Common use of Interest on the Advances Clause in Contracts

Interest on the Advances. Subject to Section 3.02, all outstanding Advances shall bear interest (from and including the date on which such Advance is made to and including the date on which such Advance is repaid) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule; provided that, following the occurrence and during the continuance of an Event of Default, all outstanding Advances and any unpaid interest thereon shall bear interest (from and including the date of such Event of Default to and including the applicable date on which each such Advance is repaid) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus the Adjusted Applicable Margin ; provided further that, for purposes of this Section 3.01(b), (x) if the aggregate amount of outstanding Advances at any time is less than the Minimum Funding Amount, the amount of outstanding Advances at such time shall be deemed to equal the Minimum Funding Amount and (y) if the aggregate amount of outstanding Advances is less than the Minimum Funding Amount due to the prepayment of outstanding Advances pursuant to Section 4.03(c)(i)(C) following the last day of the Non-Call Period, the interest rate in respect of the amount of such shortfall shall be the Applicable Margin for Advances set forth on the Transaction Schedule. Notwithstanding anything else herein, interest due and payable pursuant to Section 4.05(b) with respect to an Advance for which the One Month XXXXX - 44 - Adjustment has been selected shall be payable on the fifteenth (15th) calendar day of each month during which an Interest Payment Date does not occur and the related Calculation Period Start Date and Calculation Period shall each be monthly.

Interest on the Advances. Subject to Section 3.02, all outstanding Advances shall bear interest (from and including the date on which such Advance is made to and including the date on which such Advance is repaidmade) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus plus, in each case, the Applicable Margin for Advances set forth on the Transaction Schedule; provided that, following the occurrence and during the continuance of an Event of DefaultDefault pursuant to clause (a), (d), (e) or (f) of Article VII, all outstanding Advances and any accrued and unpaid interest thereon shall bear interest (from and including the date of such Event of Default to and including the applicable date on which each such Advance is repaidDefault) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus plus, in each case, the Adjusted Applicable Margin Margin; provided further that, solely for purposes of this Section 3.01(b), (x) if the aggregate amount of outstanding Advances at any time is less than the Minimum Funding Amount, the amount of outstanding Advances at such time shall be deemed to equal the Minimum Funding Amount and (y) if the aggregate amount of outstanding Advances is less than the Minimum Funding Amount due to the prepayment of outstanding Advances pursuant to Section 4.03(c)(i)(C) following the last day of the Non-Call Period, the interest rate in respect of the positive difference between the Minimum Funding Amount and the aggregate outstanding amount of such shortfall the Advances shall be deemed to be the Applicable Margin for Advances set forth on the Transaction Schedule. Notwithstanding anything else hereinSchedule (or, interest due and if applicable pursuant to the first proviso above, the Adjusted Applicable Margin) minus the per annum rate payable in respect of commitment fees pursuant to Section 4.05(b) 4.03(d). For purposes of the foregoing, Reference Rate for each Calculation Period with respect to an Advance for which the One Month Daily Simple XXXXX - 44 - Adjustment has been selected shall be payable the weighted average of such Reference Rate as determined on the fifteenth (15th) calendar each day of each month during which an Interest Payment Date does not occur and the related such Calculation Period Start Date and Calculation Period shall each be monthlyin respect of Tranche A Advances denominated in GBP.

Interest on the Advances. Subject to Section 3.023.01(h), all outstanding Advances shall bear interest (from and including the date on which such Advance is made to and including but excluding the Maturity Date or, if earlier, the date on which such Advance is repaid) at a per annum rate equal to the applicable Reference Term SOFR Rate for each Calculation Period (or, if a Base Rate Advance, at the applicable Base Rate for the relevant period) in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule; provided that, following the occurrence and during the continuance of an Event of Default, all outstanding Advances and any unpaid interest thereon shall bear interest (from and including the date of such Event of Default to and including but excluding the applicable Maturity Date or, if earlier, the date on which each such Advance is repaid) at a per annum rate equal to the applicable Reference Term SOFR Rate for each Calculation Period (or, if a Base Rate Advance, at the applicable Base Rate for the relevant period) in effect plus the Adjusted Applicable Margin Margin; provided further that, for purposes of this Section 3.01(b), (x) if any day on which the aggregate principal amount of outstanding Advances at any time is less than the Minimum Funding Amount, the amount of outstanding Advances at such time shall be deemed to equal the Minimum Funding Amount and (y) if the aggregate amount of outstanding Advances is less than the Minimum Funding Amount due to specified in the prepayment of outstanding Advances pursuant to Section 4.03(c)(i)(C) following the last day definition of the Non-Call Periodterm Minimum Funding Amount, then the Company shall owe the Lenders interest rate in respect of on the amount of such shortfall shall be difference at a per annum rate equal to the Applicable Margin for Advances set forth on the Transaction Schedule. Notwithstanding anything else herein, interest due and Schedule minus the per annum rate payable in respect of commitment fees pursuant to Section 4.05(b) with respect to an Advance for which 4.03(d). Except as provided under Section 4.03(c), the One Month XXXXX - 44 - Adjustment has been selected amount of such accrued interest shall be payable on the fifteenth (15th) calendar day of each month during which an Interest Payment Date does not occur and in accordance with the related Calculation Period Start Date and Calculation Period shall each be monthlyPriority of Payments.

Interest on the Advances. Subject to Section 3.02, all outstanding Advances shall bear interest (from and including the date on which such Advance is made to and including the date on which such Advance is repaid) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule; provided that, following the occurrence and during the continuance of an Event of Default, all outstanding Advances and any unpaid interest thereon shall bear interest (from and including the date of such Event of Default to and including the applicable date on which each such Advance is repaid) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus the Adjusted Applicable Margin ; provided further that, for purposes of this Section 3.01(b), (x) if the aggregate amount of outstanding Advances at any time is less than the Minimum Funding Amount, the amount of outstanding Advances at such time shall be deemed to equal the Minimum Funding Amount and (y) if the aggregate amount of outstanding Advances is less than the Minimum Funding Amount due to the prepayment of outstanding Advances pursuant to Section 4.03(c)(i)(C) following the last day of the Non-Call Period, the interest rate in respect of the amount of such shortfall shall be the Applicable Margin for Advances set forth on the Transaction Schedule. Notwithstanding anything else herein, interest due and payable pursuant to Section 4.05(b) with respect to an Advance for which the One Month XXXXX - 44 - Adjustment has been selected shall be payable on the fifteenth (15th) calendar day of each month during which an Interest Payment Date does not occur and the related Calculation Period Start Date and Calculation Period shall each be monthly.

Interest on the Advances. Subject to Section 3.02, all All outstanding Advances shall bear interest (from and including the date on which such Advance is made to and including the date on which such Advance is repaidmade) at a per annum rate equal to the applicable Reference Rate (except as expressly set forth herein) for each Calculation Period in effect plus the Applicable Margin for Advances set forth on the Transaction Schedule; provided thatplus, following the occurrence and during the continuance of an Event of Defaultin each case, all outstanding Advances and any unpaid interest thereon shall bear interest (from and including the date of such Event of Default to and including the applicable date on which each such Advance is repaid) at a per annum rate equal to the applicable Reference Rate for each Calculation Period in effect plus the Adjusted Applicable Margin ; provided further that, for purposes of this Section 3.01(b), (x) if the aggregate amount of outstanding Advances at any time is less than the Minimum Funding Amount, the amount of outstanding Advances at such time shall be deemed to equal the Minimum Funding Amount and (y) if the aggregate amount of outstanding Advances is less than the Minimum Funding Amount due to the prepayment of outstanding Advances pursuant to Section 4.03(c)(i)(C) following the last day of the Non-Call Period, the interest rate in respect of the amount of such shortfall shall be the Applicable Margin for Advances set forth on the Transaction Schedule. Notwithstanding anything else hereinIn addition, if, at any time during the Reinvestment Period, the outstanding Advances are less than the Adjusted Principal Amount at such time, the Company shall incur interest due and on the difference of the Adjusted Principal Amount minus the amount of Advances at such time at a per annum rate equal to the Applicable Margin for Advances set forth on the Transaction Schedule minus the per annum rate payable in respect of commitment fees pursuant to Section 4.05(b4.03(e). For purposes of the foregoing, (x) the applicable Benchmark or Reference Rate for each Calculation Period with respect to an Advance for which the One Month Daily Simple XXXXX - 44 - Adjustment has been selected shall be payable the weighted average of such Benchmark or Reference Rate, as applicable, as determined on the fifteenth (15th) calendar each day of each month during which an Interest Payment Date does not occur and the related such Calculation Period Start Date and in respect of Advances denominated in GBP, (y) the Benchmark or Reference Rate, as applicable, for each Calculation Period with respect to Daily Simple SARON shall be the weighted average of such Benchmark or Reference Rate, as applicable, as determined on each day during such Calculation Period in respect of Advances denominated in CHF and (z) the applicable Benchmark or Reference Rate for each Calculation Period with respect to Daily Simple SOFR shall be monthlythe weighted average of such Benchmark or Reference Rate, as applicable, as determined on each day during such Calculation Period in respect of Advances denominated in USD.