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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores 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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2628, bear interest at a rate per annum equal to two the Base Rate PLUS the Applicable Margin for Base Rate Loans then in effect with respect to Revolving Credit Loans, PLUS three percent (23%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.

Appears in 2 contracts

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

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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2627, bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans then in effect with respect to Revolving Credit Loans or the applicable Term Loan, as the case may be, plus two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

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 Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two three percent (23.0%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.82.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

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 Majority Banks Lender pursuant to Section 26the terms hereof, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.8ss. 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)

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 or remedied or such Event of Default has been waived by the Majority Banks Required Lenders pursuant to Section 2617.12, bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans then in effect, plus two percent (22.0%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Il Fornaio America Corp)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans and the Term Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2628, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans overdue principal pursuant to Section 2.86.11.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bell Sports Corp)

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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26(S)27, bear interest at a rate per annum equal to two one percent (21%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming 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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.28, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.

Appears in 1 contract

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

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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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.25, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stride Rite Corp)

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 Majority Required Banks pursuant to Section 26(S)27, bear interest at a rate per annum equal to two the greater of three percent (23.0%) per annum above the rate of interest otherwise Base Rate plus the Applicable Margin ---- then applicable to such Loans pursuant to Section 2.8Base Rate Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Chart House Enterprises Inc)

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 Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transpro 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 or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.26, bear interest at a rate per annum equal to two one percent (21%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Genesee & Wyoming Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default 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 Majority Banks Bank pursuant to Section 26Section24, bear interest at a rate per annum equal to two three percent (23%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

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