Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.
Term Loan Interest Rate. The unpaid principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date until paid in full at the Term Loan Interest Rate based on a year consisting of 360 days, based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.
Term Loan Interest Rate. Subject to the provisions of Section 2.07 and 2.08 of the MLA and Section 9 of this First Supplement, the portion of the Term Loan that has not been converted to a Fixed Rate Loan pursuant to Section 8(e) of this First Supplement shall bear interest at a rate equal to the LIBOR Rate plus 325 basis points. The computation of interest, amortization, maturity and other terms and conditions of the Term Loan shall be as provided in the Construction Note, provided, however, in no event shall the applicable rate exceed the Maximum Rate.
Term Loan Interest Rate. Interest shall accrue on the unpaid principal balance of the Term Loan from the Closing Date at the Fixed Rate. The interest rate is an annual rate and will be computed using a 360-day year and charged for actual days elapsed.
Term Loan Interest Rate. (i) Subject to the provisions of Section 2.08 and 2.11, the Term Loan shall bear interest, at a rate per annum equal to three percent (3.0%) plus the greater of (a) the LIBOR Rate, or (b) two percent (2.0%); or, at the option of the Borrowers, the Term Loan shall bear interest at a fixed rate of five and one half percent (5.5%) for a period of two (2) years following the Closing Date, provided the Borrowers shall give written notice to the Agent of such action at least three (3) Business Days prior to the Closing Date.
Term Loan Interest Rate. (i) Subject to the provisions of Sections 2.10 and 2.20, the Term Loan shall bear interest at a variable rate per annum equal to the LIBOR Rate plus three hundred fifty (350) basis points; provided, however, that Applicable Rate of interest on the Term Loan shall at no time be less than four and one-quarter percent (4.25%) per annum.
Term Loan Interest Rate. The portion of the Term Loan that has not been converted to a Fixed Rate Loan pursuant to subsection (e) below shall bear interest at a rate equal to the Applicable Rate plus 325 basis points.
Term Loan Interest Rate. The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time. Notwithstanding anything to the contrary in this Agreement, the outstanding principal balance of the Original A&R LSA Term Loans shall have accrued interest at the “Term Loan Interest Rate” (as defined in the Original A&R LSA) through the date immediately preceding the Closing Date, and any such accrued but unpaid interest shall be due and payable on the next scheduled interest payment date following the Closing Date pursuant to Section 2.2(d). (d)
Term Loan Interest Rate. Advances shall bear interest on the unpaid principal balance thereof from the Funding Date to maturity at the floating interest rate of the Wall Street Prime Rate plus the Applicable Margin, computed for the actual number of days elapsed, based on a 365-day year (the "Term Loan Interest Rate").
