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 (y) 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 cash, respectively, on March 1 and September 1, in the casetenth (10th) Business Day of each month with respect to the 9.75% Tranche Loans, and March 15 and September 15, ininterest accrued and unpaid through the caselast day of the 10.625% Tranche Loans preceding calendar month.

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 (y) 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 cash, respectively, cash on March 1 and September 1, in the casetenth tenth (10th) Business Day of each month with respect to the 9.75% Tranche Loans, and March 15 and September 15, ininterest interest accrued and unpaid through the caselast last day of the 10.625% Tranche Loans preceding calendar month.