Interest on the Notes shall be payable in arrears on the last day of each calendar quarter, commencing with the calendar quarter ending March 31, 2018.  Interest charges shall be computed on the actual principal amount of Notes outstanding during the quarter preceding the payment date at a rate per annum equal to the Interest Rate.  Upon the occurrence of a Specified Event of Default, or at the direction of the Required Noteholders upon the occurrence of any Event of Default, and during the continuation thereof, the Obligations shall bear interest at the applicable Interest Rate plus two (2%) percent per annum (the “ Default Rate ”).  Agent shall notify Issuers of any accrual of interest at the Default Rate, provided , that, any failure to notify shall not impact or affect any of Agent’s rights and remedies hereunder.