Examples of Tranche B Interest Rate in a sentence
Each Loan shall bear --------------------------- interest on the outstanding principal amount thereof, for each day from and including the day such Loan is made to but excluding the day it becomes due, (i) in the case of Tranche A Loans, at a rate per annum equal to the sum of 2.50% plus the Base Rate for such day (the "Tranche A Interest Rate"), and (ii) in the case of Tranche B Loans, at a rate per annum equal to the sum of 4.50% plus the Base Rate for such day (the "Tranche B Interest Rate").
Except as otherwise provided in Section 2.6(c), interest on the outstanding amount of the Tranche B Loan shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed and shall bear interest until repaid at the rate per annum equal to the Tranche B Interest Rate.
Each Loan shall bear --------------------------- interest on the outstanding principal amount thereof, for each day from and including the day such Loan is made to but excluding the day it becomes due, (i) in the case of Tranche A Loans, at a rate per annum equal to the sum of 2.50% plus the Base Rate for such day (the "Tranche A Interest Rate"), and (ii) in the case of Tranche B Loans, at a rate per annum equal to the sum of 3.00% plus the Base Rate for such day (the "Tranche B Interest Rate").
The Applicable Tranche A Interest Rate and Applicable Tranche B Interest Rate for each Interest Period of the Loan shall be determined by the Govco Administrative Agent and/or the Agent pursuant to the procedures set forth in the definition of "Applicable Tranche A Interest Rate," "Applicable Tranche B Interest Rate" and "LIBOR," as applicable, and shall promptly thereafter be notified to the Borrower, the Board, each Lender and the Supplemental Guarantor.
Except as otherwise provided in Section 2.7(e) and Xxxxxxx 0.00, Xxxxxxx X of the Loan shall bear interest on the unpaid principal amount thereof from the Closing Date until paid in full at the Applicable Tranche B Interest Rate.