Common use of Interest on Term Loan Clause in Contracts

Interest on Term Loan. (a) Except as otherwise provided in §4.10, the outstanding amount of the Term Loan shall bear interest during each Interest Period relating to all or any portion of the Term Loan at the following rates: (i) To the extent that all or any portion of the Term Loan bears interest during such Interest Period at the Base Rate, the Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the Base Rate for such Interest Period plus the Applicable Margin for Term Loans which are Base Rate Loans. (ii) To the extent that all or any portion of the Term Loan bears interest during such Interest Period at the LIBOR Rate, the Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the LIBOR Rate for such Interest Period plus the Applicable Margin for Term Loans which are LIBOR Rate Loans.

Interest on Term Loan. (a) Except as otherwise provided in §4.10, the outstanding amount of the each Term Loan shall bear interest during each Interest Period relating to all or any portion of the such Term Loan at the following rates: (i) To the extent that all or any portion of the a Term Loan bears interest during such Interest Period at the Base Rate, the such Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the Base Rate for such Interest Period plus the Applicable Margin for Term Loans which are Base Rate Loans. (ii) To the extent that all or any portion of the a Term Loan bears interest during such Interest Period at the LIBOR Rate, the such Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the LIBOR Rate for such Interest Period plus the Applicable Margin for Term Loans which are LIBOR Rate Loans.