Common use of Amounts Not Overdue Clause in Contracts

Amounts Not Overdue. During the continuance of a Default or an Event of Default, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall, bear interest at a rate per annum equal to the greater of (i) two percent (2.00%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to

Appears in 2 contracts

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

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Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall, bear interest at a rate per annum equal to the greater of (i) two percent (2.00%) above the rate of interest otherwise applicable to such Revolving Credit Loans overdue principal pursuant toto Section 5.11.1.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders Majority Banks pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall26, bear interest at a rate per annum equal to the greater of (i) two percent (2.002%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toto Section 2.8.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 in writing by the Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shallLender, bear interest at a rate per annum equal to the greater of (i) two four percent (2.004%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant torate.

Appears in 2 contracts

Samples: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders Banks pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall28, bear interest at a rate per annum equal to the greater of (i) two Base Rate PLUS the Applicable Margin for Base Rate Loans then in effect with respect to Revolving Credit Loans, PLUS three percent (2.003%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toper annum.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Perkins Finance Corp), Revolving Credit Agreement (Restaurant Co)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall17.12, bear interest at a rate per annum equal to the greater of (i) Base Rate plus the Applicable Margin for Base Rate Loans then in effect, plus two percent (2.002.0%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toper annum.

Appears in 1 contract

Samples: And Term Loan Agreement (Il Fornaio America Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders Majority Banks pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall26, bear interest at a rate per annum equal to the greater of (i) two three percent (2.003.0%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toto Section 2.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

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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 or remedied or such Default or Event of Default has been waived by the Lenders or the Required Lenders Bank pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shallSection24, bear interest at a rate per annum equal to the greater of (i) two three percent (2.003%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toapplicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders Majority Banks pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall26, bear interest at a rate per annum equal to the greater of (i) two percent (2.002%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toBase Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transpro Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders Lender pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shallterms hereof, bear interest at a rate per annum equal to the greater of (i) two percent (2.002%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant toto ss. 2.5 and the Term Loan pursuant to ss. 4.5.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (DSL Net Inc)

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