Common use of Amounts Not Overdue Clause in Contracts

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (b) the rate of interest applicable to overdue principal pursuant to ss.5.11.1.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (ai) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.5.10.1.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Hadco Acquisition Corp Ii), Revolving Credit Agreement (Hadco Acquisition Corp Ii), Revolving Credit Agreement (Hadco Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Required Banks pursuant to ss.26ss.27, bear interest at a rate per annum equal to the greater of (ai) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.9.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

Amounts Not Overdue. During the continuance of a Default or an ------------------- Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans and the Term Loan not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26ss.27, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and the Term Loan pursuant to ss.4.6 and (b) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.11.1.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

Amounts Not Overdue. During the continuance of a Default or an ------------------- Event of Default the principal of the Revolving Credit Loans Loan not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26ss.24, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans the Loan pursuant to ss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.3.10.1.

Appears in 1 contract

Samples: Term Loan Agreement (Fairfield Communities Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26ss 25, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 ss 2.5 and (b) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss 5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answerthink Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26ss.27, bear interest at a rate per annum equal to the greater of (a) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (bthe Term Loan pursuant to ss.4.5 and(b) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.11.1.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Western Digital Corp)

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Amounts Not Overdue. During the continuance of a Default or an ------------------- Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 toss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1toss.5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans and the Term Loan not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks Lenders pursuant to ss.26ss.28, bear interest at a rate per annum equal to the greater of (ai) two percent (22.00%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and the Term Loan pursuant to ss.4.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.12.1.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Century Aluminum Co)

Amounts Not Overdue. During the continuance of a Default or an Event of Default under ss.13.1(c) as it relates to ss.10, the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the highest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (b) the rate of interest applicable to overdue principal Term Loans pursuant to ss.5.11.1ss.3.5.1.

Appears in 1 contract

Samples: Loan Agreement (Holmes Group Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans and the Term Loan not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26ss.27, bear interest at a rate per annum equal to the greater of (ai) two three percent (23%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and the Term Loan pursuant to ss.4.5 and (bii) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.11.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Marcam Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to ss.26, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to ss.2.5 and (b) the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Appnet Systems Inc)

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