Subject to [Section 2.4], each Base Rate Loan shall bear interest upon the unpaid principal balance thereof, from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof, at a fluctuating rate, per annum, equal to the lesser of # the greater of # the Base Rate plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effective on the day on which each change in the Base Rate is announced by Agent. Interest due with respect to Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.
Section # Interest Rates. (a) Each Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, for each day from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof,such Loan is made until it becomes due, at a fluctuating rate,rate per annum,annum equal to the lessersum of # the greater of # the Base Rate Margin plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effectivefor such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the day on which each change insum of 2% plus the Base Rate is announced by Agent. Interest due with respect toMargin plus the Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.for such day.
SECTION # Interest Rates. (a) Each Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, for each day from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof,such Loan is made until it becomes due, at a fluctuating rate,rate per annum,annum equal to the lessersum of # the greater of #applicable Base Rate Margin plus the Base Rate plus 1.002.25 percentage point and # 2.65 percentage points, and #for such day. Such interest shall be payable at maturity, quarterly in arrears on each Quarterly Payment Date prior to maturity and, with respect to the Highest Lawful Rate. Any change in the interest rate resulting from a change in theprincipal amount of any Base Rate will become effectiveLoan converted to a Euro-Dollar Loan, on the day such principal amount is so converted. Any overdue principal of or interest on which each change in theany Base Rate is announced by Agent. Interest due with respectLoan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 1% plus the rate otherwise applicable to Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.for such day.
Section # Interest Rates. (a) Each Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, for each day from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof,such Loan is made until it becomes due, at a fluctuating rate,rate per annum,annum equal to the lessersum of # the greater of # the Base Rate Margin plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effectivefor such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the day on which each change insum of 2% plus the Base Rate is announced by Agent. Interest due with respect toMargin plus the Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.for such day.
Section # Interest Rates. Each Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, for each day from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof,such Loan is made until it becomes due, at a fluctuating rate,rate per annum,annum equal to the lessersum of # the greater of # the Base Rate Margin plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effectivefor such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the day on which each change insum of 2 % plus the Base Rate is announced by Agent. Interest due with respect toMargin plus the Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.for such day.
Section # Interest Rates. (a) Each Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, for each day from and including the date advanced or converted, to but excluding the date of conversion or repayment thereof,such Loan is made until it becomes due, at a fluctuating rate,rate per annum,annum equal to the lesserBase Rate for such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date. Any overdue principal of #or interest on any Base Rate Loan shall bear interest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the greatersum of #2% plus the Base Rate plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effective on the day on which each change in the Base Rate is announced by Agent. Interest due with respect to Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.for such day.
Section # Applicable Interest Rates. (1) Base Rate Loans. Subject to [Section 2.4],the provisions of [clause (c)] below, each Base Rate Loan shall bear interest upon(computed on the basis of a year of 365 or 366 days, as applicable, and the actual days elapsed) on the unpaid principal balance thereof,amount of such Loan from and including the date such Loan is advanced or converted, to but excludingcreated by conversion from a Eurodollar Rate Loan until the date of conversion or repayment thereof,Maturity Date at a fluctuating rate,rate per annum,annum equal to the lessersum of # the greater ofApplicable Margin plus # the Base Rate plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate. Any changefrom time to time in the interest rate resulting from a changeeffect, payable in the Base Rate will become effective on the day on which each change in the Base Rate is announced by Agent. Interest due with respect to Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuingarrears on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.
Subject to the provisions of [Section 2.4]08(f), (A)])])] each Base Rate Loan under a Facility shall bear interest uponon the unpaidoutstanding principal balance thereof,amount thereof from and including the applicable borrowing date advanced or converted, to but excludingconversion date, as the date of conversion or repayment thereof,case may be, at a fluctuating rate,rate per annum,annum equal to the lesser of # the greatersum of # the Base Rate plus 1.002.25 percentage point# the Applicable Rate for Base Rate Loans under such Facility and # 2.65 percentage points, andeach Swingline 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 # the Highest Lawful Rate. Any change in the interest rate resulting from a change in the Base Rate will become effective onplus # the day on which each change in the BaseApplicable Rate is announced by Agent. Interest due with respect tofor Base Rate Loans shall be due and payable, in arrears, commencing onunder the first Interest Payment Date followingRevolving Facility (or, if there is more than one Revolving Facility at such time, under the Closing Date, and continuing on each Interest Payment Date thereafter up to and includingRevolving Facility with the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.highest Applicable Rate).
During each Interest Period in which the Loan is a Base Rate Loan, such Base Rate Loan shall bear interest uponon the unpaidoutstanding principal balanceamount thereof, from and includingfor each day during the date advanced or converted, to but excluding the date of conversion or repayment thereof,applicable Interest Period, at a fluctuating rate,rate per annum,annum equal to the lesser of # the greater of # the Base Rate for such day plus 1.002.25 percentage point and # 2.65 percentage points, and # the Highest Lawful Rate.Applicable Margin. Any change inoverdue principal of and, to the extent permitted by applicable law, overdue interest rate resulting from a change in theon any Base Rate will become effectiveLoan shall bear interest, payable on demand, for each day until paid in full at a rate per annum equal to the day on which each change in the Base Rate is announced by Agent. Interest due with respect to Base Rate Loans shall be due and payable, in arrears, commencing on the first Interest Payment Date following the Closing Date, and continuing on each Interest Payment Date thereafter up to and including the Interest Payment Date immediately preceding the Maturity Date, and on the Maturity Date.Default Rate.
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