Except as set forth in Section 2.2(b) , the Term Loan shall bear interest, on the outstanding daily balance thereof, at Borrower’s option, either (i) at a variable rate per annum equal to the Prime Rate plus one and three quarters of one percent (1.75%) or (B) at a fixed rate per annum equal to the LIBOR-Based Rate for the Interest Period applicable to the Term Loan plus four and one half percent (4.50%).
interest rates