Common use of Additional Secured Obligations Clause in Contracts

Additional Secured Obligations. All amounts due under this Section shall be payable within ten days of written demand therefor. If any amount payable by the Pledgor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate set forth in the Credit Agreement and (ii) be additional Secured Obligations secured hereby and by the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp)

AutoNDA by SimpleDocs

Additional Secured Obligations. All amounts due under this Section shall be payable within ten 10 days of written demand therefor. If any amount payable by the Pledgor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate set forth in to the Credit Agreement fullest extent permitted by applicable Laws and (ii) be additional Secured Obligations secured hereby and by the other Loan Collateral Documents.

Appears in 1 contract

Samples: Credit Agreement (Getty Images Inc)

AutoNDA by SimpleDocs

Additional Secured Obligations. All amounts due under this Section shall be payable within ten 10 days of written demand therefor. If any amount payable by the Pledgor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate set forth in to the Credit Agreement fullest extent permitted by applicable Laws and (ii) be additional Secured Obligations secured hereby and by the other Loan Collateral Documents.

Appears in 1 contract

Samples: Credit Agreement (Planar Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!