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 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 the rate per annum equal to the Base Rate plus the Applicable Margin with respect to portions of Term Loans consisting of Base Rate Loans as in effect from time to time.
(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 the rate per annum equal to the LIBOR Rate determined for such Interest Period plus the Applicable Margin with respect to portions of Term Loans consisting of LIBOR Rate Loans as in effect from time to time.
(iii) The Borrower promises to pay interest on the Term Loan or any portion thereof outstanding during each Interest Period in arrears on each Interest Payment Date applicable to such Interest Period.
(iv) Notwithstanding the foregoing, if there shall occur and be continuing any Event of Default, the outstanding principal balance of the Term Loan, at the option of the Agent or Required Lenders, shall bear interest 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. All interest accrued at the Post-Default Rate shall be payable on demand. 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. 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. 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 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. Interest will accrue on the outstanding principal balance of the Term Loan from date of advance until final payment thereof at one of the following rates as selected by Borrowers from time to time:
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.
Interest on the Term Loan. Interest on the outstanding balance of the Term Loan shall be payable monthly in arrears on the first day of each calendar month at an annual rate of the Prime Rate plus 3.5%, provided, however, that, notwithstanding, any other provision of any Loan Document, the interest on the outstanding principal balance of the Term Loan shall be not less than the Prime Rate as of the Closing (6.25%), in each case calculated on the basis of a 360-day year and for the actual number of calendar days elapsed in each interest calculation period. Interest accrued on the Term Loan shall be due and payable on the first day of each calendar month commencing August 1, 2005, and continuing until the later of the expiration of the Term and the full performance and irrevocable payment in full in cash of the Obligations and termination of this Agreement. Advances under the Revolving Facility shall be made automatically for the payment of interest on the Term Loan and other Obligations on the date when due to the extent available and as provided for herein.
Interest on the Term Loan. Interest on the Term Loan shall accrue and shall be payable as provided in the Pricing Provisions for the Term Loan set forth in Schedule 1.1(b) hereto.
