Common use of Applicable Interest Rate Clause in Contracts

Applicable Interest Rate. The outstanding principal balance of the Term Loan and portions thereof shall bear interest from the date disbursed to but not including the date of payment calculated at a per annum rate equal to, at the option of and as selected by the Borrower from time to time (subject to the provisions of Sections 2.3, 2.4, 2.5 and 2.12 below): (i) the Applicable LIBO Rate for the selected Interest Period, or (ii) the Applicable Base Rate during the applicable interest calculation period. Portions of the Term Loan bearing interest at the Applicable LIBO Rate shall be referred to herein sometimes as “LIBO Rate Loans” and portions of the Term Loan bearing interest at the Applicable Base Rate shall be referred to herein as “Base Rate Loans”.

Applicable Interest Rate. The outstanding principal balance of the Term Loan and portions thereof shall bear interest from the date disbursed to but not including the date of payment calculated at a per annum rate equal to, at the option of and as selected by the Borrower Borrowers from time to time (subject to the provisions of Sections 2.3, 2.4, 2.5 and 2.12 below): ): (i) the Applicable LIBO Rate for the selected Interest Period, or (ii) the Applicable Base Rate during the applicable interest calculation period. Portions of the Term Loan bearing interest at the Applicable LIBO Rate shall be referred to herein sometimes as “"LIBO Rate Loans” " and portions of the Term Loan bearing interest at the Applicable Base Rate shall be referred to herein as “"Base Rate Loans”".

Applicable Interest Rate. The outstanding principal balance of the Term Interim Loan and portions thereof shall bear interest from the date disbursed to but not including the date of payment calculated at a per annum rate equal to, at the option of and as selected by the Borrower Borrowers from time to time (subject to the provisions of Sections 2.3, 2.4, 2.5 and 2.12 below): (i) the Applicable LIBO Rate for the selected Interest Period, or (ii) the Applicable Base Rate during the applicable interest calculation period. Portions of the Term Interim Loan bearing interest at the Applicable LIBO Rate shall be referred to herein sometimes as “"LIBO Rate Loans” " and portions of the Term Interim Loan bearing interest at the Applicable Base Rate shall be referred to herein as “"Base Rate Loans”".