Interest on the unpaid principal balance hereof (the “ Term Interest Rate ”) shall be computed on the basis of the actual number of days elapsed and a year of 360 days and shall accrue at a rate per annum equal to the greater of (i) the sum of (A) the “Prime Rate” as reported in the “Money Rates” column of The Wall Street Journal , adjusted as and when such Prime Rate changes, plus (B) Seven and One Quarter Percent (7.25%), or (ii) Eleven Percent (11%). Following and during the continuation of an Event of Default, the Term Interest Rate shall be increased by Five Percent (5%) per annum (the “ Default Interest Rate ”).