Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.
Interest Rates; Payments. (a) The principal amount of the Loans outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest (computed on the basis of actual days elapsed in a 365 or 366 day year, as applicable) at a rate per annum equal to the sum of (i) the Adjusted Base Rate, plus (ii) the Applicable Margin; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loans subject to an Adjusted Base Rate Tranche shall be payable as it accrues on the last day of each Fiscal Quarter.
Interest Rates; Payments. (a) The principal amount of the Loan (including any Swing Line Loan) outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest at a rate per annum equal to the Adjusted Base Rate; provided, that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loan (including any Swing Line Loan) subject to an Adjusted Base Rate Tranche shall be payable as it accrues on the last day of each Fiscal Quarter.
Interest Rates; Payments. AND CALCULATIONS
Interest Rates; Payments. (a) The principal amount of the Loans outstanding from day to day shall bear interest (computed on the basis of actual days elapsed in a 365 or 366 day year, as applicable) at a rate per annum equal to the lesser of (x) the sum of (i) LIBO Rate plus (ii) 8.5% (the sum of clauses (i) and (ii), the “Required Cash Interest”) plus (iii) 1.0% (such 1.0%, the “PIK Interest”) and (y) the Highest Lawful Rate, in either case, payable in arrears on each Quarterly Payment Date and on the Maturity Date, of which rate for all such dates other than the Maturity Date all but the PIK Interest shall be paid in cash (with the remaining PIK Interest paid in kind). All PIK Interest will be capitalized by increasing the outstanding principal amount of the Loans on the relevant Quarterly Payment Date by the amount of PIK Interest payable on such date (including, with respect to the first Quarterly Payment Date after the Effective Date, accrued and unpaid PIK Interest on the Existing Loans outstanding under the Existing Credit Agreement on the Effective Date). The Borrower shall pay to the Administrative Agent for the accounts of each respective Lender all Required Cash Interest due on a Quarterly Payment Date on such date (including, with respect to the first Quarterly Payment Date after the Effective Date, accrued and unpaid interest on the Existing Loans outstanding under the Existing Credit Agreement on the Effective Date). Unless the context otherwise requires, for all purposes hereof, references to the “outstanding principal amount” or the “principal amount outstanding” of the Loans includes any PIK Interest so capitalized and added to the principal amount of the Loans from the date on which such interest has been so added. Notwithstanding the foregoing provisions of this subsection, however, without the consent of the Required Lenders, during the continuance of an Event of Default all interest must be paid in cash.
Interest Rates; Payments. (a) The principal amount of the ------------------------ Loan outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes -------- ---- exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loan subject to an Adjusted Base Rate Tranche shall be payable as it accrues on the last day of each calendar month.
Interest Rates; Payments. Interest will accrue from time to time on the unpaid principal amount of each Note at the Applicable Rate, based on a 365- or 366-day year (as the case may be) and the actual number of days elapsed. All unpaid accrued interest on the Notes will be due and payable in full on the Maturity Date and, to the extent not paid (whether or not due) will be compounded on each Quarterly Payment Date. In addition, all accrued and unpaid interest on the Notes will be paid upon the payment in full of the entire outstanding principal amount of Notes and, if payment in full is not made when due, thereafter on demand.
Interest Rates; Payments. (a) The principal amount of the Loan outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted Base Rate in effect from day to day; PROVIDED THAT in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loan subject to an Adjusted Base Rate Tranche shall be payable as it accrues on the last day of each calendar month.
Interest Rates; Payments. (a) Committed Revolving Line Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate of (i) the Prime Rate, or (ii) a rate equal to the LIBOR Rate, based on a 30-, 60- or 90-day LIBOR interest period, plus 2.00% per annum, all as set forth in the LIBOR Supplement to Agreement of even date herewith. Borrower may elect between (i) or (ii) above at its own discretion. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate shall increase or decrease when the Prime Rate or LIBOR Rate changes. Interest is computed on a 360-day year for the actual number of days elapsed.
Interest Rates; Payments. (a) The principal amount of each Loan outstanding from day to day shall bear interest at a rate per annum equal to the Interest Rate in effect from day to day. Interest on each Loan shall be payable as it accrues (i) (A) from the Closing Date to (and including) the Amortization Date, on the last day of each March, June, September and December to occur during such period (commencing June 30, 2011) and (B) after the Amortization Date, on each date specified in Section 2.9(b), (ii) upon any prepayment of that Loan (to the extent accrued on the amount being prepaid) and (iii) at final maturity (whether by scheduled maturity, by acceleration or otherwise).
