Common use of Junior Loans Clause in Contracts

Junior Loans. From and after the Closing Date, (x) 9.75% Tranche Loans shall bear interest at a rate equal to 9.75% per annum and (xy) 10.625% Tranche Loans shall bear interest at a rate equal to 10.625% per annum, in each case, payable in arrears semi- annually in kind and added to the principal amount of the 9.75% Tranche Loans or 10.625% Tranche Loanscash, respectively, on March 1 and September 1, in the case of the 9.75% Tranche Loans, and March 15 and September 15, in the case of the 10.625% Tranche Loans and deemed to be additional 9.75% Tranche Loans and 10.625% Tranche Loans, respectively, and additional Junior Loans made hereunder; provided, however, that if the holders under the Existing Second Lien Debt are paid interest in cash as adequate protection under the DIP Order (including Current Interest (as defined in the DIP Order)), interest on the Junior Loans (except with respect to any accrued and unpaid interest included on the Closing Date in the principal amount of the Junior Loans) shall be paid in cash to the same extent, and at such intervals, as paid to the Existing Second Lien Debt in which case such cash payments shall reduce the amount of interest otherwise due for such semi-annual period.