Amounts Not Overdue. During the continuance of an Event of ------- --- ------- Default the principal of the Revolving Credit Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to (S)26, bear interest compounded monthly and payable on demand at a rate per annum equal to five percent (5%) above the Base Rate per annum.
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 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 (S)26Section 16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to five the greater of (a) two percent (52%) above the Base Rate per annum.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 (S)26§27, bear interest compounded monthly and payable on demand at a rate per annum equal to five two percent (52%) above the Base Rate per annumhighest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to §3.5.
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 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)26§16.12, bear interest compounded monthly and payable on demand at a rate per annum equal to five two percent (52%) above the Base Rate per annumrate of interest otherwise applicable to such Revolving Credit Loans pursuant to §2.5.
Appears in 1 contract
Amounts Not Overdue. During the continuance of an Event of ------- --- ------- Default the principal of the Revolving Credit Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to (S)26§26, bear interest compounded monthly and payable on demand at a rate per annum equal to five two percent (52%) above the Base Rate per annumStated Rate.
Appears in 1 contract
Samples: Revolving Credit (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 pursuant to (S)26Section 26, bear interest compounded monthly and payable on demand at a rate per annum equal to five two percent (52%) above the Base Rate per annumhighest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.5.
Appears in 1 contract
Amounts Not Overdue. During the continuance of an ------------------- Event of ------- --- ------- Default the principal of the Revolving Credit Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to (S)26ss.26, bear interest compounded monthly and payable on demand at a rate per annum equal to five one percent (51%) above the Base Rate per annumrate of interest otherwise applicable to such Loans.
Appears in 1 contract