Common use of Interest on Term Loans Clause in Contracts

Interest on Term Loans. (i) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a Base Rate Loan (including with respect to any SOFR Loan converted into a Base Rate Loan pursuant to Section 2.06 or 2.09) made to the Borrower hereunder from the date of Borrowing thereof (or, in the circumstances described in the immediately preceding parenthetical, from the date of conversion of the respective SOFR Loan into a Base Rate Loan) until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a SOFR Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall be equal to the sum of the Applicable Margin plus the Base Rate, as in effect from time to time. (ii) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a SOFR Loan made to the Borrower from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such SOFR Loan to a Base Rate Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the sum of the Applicable Margin plus the applicable Adjusted Term SOFR for such Interest Period. (iii) Upon the occurrence and during the continuance of any Event of Default under Section 11.01(a) (solely with respect to principal, interest or Fees) or 11.01(e) (x) overdue principal and, to the extent permitted by law, overdue interest in respect of each Term Loan shall bear interest at a rate per annum equal to (i) for Base Rate Loans, 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate and (ii) for SOFR Loans, 2.00% per annum in excess of the Applicable Margin for SOFR Loans plus the Adjusted Term SOFR and (y) overdue amounts with respect to any other amounts shall bear interest at a rate per annum equal to 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate, each as in effect from time to time, in each case with such interest to be payable on demand. (iv) Accrued (and theretofore unpaid) interest shall be calculated daily and payable (i) on each Interest Payment Date and (ii) on (w) the date of any conversion of a Term Loan that is a SOFR Loan to a Term Loan that is a Base Rate Loan (on the amount so converted) prior to the last day of the Interest Period applicable thereto, (x) the date of any prepayment or repayment thereof (on the amount prepaid or repaid), (y) at maturity (whether by acceleration or otherwise) and (z) after such maturity, on demand.

Interest on Term Loans. (i) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a Base Rate Loan (including with respect to any SOFR LIBO Rate Loan converted into a Base Rate Loan pursuant to Section 2.06 or 2.09) made to the Borrower hereunder from the date of Borrowing thereof (or, in the circumstances described in the immediately preceding parenthetical, from the date of conversion of the respective SOFR LIBO Rate Loan into a Base Rate Loan) until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a SOFR LIBO Rate Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall be equal to the sum of the Applicable Margin plus the Base Rate, as in effect from time to time. (ii) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a SOFR Loan LIBO Rate made to the Borrower from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such SOFR LIBO Rate Loan to a Base Rate Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the sum of the Applicable Margin plus the applicable Adjusted Term SOFR LIBO Rate for such Interest Period. (iii) Upon the occurrence and during the continuance of any Event of Default under Section 11.01(a) (solely with respect to principal, interest or Fees) or 11.01(e) (x) overdue principal and, to the extent permitted by law, overdue interest in respect of each Term Loan shall bear interest at a rate per annum equal to (i) for Base Rate Loans, 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate and (ii) for SOFR LIBO Rate Loans, 2.00% per annum in excess of the Applicable Margin for SOFR LIBO Rate Loans plus the Adjusted Term SOFR LIBO Rate and (y) overdue amounts with respect to any other amounts shall bear interest at a rate per annum equal to 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate, each as in effect from time to time, in each case with such interest to be payable on demand. (iv) Accrued (and theretofore unpaid) interest shall be calculated daily and payable (i) on each Interest Payment Date and (ii) on (w) the date of any conversion of a Term Loan that is a SOFR LIBO Rate Loan to a Term Loan that is a Base Rate Loan (on the amount so converted) prior to the last day of the Interest Period applicable thereto, (x) the date of any prepayment or repayment thereof (on the amount prepaid or repaid), (y) at maturity (whether by acceleration or otherwise) and (z) after such maturity, on demand.

Interest on Term Loans. (i) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a Base Rate Loan (including with respect to any SOFR LIBO RateSOFR Loan converted into a Base Rate Loan pursuant to Section 2.06 or 2.09) made to the Borrower hereunder from the date of Borrowing thereof (or, in the circumstances described in the immediately preceding parenthetical, from the date of conversion of the respective SOFR LIBO RateSOFR Loan into a Base Rate Loan) until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a SOFR LIBO RateSOFR Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall be equal to the sum of the Applicable Margin plus the Base Rate, as in effect from time to time. (ii) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a SOFR LIBO RateSOFR Loan made to the Borrower from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such SOFR LIBO RateSOFR Loan to a Base Rate Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the sum of the Applicable Margin plus the applicable Adjusted LIBO RateAdjusted Term SOFR for such Interest Period. (iii) Upon the occurrence and during the continuance of any Event of Default under Section 11.01(a) (solely with respect to principal, interest or Fees) or 11.01(e) (x) overdue principal and, to the extent permitted by law, overdue interest in respect of each Term Loan shall bear interest at a rate per annum equal to (i) for Base Rate Loans, 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate and (ii) for SOFR LIBO RateSOFR Loans, 2.00% per annum in excess of the Applicable Margin for SOFR LIBO RateSOFR Loans plus the Adjusted LIBO RateAdjusted Term SOFR and (y) overdue amounts with respect to any other amounts shall bear interest at a rate per annum equal to 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate, each as in effect from time to time, in each case with such interest to be payable on demand. (iv) Accrued (and theretofore unpaid) interest shall be calculated daily and payable (i) on each Interest Payment Date and (ii) on (w) the date of any conversion of a Term Loan that is a SOFR LIBO RateSOFR Loan to a Term Loan that is a Base Rate Loan (on the amount so converted) prior to the last day of the Interest Period applicable thereto, (x) the date of any prepayment or repayment thereof (on the amount prepaid or repaid), (y) at maturity (whether by acceleration or otherwise) and (z) after such maturity, on demand.

Interest on Term Loans. (i) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a Base Rate Loan (including with respect to any SOFR LIBO Rate Loan converted into a Base Rate Loan pursuant to Section 2.06 or 2.09) made to the Borrower hereunder from the date of Borrowing thereof (or, in the circumstances described in the immediately preceding parenthetical, from the date of conversion of the respective SOFR LIBO Rate Loan into a Base Rate Loan) until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a SOFR LIBO Rate Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per annum which shall be equal to the sum of the Applicable Margin plus the Base Rate, as in effect from time to time. (ii) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Term Loan that is a SOFR LIBO Rate Loan made to the Borrower from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such SOFR LIBO Rate Loan to a Base Rate Loan pursuant to Section 2.06 2.09 or 2.093.01, as applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the sum of the Applicable Margin plus the applicable Adjusted Term SOFR LIBO Rate for such Interest Period. (iii) Upon the occurrence and during the continuance of any Event of Default under Section 11.01(a) (solely with respect to principal11.01, interest or Fees) or 11.01(e) (x) overdue principal and, to the extent permitted by law, overdue interest in respect of each Term Loan shall bear interest at a rate per annum equal to (i) for Base Rate LoansLoans and associated interest, 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate and Rate, (ii) for SOFR LoansLIBO Rate Loans and associated interest, 2.00% per annum in excess of the Applicable Margin for SOFR LIBO Rate Loans plus the Adjusted Term SOFR LIBO Rate and (yiii) overdue amounts with respect to any other amounts shall bear interest at a rate per annum equal to fees, 2.00% per annum in excess of the Applicable Margin for Base Rate Loans plus the Base Rate, each as in effect from time to time, in each case with such interest to be payable on demand. (iv) Accrued (and theretofore unpaid) interest shall be calculated daily and payable (i) in respect of each Base Rate Loan, quarterly in arrears on each Interest Quarterly Payment Date and on the applicable Maturity Date, (ii) in respect of each LIBO Rate Loan, on (wx) the date of any conversion of a Term Loan that is a SOFR Loan to a Term Loan that is thereof into a Base Rate Loan Loan, pursuant to Section 2.09 or 3.01(b), as applicable (on the amount so converted) prior to and (y) the last day of the each Interest Period applicable theretothereto and, in the case of an Interest Period in excess of three months, on each date occurring at three- month intervals after the first day of such Interest Period and (iii) in respect of each Term Loan, on (x) the date of any prepayment or repayment thereof (on the amount prepaid or repaid), (y) at maturity (whether by acceleration or otherwise) and (z) after such maturity, on demand. (v) Upon each Interest Determination Date, the applicable Base Rate or LIBO Rate shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error.