Interest Rate and Payment Dates. (a) Except as otherwise provided in Section 2.7(b), prior to maturity, the outstanding principal balance of the Loan shall bear interest at a rate per annum equal to 5.00%.
Appears in 2 contracts
Samples: Security Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.)
Interest Rate and Payment Dates. (a) Except as otherwise provided in Section 2.7(b), prior to maturity, the outstanding principal balance of the Loan Loans shall bear interest at a rate per annum equal to 5.00%.
Appears in 1 contract
Samples: Second Term Loan Agreement (ONE Group Hospitality, Inc.)
Interest Rate and Payment Dates. (a) Except as otherwise provided in Section 2.7(b), prior to maturity, the outstanding principal balance of the Loan Loans shall bear interest at a rate per annum equal to the greater of (i) the Prime Rate plus the Applicable Margin and (ii) 5.00%.
Appears in 1 contract
Samples: Security Agreement (COMMITTED CAPITAL ACQUISITION Corp)
