Arrears of Interest. Any arrears of interest or principal shall bear interest at a rate that is two percent (2%) per annum higher than the rate of interest payable in respect of the relevant principal amount of the Loan and shall be calculated and exigible on the same basis.
Appears in 5 contracts
Samples: Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee)
Arrears of Interest. Any arrears of interest or principal shall bear interest at a rate that is two percent (2%) per annum higher than the rate of interest payable in respect of the relevant principal amount of the Loan Obligations and shall be calculated and exigible payable on the same basis.
Appears in 3 contracts
Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee)
Arrears of Interest. Any arrears of interest or principal shall bear interest at a rate that is two percent (2%) per annum higher than the rate of interest payable in respect of the relevant principal amount of the Loan and shall be calculated and exigible payable on the same basis.
Appears in 1 contract
