Example ContractsClausesIncrease in Interest Rate
Increase in Interest Rate
Increase in Interest Rate contract clause examples

Subject to the terms and conditions set forth below, the Loans shall bear interest at the per annum rate of interest set forth in [subsection (a), (b) or (c)])])] below, payable as set forth below:

Interest Rate. Except as set forth in [Section 2.3(b)], the Advances under shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the Applicable Margin plus the LIBOR Rate.

Subject to Section 2.3(b), the principal amount outstanding under each Term Loan shall accrue interest at a per annum rate equal to the LIBOR Rate plus seven and one-half percent (7.50%) per annum (the “Term Loan Rate”), which interest shall be payable quarterly in arrears in accordance with this Section 2.3.

Interest Rate. Subject to [Section 2.4(c)], the Borrower shall pay interest (including interest accruing after the commencement of an insolvency proceeding under applicable Bankruptcy Law) on the unpaid principal amount of each Loan from the date of the funding of such Loan until the Loan Maturity Date at the Applicable Interest Rate.

Interest Rate. From and following the Effective Date of this Amendment, depending upon Borrower’s election from time to time, subject to the terms hereof, to have portions of the Loans accrue interest determined by reference to the Alternate Base Rate or Term SOFR. The Loans and the other Obligations shall bear interest at the applicable rates set forth below:

Interest Rate. The unpaid principal balance of the Loan shall accrue interest at the Fixed Rate. All interest accruing under the Loan Documents will be calculated on the basis of a 360-day year applied to the actual number of days in each month. Borrower shall make each payment which it owes under the Loan Documents on or before the Payment Deadline pursuant to Section 2.5 in immediately available Dollars without setoff, counterclaim or other deduction.

. The Principal Indebtedness shall bear interest at the rate of four and sixty-three hundredths percent (4.63%) per annum (the “Interest Rate”), computed on the basis of a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each; provided, however, interest for partial months (including the Stub Interest Period) shall be calculated by multiplying the Principal Indebtedness by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying that result by the actual number of days elapsed during such period.

Interest Rate. Subject to [Section 2.2(b)], the principal amount outstanding under each Growth Capital Advance shall accrue interest at a floating per annum rate equal to the greater of # six and one-half of one percent (6.50%) and # one percent (1.00%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with [Section 2.2(d)] below.

Interest Rate. Subject to [Section 2.2(b)], the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to # prior to the occurrence of the Phase 3 Event, the greater of # the Prime Rate plus one percent (1.00%) and # four and one-quarter of one percent (4.25%), and # upon and after the occurrence of the Phase 3 Event, the greater of # the Prime Rate plus three percent (3.00%) and # six and one-quarter of one percent (6.25%), which interest, in each case, shall be payable monthly in accordance with [Section 2.2(d)] below.

Interest Rate. Unless an Event of Default shall have occurred and be continuing, interest shall accrue on the Principal Balance at a rate per annum equal to the Interest Rate.

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