Common use of Amounts Not Overdue Clause in Contracts

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured, remedied or waived by the Required Lenders pursuant to ss.17.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.6.10.1.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Furrs Restaurant Group Inc)

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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured, cured or remedied or such Event of Default has been waived by the Required Majority Lenders pursuant to ss.17.12ss.27, bear interest at a rate per annum equal to the rate of interest interesT applicable to overdue principal pursuant to ss.6.10.1ss.5.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured, cured or remedied or such Event of Default has been waived by the Required Lenders Majority Banks pursuant to ss.17.12ss.25, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to overdue principal pursuant to ss.6.10.1such Loans hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stride Rite Corp)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured, cured or remedied or such Default or Event of Default has been waived by the Required Majority Lenders pursuant to ss.17.12ss.27, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.6.10.1ss.6.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured, cured or remedied or such Default or Event of Default has been waived by the Required Lenders pursuant to ss.17.12ss. 16.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.6.10.1ss. 5.11.1.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured, cured or remedied or such Event of Default has been waived by the Required Lenders Banks pursuant to ss.17.12ss.28, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to overdue principal pursuant to ss.6.10.1such Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

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