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Interest Rate
Interest Rate contract clause examples

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 2.2(b)], the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # five and one-quarter of one percent (5.25%) and # two and one-half of one percent (2.50%) 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 outstanding amount of each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # seven percentage points (7.00%), and # three and three quarters percentage points (3.75%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with [Section 2.2(d)] below.

Term Loan Advance. Subject to [Section 2.7(b)], the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # three-quarters of one percent (0.75%) below the Prime Rate and # four and one-quarter of one percent (4.25%), which interest shall be payable monthly in accordance with [Section 2.7(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.

Supplemental Term Loan Advance. Subject to [Section 2.5(b)], the principal amount outstanding under the Supplemental Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # the Prime Rate minus one and one quarter of one percent (1.25%) and # three and one half of one percent (3.50%), which interest shall be payable monthly in accordance with [Section 2.5(d)] below.

Term Loan. Subject to [Section 2.2(b)], the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the greater of # two and one quarter of one percent (2.25%) below the Prime Rate or # three and one quarter of one percent (3.25%), which interest shall be payable monthly in accordance with [Section 2.2(d)] below.

Term B Loan. Subject to [Section 2.2(b)], the principal amount outstanding under each Term B Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # one percent (1.0%) above the Prime Rate, and # five and one-half of one percent (5.50%), which interest shall be payable monthly in accordance with [Section 2.2(d)] below.

“(a) 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 three percentage points (3.00%) above the Prime Rate, which interest shall be payable monthly.”

Term B Loan. Subject to [Section 2.2(b)], the principal amount outstanding under each Term B Loan Advance shall accrue interest at a floating per annum rate equal to five and one half of one percent (5.50%) above the Prime Rate, which interest shall be payable monthly in accordance with [Section 2.2(d)] below.”

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