Common use of Interest Rate and Interest Payments Clause in Contracts

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be paid quarterly in arrears on the 15th day of each June, September, December and March, beginning on September 15, 2016. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each JuneApril 30, SeptemberJuly 31, December October 31 and March, beginning on September 15, 2016January 31. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each JuneSeptember 28, September2018, December 31, 2018 and MarchMarch 29, beginning on September 15, 20162019. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used5.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each JuneSeptember 28, September2018, December 31, 2018 and MarchMarch 29, beginning on September 15, 20162019. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each JuneSeptember 29, September2017, December 30, 2017 and MarchMarch 30, beginning on September 15, 20162018. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each June[September 30, September2020, December 30, 2020, March 31, 2021 and MarchJune 30, beginning on September 15, 20162021. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.

Interest Rate and Interest Payments. (a) The unpaid principal balance of the Term Loan Advances outstanding from time to time shall bear interest at a simple rate of interest equal to 10.0% per annum (the “Interest Rate”). Interest on all Term Loan Advances outstanding under this Agreement shall be computed on the basis of a year of 360 days and paid quarterly in arrears on the 15th day each of each JuneJune 28, September2019, September 27, 2019, December 31, 2019 and MarchMarch 31, beginning on September 15, 20162020. (b) After the occurrence and during the continuation of an Event of Default, interest shall accrue on all amounts due hereunder at the lesser of (i) a rate of 10% per annum above the Interest Rate and (ii) the maximum rate permitted by applicable law. For calculation of interest, a 360-day year basis for the actual number of days elapsed shall be used.