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 (S)24, bear interest at a rate per annum equal to the greater of (i) four percent (4%) above the rate of interest otherwise applicable to such Loans or (ii) the rate of interest applicable to overdue principal pursuant to (S)4.11.1.
Appears in 2 contracts
Samples: Credit Agreement (New England Business Service Inc), 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 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 (S)24S)27, bear interest at a rate per annum equal to the greater of (ia) four two percent (42%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to (iiS)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)4.11.1S)6.11.1.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics 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 (S)24S)27, bear interest at a rate per annum equal to the greater of (i) four three percent (43%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to (S)2.5 and the Term Loan pursuant to (S)4.5 and (ii) the rate of interest applicable to overdue principal pursuant to (S)4.11.1S)6.11.1.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics 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 (S)24ss.27, bear interest at a rate per annum equal to the greater of (i) four three percent (43%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to ss.2.5 and the Term Loan pursuant to ss.4.5 and (ii) the rate of interest applicable to overdue principal pursuant to (S)4.11.1.ss.6.11.1. 41 -35-
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics 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 (S)24S)25, bear interest at a rate per annum equal to the greater of (ia) four two percent (42%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to (iiS)2.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)4.11.1S)4.10.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Answer Think Consulting Group 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 (S)24toss.26, bear interest at a rate per annum equal to the greater of (i) four percent (4%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to ss.2.5 and (ii) the rate of interest applicable to overdue principal pursuant to (S)4.11.1toss.5.10.1.
Appears in 1 contract
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 (S)24S)27, bear interest at a rate per annum equal to the greater of (ia) four two percent (42%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to (iiS)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)4.11.1S)6.11.1.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics 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 (S)24S)27, bear interest at a rate per annum equal to the greater of (ia) four two percent (42%) above the rate of interest otherwise applicable to such Revolving Credit Loans or pursuant to (iiS)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)4.11.1S)6.11.1.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics 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 (S)24[Section]26, bear interest at a rate per annum equal to the greater of (i) four two percent (42%) above the rate of interest otherwise applicable to such Loans or pursuant to [Section]2.5 and (ii) the rate of interest applicable to overdue principal pursuant to (S)4.11.1[Section]5.10.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hadco Acquisition Corp)