Common use of Default Rate of Interest Clause in Contracts

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon Upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, Default and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority LendersAgent, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate"). Such Default Rate shall apply automatically in the case of a Default under Section 10.1.9.

Default Rate of Interest. At the option of Agent or the ------------------------ Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate ---- otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, Default and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority LendersAgent, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At During the option of Agent or the Majority Lenders, upon and after the occurrence existence of an Event of Default, and during the continuation thereof, the principal amount of all Loans (and, to the extent permitted by Applicable Law, all accrued interest that is past due) shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority LendersRequired Banks, upon and after the occurrence and during the continuation of an Event of Default, and during the continuation thereof, the principal amount of all Loans the Term Loan shall bear interest at a rate per annum equal to two percent (2.0% %) plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or upon the instruction of the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans and Letters of Credit shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence and during the continuance of an Event of Default, and during all of the continuation thereof, the principal amount of all Loans Obligations shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon Upon and after during the occurrence of an Event of Default, and during the continuation thereofif Administrative Agent elects, the principal amount of all Loans owing by the U.S. Borrower shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority LendersAgent, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).. 2.1.3

Default Rate of Interest. At the option of Agent or the Majority Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or upon the instruction of the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans and Letters of Credit shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "“Default Rate"”).

Default Rate of Interest. At the option of Agent or the Majority Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus the interest rate otherwise applicable thereto (the "Default Rate")) and the LC Percent shall be increased by an amount equal to 2% per annum.

Default Rate of Interest. At Upon the occurrence and during the continuance of an Event of Default at the option of Agent or the Majority Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, Required Lenders the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, ------------------------ upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2%) above the interest rate otherwise applicable thereto (the "Default Rate").

Default Rate of Interest. At the option of Agent or the Majority Lenders, upon and after the occurrence of While an Event of Default, and during the continuation thereofDefault exists, the principal amount of all Loans shall bear interest at a rate per annum equal to 2.0% plus two percent (2.00%) above the interest Applicable Annual Rate or at such other rate otherwise applicable thereto per annum above the Applicable Annual Rate (not to exceed two percent (2.00%)) as Agent shall, in its sole discretion, elect (the "Default Rate").