Commission or desired of the enhanced rates of interest considering for contained in this

(c) Loan Notes. If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at any time after the Closing Date, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to six), promptly after Company’s receipt of such notice) a Loan Note, as applicable, to evidence such Lender’s Loans.

(a) But as otherwise established here, the fresh Money will accrue attract daily when you look at the a cost comparable to this product from (A) brand new outstanding principal matter thereof by such go out and you may (B) the brand new LIBO Price to have such as period (unless a great LIBOR Interruption Enjoy keeps occurred and is continuing, in which case particularly speed might be the top Rates) additionally the Applicable Margin.

(b) Interest payable pursuant to 5(a) shall be computed on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan shall be excluded; provided, if a Loan is repaid on the same day on which it is made, one (1) day’s interest shall be paid on that Loan.

Section 9

(c) But due to the fact or even established herein, notice on every Mortgage are payable in the arrears (i) to the also to for every Appeal Fee Time; (ii) up on any prepayment of this Mortgage to your the total amount accrued towards the the total amount being prepaid; and you will (iii) at readiness.

2.6 Default Interest. Upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Loans or any fees or other amounts owed hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable in accordance with twelve at a rate that is 2.0% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2.0% per annum in excess of the interest rate otherwise payable hereunder) (the “Default Interest Rate”). 6 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender.

(a) Organization believes to pay to your Individual entitled to payment hereunder, and additionally not simply for title loans Vermont fee to each and every Lender of its Non-Use Fee, one charge after that owed and you can compliment of such as for instance People by the Companypany agrees to pay people Liquidation Fees payable in order to a lender from inside the exposure to an excellent prepayment of Money.

(b) All fees referred to in 7(a) shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable monthly in arrears on (i) each Interest Payment Date during the Commitment Period, commencing on the first such date to occur after the Closing Date, and (ii) on the Commitment Termination Date.

Part dos

(a) Subject to payment of an Early Termination Fee as described in this 9, Company may, upon not less than thirty (30) Business Days’ prior written notice to Administrative Agent and each Lender, at any time and from time the date that is eighteen (18) months after the Closing Date, terminate in whole or permanently reduce in part the Commitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount; and provided further that any such reduction of the Commitments shall effect a ratable reduction of the Commitments of each Lender. Notwithstanding the foregoing, voluntary reductions of Commitments are prohibited from the Closing Date until the date that is eighteen (18) months after the Closing Date.

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