Payment of interest – Loan B. (a) The Borrower shall pay accrued interest on Loan B on the last day of each Interest Period in respect of Loan B. (b) The rate of interest on Loan B is the rate per annum determined by the Agent to be the aggregate of: (i) The Margin Loan B; 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)
