Common use of Interest Only Clause in Contracts

Interest Only. The Maker shall pay to the Holder interest only on the unpaid principal balance of this Note at a [fixed/variable] rate of interest per annum [equal to percent ( %) [appearing on the Telerate Page 3750 (or successor page) as the London interbank offered rate for deposits in Dollars for a three month period (“LIBOR Rate”) plus basis points ( %) until .

Appears in 1 contract

Sources: Second Lien Credit Agreement (Surgery Partners, Inc.)

Interest Only. The Maker shall pay to the Holder interest only on the unpaid principal balance of this Note at a [fixed/variable] rate of interest per annum [equal to percent ( %) )[appearing on the Telerate Page 3750 (or successor page) as the London interbank offered rate for deposits in Dollars for a three month period (“LIBOR Rate”) plus basis points ( %) until .

Appears in 1 contract

Sources: First Lien Credit Agreement (Surgery Partners, Inc.)