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 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 §16.12, 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 §2.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

AutoNDA by SimpleDocs

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 §16.12(S)26, bear interest compounded monthly and payable on demand at a rate per annum equal to two five percent (25%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.5Base Rate per annum.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking 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 §16.1226, 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 §2.5Stated Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weider Nutrition International 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 Lenders pursuant to §16.1226, 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 §2.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Filenes Basement Corp)

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 §16.1227, bear interest at a rate per annum equal to two percent (2%) above the highest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.53.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp 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 Required Lenders pursuant to §Section 16.12, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.5.the

Appears in 1 contract

Samples: Revolving Credit Agreement (Us Xpress Enterprises 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 §16.12Section 26, bear interest at a rate per annum equal to two percent (2%) above the highest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §Section 2.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

AutoNDA by SimpleDocs

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 Bank pursuant to §16.12Section 24, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.5.applicable

Appears in 1 contract

Samples: Revolving Credit Agreement (Helix Technology Corp)

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 §16.12, 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 §2.5.Event

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 under Section 9.1(a), (b), or (c) hereof, the principal of the Revolving Credit Bank 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 §16.12Section 10.2 hereof, bear interest at a rate per annum equal to two percent (2%) above plus the rate of interest otherwise applicable to ---- such Revolving Credit Bank Loans pursuant to §2.5Section 2.2(c) hereof.

Appears in 1 contract

Samples: Loan Agreement (Medallion Financial Corp)

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 §16.12ss.27, bear interest at a rate per annum equal to two four percent (24%) above the interest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.5ss.

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!