Common use of Interest on Term Loans Clause in Contracts

Interest on Term Loans. (a) Except as otherwise set forth herein, each Term Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof at a rate of 16.00% per annum of which 8.00% per annum shall be payable in cash and 8.00% per annum shall be paid by accreting such amount to the outstanding principal amount of the Term Loans, in each case, on each applicable Interest Payment Date.

Interest on Term Loans. (a) Except as otherwise set forth herein, each Term Loan Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof at a rate of 16.00% per annum of which 8.00% per annum shall be payable in cash and 8.00% per annum shall be paid by accreting such amount equal to the outstanding principal amount of the Term Loans, in each case, on each applicable Interest Payment Datefourteen percent (14.0%).

Interest on Term Loans. (a) Except as otherwise set forth herein, each Term Loan Loans shall bear interest on the unpaid principal amount thereof from the date made applicable Credit Date through the repayment (whether by acceleration or otherwise) in full in cash thereof at a rate of 16.00% per annum of which 8.00% per annum equal to ten percent (10.0%); provided that such interest rate shall be payable in cash and 8.00% per annum shall be paid automatically increase by accreting such amount to the outstanding principal amount of four percent (4.0%) on the Term Loans, in each case, on each applicable Interest Payment Loan Maturity Date.