Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the Revolving Loans as follows:
Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the Advances as follows:
Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances at a floating rate per annum equal to the sum of the Reference Rate plus 0% (the latter being the "Applicable Revolving Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 4%. Interest shall accrue and be payable on the unpaid balance of Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B at a floating rate per annum equal to the sum of the Reference Rate plus 1.0% (the latter being the "Applicable Term Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan B shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 2%. Term Loan C shall be non-interest bearing. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.
Interest Rates, Interest Payments and Default Interest. Section 2.4 of the Credit Agreement is amended in its entirety as follows:
Interest Rates, Interest Payments and Default Interest. (a) The Advances. Interest shall accrue and be payable on the Revolving Loans as follows:
Interest Rates, Interest Payments and Default Interest. Section 2.4 of the Credit Agreement is amended to read in its entirety as follows:
Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances at a floating rate per annum equal to the sum of the Reference Rate plus 2% (the latter being the “Applicable Revolving Margin”); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 4%. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances.
Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable as follows: (a) Each Eurodollar Advance shall bear interest on the unpaid principal amount thereof during the Interest Period applicable thereto at a rate per annum equal to the sum of (i) the Adjusted Eurodollar Rate for such Interest Period PLUS (ii) the Applicable Margin.
Interest Rates, Interest Payments and Default Interest. Section 2.5 of the Credit Agreement is amended by (i) re-naming subsection (a) thereof "The Revolving Loans," (ii) amending subsection (a)(iii) thereof in its entirety to read as follows:
Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Note at a floating rate per annum equal to the sum of the LIBO Rate plus the Applicable Margin. Interest shall be paid in arrears at the end of each Interest Period, but in no event no less frequently than the end of each calendar quarter and upon final payment of the Note. Upon the occurrence and during the continuance of any Event of Default, the unpaid principal balance of the Note shall bear interest at the Base Rate plus the Applicable Margin plus two percent. Unless as otherwise provided in the preceding sentence, all Advances shall bear per annum interest based on the LIBO Rate as provided in this Agreement, unless the Lender is unable to borrow funds under the Deluxe Credit Agreement at a per annum interest rate based on the LIBO Rate, in which event all Advances made to the Borrower after the Lender provides notice to the Borrower of such event shall bear interest at the Base Rate plus the Applicable Margin.
