Cash Interest definition
Examples of Cash Interest in a sentence
The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Cash Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed.
In the absence of such an election with respect to an Interest Payment Date, the Company shall be deemed to have elected Cash Interest for all of the interest due on such Interest Payment Date.
If, after providing notice that it will pay an interest payment by Share Interest, the Company becomes unable to deliver such shares of Common Stock, the Company shall pay such interest as Cash Interest.
The Term Loan Cash Interest Rate will float and change on the day the Prime Rate changes from time to time.