Daily Interest. The Loan shall accrue and bear daily interest at a rate per annum which shall at all times equal the Applicable Rate (the “Daily Interest”). Prior to the Maturity Date or any accelerated maturity of the Loan, the Company will, on each Payment Date, pay the accrued and unpaid Daily Interest on the Loan. On the Maturity Date or any accelerated maturity of the Loan, the Company will pay all accrued and unpaid Daily Interest on the Loan. Upon the occurrence and during the continuance of an Event of Default, the Required Lenders may require accrued Daily Interest to be payable on demand or at regular intervals more frequent than each Payment Date. All payments of Daily Interest hereunder shall be made to the Agent for the account of each Lender in accordance with such Lender’s Percentage Interest therein.
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Sources: Credit Agreement (Doe Run Resources Corp), Credit Agreement (Doe Run Resources Corp)