Interest Rate; Default Rate. This Secured Note shall bear interest at the Interest Rate from the date hereof until all Note Obligations are Paid in Full. Interest shall be computed on the basis of a year of 360 days and the actual number of days elapsed.
Interest Rate; Default Rate. The Loan shall bear interest at the Applicable Rate, which shall be the rate per annum equal to the aggregate of (a) LIBOR for the applicable Interest Period and (b) the Margin. Any amounts due under this Agreement, not paid when due, whether on a Repayment Date, by acceleration or otherwise, shall bear interest thereafter at the Default Rate.
Interest Rate; Default Rate. Subject to this Section 2(f), the principal amount outstanding under the Loans shall accrue interest at a fixed per annum rate of the lesser of (a) five percent (5.0%) and (b) the maximum interest rate permitted by law, which interest shall accrue on each Loan commencing on, and including, the funding date of such Loan (the “Funding Date”), and shall accrue on the principal amount outstanding under such Loan through and including the day on which such Loan is paid (or converted into Borrower Securities) in full. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) months of thirty (30) days. Upon the occurrence and during the continuance of an Event of Default and upon written notice to the Borrower from the Lender, Obligations shall accrue interest at a fixed per annum rate of the lesser of (a) eight percent (8%) and (b) the maximum interest rate permitted by law (the “Default Rate”). Payment or acceptance of the increased interest rate provided in this Section 2(f) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Borrower.
Interest Rate; Default Rate. Upon the occurrence of a Trigger Event, interest shall accrue on the unpaid balance of this Note at a rate of two percent (2%) per annum. Upon the occurrence of an Event of Default, all obligations under this Note shall bear interest, until paid in full, at a rate of five percent (5%) per annum. All computations of interest shall be made on the basis of a year of 365 days, and the actual number of days elapsed.
Interest Rate; Default Rate. The Revolving Credit Facility shall bear interest from the date hereof until Maturity at the Interest Rate set forth in the Note. In an Event of Default the Note shall bear interest until paid at the Default Rate.
Interest Rate; Default Rate. The Principal Amount shall bear interest as agreed by the Parties, as the case may be.
Interest Rate; Default 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 4.50% plus the Base Rate for such day (the "Tranche B Interest Rate"). Such interest shall be payable monthly in arrears on the last Business Day of each month. Upon the occurrence and during the continuation of any Event of Default, the outstanding principal amount of all Loans and, to the extent permitted by applicable law, any interest payments thereon not paid when due and any fees and other amounts then due and payable hereunder, shall thereafter bear interest payable upon demand at a rate that is (a) in the case of Tranche A Loans and such amounts related thereto, 2.00% per annum in excess of the Tranche A Interest Rate (the "Tranche A Default Rate"), and (b) in the case of Tranche B Loans and such amounts related thereto, 2.00% per annum in excess of the Tranche B Interest Rate (the "Tranche B Default Rate"). Payment or acceptance of the increased rates of interest provided for herein is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of any Agent or any Lender.
Interest Rate; Default Rate. From (and including) the date of this Debenture through (but not including) the earlier of the Maturity Date or the date the maturity of this Debenture is accelerated pursuant to Section 8(a), interest shall accrue on the unpaid principal balance of this Debenture at an annual fixed rate equal to 7% per annum. All past due principal and interest shall accrue interest at the Default Rate from (and including) the day after the date such principal or interest is payable hereunder through (but not including) the date of payment. Interest will be calculated on the basis of the actual number of days elapsed over a year composed of 365 days (or 366 days, as the case may be).
Interest Rate; Default Rate. (a) The amount of each Advance shall accrue interest, at Borrower's election, at a LIBOR Interest Rate or the Prime Interest Rate. Borrower shall be entitled to elect the applicable LIBOR Interest Rate (which interest rate will vary based on Interest Period selection and the Borrower's Leverage at the time of any Advance) or the Prime Interest Rate for any Advance under and subject to the conditions set forth in Section 2.2, provided that not more than 3 separate LIBOR Interest Rates (which interest rates will vary based on Interest Period selection and the Borrower's Leverage at the time of any Advance) and the Prime Interest Rate shall be applicable to Advances at any one time that such Advances are outstanding.
