Common use of Amounts Not Overdue Clause in Contracts

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans and any of the PIK Notes not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Lenders pursuant to ss.27, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.5.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans and any of the PIK Notes 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 Required Lenders pursuant to ss.27ss. 16.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss. 5.11.1.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans and any of the PIK Notes 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 Lenders pursuant to ss.27, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans and any of the PIK Notes not overdue shall, until such Event of Default has been cured or cured, remedied or such Event of Default has been waived by the Majority Required Lenders pursuant to ss.27ss.17.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to ss.5.11.1ss.6.10.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Furrs Restaurant Group Inc)

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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans and any of the PIK Notes not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Lenders pursuant to ss.27, bear interest at a rate per annum equal to the rate of interest interesT applicable to overdue principal pursuant to ss.5.11.1ss.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

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