Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 52 contracts
Samples: Credit and Security Agreement, Credit and Security Agreement (Rockshox Inc), Credit and Security Agreement (Nicollet Process Engineering Inc)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances Obligations outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 2 contracts
Samples: Credit and Security Agreement (Microtel International Inc), Credit and Security Agreement (Naturade Inc)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated in writing by the Lender from time to time during that Default Period.
Appears in 1 contract
Samples: Credit and Security Agreement (Luminant Worldwide Corp)
Default Interest Rate. At any time during which any Default Periodor Event of Default shall have occurred and be continuing, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 1 contract
Samples: Credit and Security Agreement (Pentastar Communications Inc)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods during that Default Period designated by the Lender from time to time during that Default Periodtime.
Appears in 1 contract
Samples: Credit and Security Agreement (Eagle Geophysical Inc)
Default Interest Rate. At any time during any Default Period, commencing with the first day of the first month following the Default, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 1 contract
