Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum conclusively determined by Agent to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrears on each Interest Payment Date. Agent shall notify Borrower and the Lenders of each interest rate determined under this Section.
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Rate and Calculation. The rate of interest applicable to the Term Loan (or the relevant any part thereof for thereof) and to each Interest Period Tranche C Advance shall be the rate per annum conclusively determined by the Facility Agent to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrears arrear on each Interest Payment Date. The Agent shall notify the Borrower and the Lenders of each interest rate determined under this SectionClause.
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