Payment of interest – Loan A. (a) The Borrower shall pay accrued interest on Loan A on the last day of each Interest Period in respect of Loan A. (b) The rate of interest on Loan A for each Interest Period is the percentage rate per annum which is the aggregate of the applicable: (i) The Margin Loan A or the New Fixed Margin as applicable; and (ii) LIBOR.
Appears in 4 contracts
Samples: Loan and Guarantee Facility Agreement (KNOT Offshore Partners LP), Loan and Guarantee Facility Agreement (KNOT Offshore Partners LP), Loan and Guarantee Facility Agreement (KNOT Offshore Partners LP)
