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 Majority Banks pursuant to [Section]26, 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 and (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hadco Acquisition Corp)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans Loan 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 Banks Lender pursuant to [Section]26Section 22, 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 Section 2.5 and (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 3.10.1.

Appears in 1 contract

Samples: Term Loan Agreement (Moran Transportation Co)

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]26Section 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 Section 2.5 and the Term Loan pursuant to Section 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 6.10.1.

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 Banks Lenders pursuant to [Section]26Section 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 Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 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 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]26Section 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 Section 2.5 and Section 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 6.11.1.

Appears in 1 contract

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

Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the 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 Banks pursuant to [Section]26Section 30, 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 and (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 9.10.1.

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 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 Banks Lenders pursuant to [Section]26Section 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 Section 2.5 or Section 3.5, and (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 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 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]26Section 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 and or (ii) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 4.11.1.

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 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]26Section 26, 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 Section 2.5 or Section 4.5, as the case may be, and (iib) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 5.10.1.

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 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]26Section 26 hereof, 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 Section 2.5 hereof and (iib) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 5.11.1 hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Terex Corp)

Amounts Not Overdue. During the continuance of a Default or an Event of Default under Sections 13.1(a), (b) or (c) as it relates to Section 10, 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]26Section 26, 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 Section 2.5 and the Term Loan pursuant to Section 4.5 and (iib) the rate of interest applicable to overdue principal pursuant to [Section]5.10.1Section 5.11.1.

Appears in 1 contract

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

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