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, the Term Loan and the International Facility 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 Lenders pursuant to Section 27, bear interest at a rate per annum equal to the greater of (i) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.1.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 2726, bear interest at a rate per annum equal to the greater of (ia) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.54.5, as the case may be, and (iib) the rate of interest applicable to overdue principal pursuant to Section 6.11.15.10.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault under Sections 13.1(a), (b) or (c) as it relates to Section 10, the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 2726, bear interest at a rate per annum equal to the greater of (ia) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.5 or and the Term Loan pursuant to Section 3.5, 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to Section 6.11.15.11.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Stride & Associates Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 27, bear interest at a rate per annum equal to the greater of (ia) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.5 or and the Term Loan pursuant to Section 3.5, 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to Section 6.11.16.10.1.

Appears in 1 contract

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

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 2724, bear interest at a rate per annum equal to the greater of (i) two four percent (24%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.14.11.1.

Appears in 1 contract

Samples: Credit Agreement (New England Business Service Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders pursuant to Section 2718.12, bear interest at a rate per annum equal to the greater of (ia) two percent (22.0%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (iib) the rate of interest applicable to overdue principal pursuant to Section 6.11.17.11.1.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD/De)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 2726, bear interest at a rate per annum equal to the greater of (i) two percent (2%) per annum above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.15.10.1. 5.11.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rollins Truck Leasing Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility Loans not overdue shall, from and after the fifth day after such Event of Default and 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 Lenders Lender pursuant to Section 2722, bear interest at a rate per annum equal to the greater of (i) two percent (2%) above the rate of interest otherwise applicable to such Loans the Term Loan pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.13.10.1.

Appears in 1 contract

Samples: Term Loan Agreement (Moran Transportation Co)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 27sect.24, bear interest at a rate per annum equal to the greater of (i) two four percent (24%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.1sect.4.11.1. 4.12.

Appears in 1 contract

Samples: Revolving Credit Agreement (New England Business Service Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, the principal of the Revolving Credit Loans, the Term Loan Loans and the International Facility 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 Lenders pursuant to Section 27, bear interest at a rate per annum equal to the greater of (i) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.1.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility Loans not overdue shall, after notice to the Borrower from the Agent, 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 Lenders Banks pursuant to Section 2730, bear interest at a rate per annum equal to 63 -56- the greater of (i) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to Section 6.11.19.10.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mercury Air Group Inc)

Amounts Not Overdue. During the continuance of a Default or an Event of Default, Default the principal of the Revolving Credit Loans, the Term Loan and the International Facility 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 Lenders Banks pursuant to Section 27, bear interest at a rate per annum equal to the greater of (ia) two percent (2%) above [**] the rate of interest otherwise applicable to such Loans pursuant to Section 2.5 or and Section 3.5, 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to Section 6.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

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