Common use of Term Loan B Interest Clause in Contracts

Term Loan B Interest. Interest shall accrue on the outstanding principal of the Term Loan B on each date at a fixed rate per annum of 4.15%. All interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed.

Term Loan B Interest. Interest shall accrue on the outstanding principal of the Term Loan B on each date at a fixed rate per annum of 4.153.90%. All interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed.

Term Loan B Interest. Interest shall accrue on the outstanding principal of the Term Loan B on each date or any portion of the principal outstanding hereunder, shall bear interest at a per annum rate equal to the fixed rate per annum of 4.15ten percent (10%). All interest Interest on Term Loan B shall be payable quarterly in arrears on the first day of each quarter, commencing on the first such date following the date hereof and on the Maturity Date. Interest is calculated on the basis of actual days elapsed and a 360-day year for the actual number of days elapsedyear.