Except as otherwise provided in this Section 2.2(c), the principal amount of the Draw Loans outstanding from time to time shall bear interest at the applicable Draw Interest Rate.
Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.
Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.
Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.
Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.
Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).