Interest on Term Loan. The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:
Interest on Term Loan. (a) Except as otherwise provided in §4.10, the outstanding amount of the Term Loan shall bear interest during each Interest Period relating to all or any portion of the Term Loan at the following rates:
Interest on Term Loan. Except as otherwise provided in Section 6.13:
Interest on Term Loan. (a) Subject to Section 2.05, the Term Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) on the principal amount thereof from time to time outstanding, from the date of the making of such Term Loan until such principal amount is repaid in full, at a rate per annum equal to 12% (the “Interest Rate”), provided that such interest that has accrued during such period may be capitalized on such Interest Payment Date and added to the outstanding principal amount of the Term Loan. For purposes of this Agreement and the other Loan Documents, the amounts so capitalized hereunder shall bear interest in accordance with this Section 2.04 as though such amounts constituted a Term Loan made by the Lender hereunder.
Interest on Term Loan. SS.4.6.1.
Interest on Term Loan. Except as otherwise provided in 4.7 or 5.6, any Term Loan advanced hereunder shall bear interest during each Interest Period relating to all or any portion of the Term Loan at a rate to be determined, based on prevailing market rates for borrowers with similar credit profiles and ratings, and otherwise acceptable to the Administrative Agent and the Term Loan Lenders. The Borrowers jointly and severally promise to pay interest on the Term Loan or any portion thereof outstanding during each Interest Period in arrears on each Interest Payment Date applicable to such Interest Period and on the Term Loan Maturity Date. Any change in the interest rate resulting from a change in the Base Rate is to be effective at the beginning of the day of such change in the Base Rate.
Interest on Term Loan. (a) The Borrower shall pay interest on the Term Loan at LIBOR for the applicable Interest Period then in effect plus 1.875% per annum. To the extent the Term Loan is required to be converted to a Base Rate Loan hereunder, the Borrower shall pay interest thereon at the Base Rate in effect from time to time plus the Base Rate Margin.
Interest on Term Loan. Effective as of May 17, 1999, and except as otherwise provided in ss.8.9, the Term Loan shall bear interest during each Interest Period relating to all or any portion of the Term Loan at the rate per annum equal to the Base Rate plus five percent (5%) per annum. Notwithstanding anything to the contrary contained herein, no portion of the Term Loan shall bear interest determined by reference to the Eurodollar Rate.
Interest on Term Loan. Except as otherwise provided in ss.8.20, the outstanding amount of the Term Loan shall bear interest in accordance with the provisions of ss.8.1. The Borrower shall notify the Dollar Agent, such notice to be irrevocable, at least two (2) Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.8.4 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans and the Gold Loans. The Borrower shall select each Interest Period with respect to the Term Loan so as not to require a payment or prepayment of any Eurodollar Rate Loan prior to the end of the applicable Interest Period with respect to such Eurodollar Rate Loan.
Interest on Term Loan. The Term Loan shall bear interest from the Conversion Date to the date the Term Loan is paid in full at a rate per annum equal to the Lender Rate as determined by the Lender pursuant to Section 2.5 hereof. Interest on the Term Loan shall be paid by the Authority to the Lender, for the account of the Lender, monthly in arrears on each Interest Payment Date. Interest on the Term Loan shall be calculated on the basis of a year of 365 or 366 days, as applicable based on the actual number of days elapsed. Not less than two (2) Business Days prior to each Interest Payment Date, the Lender shall deliver to the Authority and the Trustee written notice, upon which the Authority and the Trustee may conclusively rely, of the amount of interest due and payable on the Term Loan on such Interest Payment Date; provided, however, that the failure by the Lender to provide notice of the amount of interest due and payable shall not relieve the Authority of its obligation to make payment of amounts as and when due hereunder.
