2.13.. 1066931.03C-XXXXX000000000.04-CHISR02A - MSW