Common use of Stated Interest Clause in Contracts

Stated Interest. Subject to the provisions of Section 2.06(b): (i) with respect to 5¼ Year Term Loans and 6¾ Year Term Loans, (A) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (1) the greater of (x) the Adjusted Eurodollar Rate for such Interest Period and (y) 0.75%, plus (2) the Applicable Rate for such Term Facility and (B) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of (1) the greater of (x) the Base Rate and (y) 1.75% plus (2) the Applicable Rate for such Term Facility, and (ii) with respect to New Term Loans and Acquisition Term Loans, (A) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (1) the greater of (x) the Adjusted Eurodollar Rate for such Interest Period and (y) 1.00%, plus (2) the Applicable Rate for such Term Facility and (B) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the sum of (1) the greater of (x) the Base Rate and (y) 2.00% plus (2) the Applicable Rate for such Term Facility.