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 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)27, 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 (S)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)6.11.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

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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)27S)24, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to or (S)2.5 and the Term Loan pursuant to (S)4.5 and (bii) the rate of interest applicable to overdue principal pursuant to (S)6.11S)4.11.

Appears in 2 contracts

Samples: Revolving 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)27S)25, 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 (S)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)6.11S)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 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)27, bear interest at a rate per annum equal to the greater of (ai) two three percent (23%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to (S)2.5 and the Term Loan pursuant to (S)4.5 and (bii) the rate of interest applicable to overdue principal pursuant to (S)6.11S)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)27toss.26, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to (S)2.5 and the Term Loan pursuant to (S)4.5 ss.2.5 and (bii) the rate of interest applicable to overdue principal pursuant to (S)6.11toss.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

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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)27, 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 (S)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)6.11.

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)27ss.27, bear interest at a rate per annum equal to the greater of (ai) two three percent (23%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to (S)2.5 ss.2.5 and the Term Loan pursuant to (S)4.5 ss.4.5 and (bii) the rate of interest applicable to overdue principal pursuant to (S)6.11.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 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)27, 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 (S)2.5 and the Term Loan pursuant to (S)4.5 and (b) the rate of interest applicable to overdue principal pursuant to (S)6.11.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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