Common use of Interest Rate and Payments of Interest Clause in Contracts

Interest Rate and Payments of Interest. (A) Interest shall be calculated and paid as follows: (1) Interest on the principal balance of the Loan from time to time outstanding will be payable at a per annum rate (the “Interest Rate”) equal to the greater of (i) the Prime {BH489438.3} Rate in effect from time to time; or (ii) a floor rate of three and twenty-five hundredths percent (3.25%). (2) Each time a change to the Prime Rate occurs, the Interest Rate shall change concurrently with such change in the Prime Rate. (3) Interest shall be calculated on the basis of a 360-day year, by multiplying the product of the principal amount outstanding and the applicable rate by the actual number of days elapsed, and dividing by 360, and shall be payable quarterly in arrears, on the 1st day of each and every calendar quarter (that is, on January 1, April 1, July 1, and October 1) commencing with the first calendar quarter following the first Advance and continuing on the 1st day of each calendar quarter thereafter until the outstanding principal balance of all Advances have been repaid in full, with the final payment of accrued and unpaid interest due and payable on the Maturity Date. (B) If, at any time, the Interest Rate shall be deemed by any competent Governmental Authority to exceed the maximum rate of interest permitted by any applicable Laws, then, for such time as the Interest Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws.

Interest Rate and Payments of Interest. (A) Interest shall be calculated and paid as follows: (a) From the date hereof through July 1) Interest , 2019, interest on the principal balance of the Loan from time to time outstanding will be payable at a fixed per annum rate (the “Interest Fixed Rate”) equal to four percent (4%); and (b) From July 2, 2019, through the Maturity Date, interest on the principal balance of the Loan from time to time outstanding will be payable at a floating per annum rate (the “Floating Rate”) equal to the greater of (i) the Prime {BH489438.3} Rate in effect from time to time; or (ii) a floor rate of three and twenty-five hundredths percent (3.25%). (2) Each time a change to the Prime Rate occurs, the Interest Floating Rate shall change concurrently contemporaneously with such change in the Prime Rate. (3) Interest shall be calculated on the basis of a 360-day year, by multiplying the product of the principal amount outstanding and the applicable rate by the actual number of days elapsed, and dividing by 360, and shall be payable quarterly in arrears, commencing on the 1st day of each and every calendar quarter (that is, on January October 1, April 12014, July 1, and October 1) commencing with the first calendar quarter following the first Advance and continuing on the 1st first (1st) day of each calendar quarter January, April, July and October thereafter until the outstanding principal balance of all Advances have the Loan has been repaid in full, with the final payment of accrued and unpaid interest due and payable on the Maturity Date. (B) If, at any time, the Interest Rate shall be deemed by any competent Governmental Authority to exceed the maximum rate of interest permitted by any applicable Laws, then, for such time as the Interest Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws.

Interest Rate and Payments of Interest. (A) i. Interest shall be calculated and paid as follows: (1) . Interest on the principal balance of the Loan from time to time outstanding will be payable at a per annum rate (the “Interest Rate”) equal to the greater of (i) the Prime {BH489438.3} Rate in effect from time to timetime minus .50 percent (50bps); or (ii) a floor rate of three and twenty-five hundredths four percent (3.254.0%). (2) . Each time a change to the Prime Rate occurs, the Interest Rate shall change concurrently with such change in the Prime Rate. (3) . Interest shall be calculated on the basis of a 360-day year, by multiplying the product of the principal amount outstanding and the applicable rate by the actual number of days elapsed, and dividing by 360, and shall be payable quarterly in arrears, on the 1st day of each and every calendar quarter (that is, on January February 1, April May 1, July August 1, and October November 1) commencing with the first calendar quarter following the first Advance and continuing on the 1st day of each calendar quarter thereafter until the outstanding principal balance of all Advances have been repaid in full, with the final payment of accrued and unpaid interest due and payable on the Maturity Date. (B) ii. If, at any time, the Interest Rate shall be deemed by any competent Governmental Authority to exceed the maximum rate of interest permitted by any applicable Laws, then, for such time as the Interest Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws.

Interest Rate and Payments of Interest. (A) Interest shall be calculated and paid as follows: (1) Interest on the principal balance of the Loan from time to time outstanding will be payable at a per annum rate (the “Interest Rate”) equal to the greater of (i) the Prime {BH489438.3} ​ Rate in effect from time to time; or (ii) a floor rate of three and twentyeighty-five hundredths percent (3.253.85%). (2) Each time a change to the Prime Rate occurs, the Interest Rate shall change concurrently with such change in the Prime Rate. (3) Interest shall be calculated on the basis of a 360-day year, by multiplying the product of the principal amount outstanding and the applicable rate by the actual number of days elapsed, and dividing by 360, and shall be payable quarterly in arrears, on the 1st day of each and every calendar quarter (that is, on January 1, April 1, July 1, and October 1) commencing with the first calendar quarter following the first Advance and continuing on the 1st day of each calendar quarter thereafter until the outstanding principal balance of all Advances have been repaid in full, with the final payment of accrued and unpaid interest due and payable on the Maturity Date. (B) If, at any time, the Interest Rate shall be deemed by any competent Governmental Authority to exceed the maximum rate of interest permitted by any applicable Laws, then, for such time as the Interest Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws.