Term B Loan; Interest Rate Sample Clauses

Term B Loan; Interest Rate. Subject to the terms and conditions of this Agreement, Lender hereby agrees to make a term loan (the “Term B Facility”) to Borrower in the aggregate principal amount of the Maximum Term B Facility Amount. On the Restatement Date, Borrower shall execute and deliver to Lender one or more promissory notes, each evidencing Borrower’s unconditional obligation to repay Lender for the Term B Loans, in form and substance acceptable to Lender (as each may be amended, modified, increased, restated or replaced from time to time, collectively, the “Term B Note”), each payable to the order of Lender in accordance with the terms thereof. The Term B Note shall bear interest on the outstanding principal balance of each Term B Loan from the date of such Term B Loan until repaid at a rate per annum (on the basis of the actual number of days elapsed over a year of 360 days) equal to the Term B Treasury Rate; provided, however, after the occurrence and during the continuance of a Default, other than a Default under only the Revolving Facility, such rate shall be equal to the Term Facility Default Rate.