Concerning Section 2. 06. Interest at the Applicable Interest Rate shall be due on each Disbursement at the end of each Interest Period. The Indenture Trustee, based on information received from the Facility Agent (but only in connection with the Floating Rate Note), will determine the Applicable Interest Rate for each Interest Period.
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Sources: Trust Indenture (Pride International Inc), Trust Indenture (Pride International Inc)