Stated Interest. Subject to the provisions of Section 2.06(b): (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the greater of (1) the Adjusted Eurodollar Rate for such Interest Period and (2) 1.00%, plus (B) the Applicable Rate for the Term Facility and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of (A) the greater of (1) the Base Rate and (2) 2.00% plus (B) the Applicable Rate for the Term Facility.
Appears in 4 contracts
Samples: Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD), Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD), Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD)
Stated Interest. Subject to the provisions of Section 2.06(b): ), with respect to Term B-1 Term Loans and Term A-1 Term Loans, (iA) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the greater of (1) the Adjusted Eurodollar Rate for such Interest Period and plus (2) 1.00%, plus (B) the Applicable Rate for the such Term Facility and (iiB) each Base Rate Loan under such Term Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of (A) the greater of (1) the Base Rate and plus (2) 2.00% plus (B) the Applicable Rate for the such Term Facility.
Appears in 2 contracts
Samples: Credit Agreement (Royalty Pharma PLC), Credit Agreement (Royalty Pharma PLC)
