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Interest Rate Not Ascertainable
Interest Rate Not Ascertainable contract clause examples
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Interest Rate. Subject to [Section 2.4(b)], the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of # one and one-quarter of one percent (1.25%) above the Prime Rate and # six percent (6.0%), which interest, in each case, shall be payable monthly in accordance with [Section 2.5(d)] below.

Interest Rate. The Advances may from time to time be # a LIBOR Rate Advance, # a Base Rate Advance or # a combination thereof, as determined by the Borrower and notified to Bank in accordance with the term of this Agreement. Each Advance that is a LIBOR Rate Advance shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the LIBOR Rate for such Interest Period plus the applicable Spread. Each Loan that is a Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the applicable Spread. Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph # below shall be payable on demand. Each determination of an interest rate by Bank pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower in the absence of manifest error.

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 2.3(b)], the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # two percentage points (2.00%) above the Prime Rate, or # five and one quarter percentage points (5.25%), which interest, in each case, shall be payable monthly in accordance with [Section 2.3(d)] below.

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. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a fixed per annum rate (which rate shall be fixed for the duration of such Term Loan) equal to nine percent (9.00%) per annum, which interest shall be payable quarterly in arrears in accordance with Section 2.3(c). Interest shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

Interest Rate. Subject to [Section 2.3(b)], the principal amount outstanding under the Term Loans shall accrue interest at a floating per annum rate equal to the Basic Rate, determined by Collateral Agent on the Funding Date of the applicable Term Loan and monthly thereafter, which interest shall be payable monthly in arrears in accordance with [Sections 2.2(b) and 2.3(e)]. Interest shall accrue on each Term Loan commencing on, and including, the Funding Date of such Term Loan, and shall accrue on the principal amount outstanding under such Term Loan through and including the day on which such Term Loan is paid in full.

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:

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