Stated Interest. Subject to the provisions of Section 2.08(b): (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Eurodollar Rate for such Interest Period plus the Applicable Rate for such Eurodollar Rate Loans, but in no event to exceed the Highest Lawful Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing or conversion date at a rate per annum equal to the Base Rate plus the Applicable Rate for such Base Rate Loans, but in no event to exceed the Highest Lawful Rate.
Appears in 4 contracts
Samples: Second Lien Credit Agreement (Royal Resources Partners LP), Credit Agreement (Royal Resources Partners LP), Second Lien Credit Agreement (Royal Resources Partners LP)
