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 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 Required Lenders pursuant to §16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin), including any Applicable Margin and any Mandatory Cost.

Appears in 3 contracts

Samples: Credit Agreement (Barnes Group Inc), Revolving Credit Agreement (Barnes Group Inc), Assignment and Assumption (Barnes 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 Required Lenders pursuant to §16.12, shall, upon written notice from the Administrative Agent or the Required Lenders, bear interest compounded monthly and interest, payable on demand demand, at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, two percent (2%) above the Base Rate, Rate plus the Applicable Margin), including (without duplication) any Applicable Margin and any Mandatory CostMargin.

Appears in 2 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes 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 Required Lenders pursuant to §16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin), including any Applicable Margin and any Mandatory Cost.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Barnes Group Inc), Revolving Credit Agreement (Barnes 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 Required Lenders pursuant to §Section 16.12, shall, upon written notice from the Administrative Agent or the Required Lenders, bear interest compounded monthly and interest, payable on demand demand, at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, two percent (2%) above the Base Rate, Rate plus the Applicable Margin), including (without duplication) any Applicable Margin and any Mandatory CostMargin.

Appears in 1 contract

Samples: Credit Agreement (Barnes Group 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 Required Lenders pursuant to §16.1215.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin)) , including any Applicable Margin and any Mandatory CostMargin.

Appears in 1 contract

Samples: Assignment and Assumption (Barnes 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 Required Lenders pursuant to §16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin), including any Applicable Margin and any Mandatory Cost.

Appears in 1 contract

Samples: Agreement (Barnes 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 Required Lenders pursuant to §16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin)) , including any Applicable Margin and any Mandatory Cost.

Appears in 1 contract

Samples: Assignment and Assumption (Barnes 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 Required Lenders pursuant to §16.12(S)16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the rate of interest then applicable thereto (or, if no rate of interest is then applicable thereto, the Base Rate, plus the Applicable Margin), including any Applicable Margin and any Mandatory Cost.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

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