Interest on the Term Loan. Subject to the provisions of Section 2.8, the Term Loan shall bear interest as follows:
Interest on the Term Loan. The outstanding principal amount of the Term Loan shall bear interest at a rate per annum equal to the Applicable Rate. Notwithstanding the foregoing, (i) any portion of the Term Loan which is not paid when due shall automatically bear interest until paid in full at the Post-Default Rate, (ii) during the period when any Event of Default of the type described in clauses (g), (h) or (i) of Section 9.1 shall have occurred and be continuing, the outstanding principal balance of the Term Loan shall automatically bear interest, after as well as before judgment, at the Post-Default Rate, and (iii) if there shall occur and be continuing any Event of Default (other than an Event of Default of the type described in clauses (g), (h) or (i) of Section 9.1), following written notice delivered to the Borrower from the Lenders, the outstanding principal balance of the Term Loan shall bear interest, after as well as before judgment, at the Post-Default Rate during the period beginning on the date such Event of Default first occurred, and ending on the date such Event of Default is cured or waived. Accrued and unpaid interest on the outstanding principal balance of the Term Loan shall be payable quarterly in arrears on March thirty-first (31st), June thirtieth (30th), September thirtieth (30th) and December thirty-first (31st) of each year; provided, that, interest accrued at the Post-Default Rate shall be payable on demand, and all accrued and unpaid interest on any portion of the principal of the Term Loan shall be payable on each date that such portion of the principal of the Term Loan shall be payable hereunder and on the Maturity Date. All interest hereunder shall be computed on the basis of a year of 360 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Interest on the Term Loan. The outstanding principal amount of the Term Loan shall accrue interest at the Term Loan Rate and shall be payable in accordance with Section 1.12(c).
Interest on the Term Loan. (7) The unpaid principal balance of the Term Loan shall bear interest, until repaid, fixed at 14% per annum, payable as follows:
Interest on the Term Loan. The unpaid principal balance from time to time of the Term Loan shall bear interest from the date the first disbursement of proceeds of the Term Loan is made prior to the maturity of the Term Note at a rate per annum equal to the Prime-based Rate, except that at the option of Borrower exercised from time to time as provided in Section 2.b(i), interest may accrue prior to maturity on the entire outstanding balance of the Term Loan or on any portion thereof which is an integral multiple of $100,000.00 (unless the selection is for the entire outstanding principal balance of the Term Loan) and as to which no LIBOR-based Rate previously selected remains in effect at a LIBOR-based Rate; provided that no LIBOR-based Rate may be elected for a period extending beyond the scheduled final maturity of the Term Loan. After maturity, whether scheduled maturity or maturity by virtue of acceleration on account of the occurrence of an Event of Default, interest will accrue on the Term Loan at a rate per annum equal to the Prime-based Rate plus Two Hundred (200) Basis Points, except that as to any portion of the Term Loan for which Borrower may have elected a LIBOR-based Rate for a period of time that has not expired at maturity, such portion shall, during the remainder of such period, bear interest at the greater of the Prime-based Rate plus Two Hundred (200) Basis Points per annum or the LIBOR-based Rate then in effect plus Two Hundred (200) Basis Points. Prior to maturity, (A) interest accruing at a Prime-based Rate shall be due and payable on the last Business Day of each calendar quarter and (B) interest accruing at a LIBOR-Based Rate shall be payable on the last day of each Interest Period relating to such portion of the Term Loan (provided that if the Interest Period is in excess of Three (3) months, interest will be paid each Three (3) months following the first day of such Interest Period). After maturity, interest shall be payable as accrued and without demand.
Interest on the Term Loan. The Borrower shall pay interest to the Lender on the outstanding and unpaid principal amount of the Term Loan made at a rate per annum equal to the Prime Rate, minus one percent (1%). Any change in the interest rate resulting from a change in the Prime Rate shall become effective as of the opening of business on the day on which such change in the Prime Rate shall become effective. Interest shall be calculated on the basis of a year of three hundred sixty (360) days for the actual number of days elapsed. Interest shall be paid in immediately available funds on the last day of each calendar quarter and at maturity at the Principal Office. Any principal amount not paid when due (at maturity, by acceleration, or otherwise) shall bear interest thereafter until paid in full, payable on demand, at a rate which shall be two percent (2.0%) above the rate which would otherwise be applicable.
Interest on the Term Loan. The outstanding principal 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:
Interest on the Term Loan. Subject to Section 2.1.3(e), the principal amount outstanding under the Term Loan shall accrue interest at a fixed per annum rate equal to five percentage points (5.00%), which interest shall be payable monthly.
Interest on the Term Loan. The principal ------------------------- balance of the Term Loan outstanding from time to time shall bear interest from the Closing Date until the Term Loan Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread, provided that, at the option of the Company exercised -------- ---- from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Term Loan Maturity Date on the entire outstanding balance of the Term Loan or on any portion thereof as to which no LIBOR-based Rate previously selected remains in effect at a rate per annum equal to a LIBOR-based Rate for a period of 30, 60, 90 or 180 days, plus the Applicable Spread. The Company will not be permitted to elect any LIBOR-based Rate for a period extending beyond the Scheduled Term Loan Maturity Date. After the Term Loan Maturity Date, interest will accrue on the Term Loan at a rate per annum equal to the Prime Rate plus Two Percent (2%). Prior to the Term Loan Maturity Date, interest shall be due and payable on the last Banking Day of each month in addition to the installments of principal due on such dates. After the Term Loan Maturity Date, interest shall be payable as accrued and without demand.
Interest on the Term Loan. The principal balance of the Term Loan, as evidenced by the Term Note, outstanding from time to time from and after the Closing Date shall bear interest (computed on the basis of a year consisting of 360 days and the actual number of days elapsed) from and after the Closing Date until the Term Maturity Date, and so long as no Event of Default has occurred and remains uncured, at five percent (5%) per annum.
