Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate. (ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 24 contracts
Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 16 contracts
Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Revolving Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Loans Revolving Loan and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 8 contracts
Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Loans Loan and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (PNM Resources Inc), Term Loan Credit Agreement (Texas New Mexico Power Co), Term Loan Credit Agreement (PNM Resources Inc)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request option of the Required LendersLender, the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 2 contracts
Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Revolving Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Revolving Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 1 contract
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a), the principal of and, to the extent permitted by Law, interest on the Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including including, without limitation limitation, fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Loans Loan and any other amounts owing hereunder or under the other Loan Credit Documents (including including, without limitation limitation, fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 1 contract
Samples: Delayed Draw Term Loan Agreement (Public Service Co of New Mexico)
Default Rate of Interest. (i) After the occurrence, and during the continuation, of an Event of Default pursuant to Section 9.1(a8.1(a), the principal of and, to the extent permitted by Law, interest on the Term Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
(ii) After the occurrence, and during the continuation, of an Event of Default (other than an Event of Default pursuant to Section 9.1(a8.1(a)), at the request of the Required Lenders, the principal of and, to the extent permitted by Law, interest on the Term Loans and any other amounts owing hereunder or under the other Loan Credit Documents (including without limitation fees and expenses) shall bear interest, payable on demand, at the Default Rate.
Appears in 1 contract