LIBOR Rate. Except as otherwise expressly provided in this Note, interest shall accrue on the principal balance of this Note through the Maturity Date at a rate of interest equal to a per annum rate of interest (the “LIBOR Rate”) equal to LIBOR (as defined in paragraph (c) below) for the relevant Interest Period (as defined in paragraph (c) below), plus the Applicable Margin, such LIBOR Rate to remain fixed for such Interest Period.
Appears in 3 contracts
Sources: Promissory Note, Promissory Note (Adcare Health Systems, Inc), Promissory Note (Adcare Health Systems, Inc)
LIBOR Rate. Except as otherwise expressly provided in this Note, interest shall accrue on the principal balance of this Note through the Maturity Date at a rate of interest equal to the greater of (i) a per annum rate of interest (the “LIBOR Rate”) equal to LIBOR (as defined in paragraph (c) below) for the relevant Interest Period (as defined in paragraph (c) below), plus the Applicable Margin, such LIBOR Rate to remain fixed for such Interest Period, or (ii) 6.00% per annum.
Appears in 2 contracts
Sources: Promissory Note (Adcare Health Systems Inc), Promissory Note (Adcare Health Systems Inc)
LIBOR Rate. Except as otherwise expressly provided in this Note, interest shall accrue on the principal balance of this Note through the Maturity Date at a rate of interest equal to the greater of (i) a per annum rate of interest (the “LIBOR Rate”) equal to LIBOR (as defined in paragraph (c) below) for the relevant Interest Period (as defined in paragraph (c) below), plus the Applicable Margin, such LIBOR Rate to remain fixed for such Interest Period, or (ii) 6.0% per annum.
Appears in 2 contracts
Sources: Promissory Note (Adcare Health Systems Inc), Promissory Note (Adcare Health Systems Inc)