Common use of Default Rate and Payment Dates Clause in Contracts

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 43 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Fluent, Inc.), Credit Agreement (Mednax, Inc.)

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Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.10 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 17 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Horizon Lines, Inc.), Credit Agreement (American Pacific Corp)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.11 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 9 contracts

Samples: Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc), Agency Succession and Amendment Agreement (GateHouse Media, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.7 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 6 contracts

Samples: Credit Agreement (Northstar Realty), Credit Agreement (Northstar Realty), Credit Agreement (CapLease, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 4 contracts

Samples: Credit Agreement (Bravo Brio Restaurant Group, Inc.), Credit Agreement (Enova International, Inc.), Credit Agreement (Cash America International Inc)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any the Term Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.6 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Term Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 4 contracts

Samples: Credit Agreement (Pep Boys Manny Moe & Jack), Credit Agreement (Pep Boys Manny Moe & Jack), Credit Agreement (Pep Boys Manny Moe & Jack)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Revolving Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.3 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Revolving Loan shall be converted to an Alternate a Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (Official Information Co), Credit Agreement (Farm Journal Corp), Credit Agreement (T Sf Communications Corp)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate a Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (Universal Health Realty Income Trust), Credit Agreement (Universal Health Realty Income Trust), Credit Agreement (Universal Health Realty Income Trust)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Revolving Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Revolving Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan or a LIBOR Advantage Loan shall not be paid when due (after giving effect to any applicable notice or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 cure periods) (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period (or LA Interest Period, as applicable) applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Diversified Restaurant Holdings, Inc.), Credit Agreement (Diversified Restaurant Holdings, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Domestic Revolving Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (VOXX International Corp), Credit Agreement (VOXX International Corp)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.5 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (American Pacific Corp), Secured Bridge Credit Agreement (GateHouse Media, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.6 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.10 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable theretothereto and become subject to the interest rate provisions set forth in Section 2.9(b) below.

Appears in 1 contract

Samples: Credit Agreement (Capitalsource Inc)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate RateSOFR Loan shall is not be paid when due or continued as a LIBOR Rate RateSOFR Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (ARKO Corp.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Market Index Rate Loan or a LIBOR Rate Loan denominated in Dollars shall not be paid when due or continued or maintained as a LIBOR Rate Loan or a LIBOR Market Index Rate Loan, as applicable, in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Market Index Rate Loan or a LIBOR Rate Loan denominated in Dollars shall not be paid when due or continued or maintained as a LIBOR Rate Loan or LIBOR Market Index Rate Loan, as applicable, in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

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Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR LIBO Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise)) or continued as a LIBO Rate Loan in accordance with the provisions of Section 2.9, such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Ezcorp Inc)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate RateSOFR Loan shall not be paid when due or continued as a LIBOR Rate RateSOFR Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate a Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Universal Health Realty Income Trust)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a Fixed LIBOR Rate Loan shall not be paid when due or continued as a Fixed LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base a Floating LIBOR Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Sunair Electronics Inc)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate RateSOFR Loan shall not be paid when due or continued as a LIBOR Rate RateSOFR Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Fluent, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such LIBOR Rate Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Riviera Holdings Corp)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate RateTerm SOFR Loan shall not be paid when due or continued as a LIBOR Rate RateTerm SOFR Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Mednax, Inc.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan or LIBOR Market Index Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Esterline Technologies Corp)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR LIBO Rate Loan shall not be paid when due or continued as a LIBOR LIBO Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate a Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Universal Health Realty Income Trust)

Default Rate and Payment Dates. (aaa) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate a Base Rate Loan at the end of the Interest Period applicable thereto.. 0000000000.2 DMSLIBRARY01\31771180.v14 42 UNIVERSAL HEALTH REALTY INCOME TRUST FIRST AMENDMENT TO CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Universal Health Realty Income Trust)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan shall is not be paid when due or continued as a LIBOR Rate Loan in accordance with the provisions of Section 2.9 2.8 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (ARKO Corp.)

Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a LIBOR Rate Loan denominated in Dollars shall not be paid when due or continued as a LIBOR Rate Loan Loan, as applicable, in accordance with the provisions of Section 2.9 (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount of such Loan shall be converted to an Alternate Base Rate Loan at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

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