Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a SOFR Loan shall not be paid when due or continued as a 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 3 contracts
Samples: Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.), Credit Agreement (Osi Systems Inc)
Default Rate and Payment Dates. (a) If all or a portion of the principal amount of any Loan which is a SOFR Loan shall is not be paid when due or continued as a SOFR 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.)
