Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.0% per annum (the “Default Rate”).
Appears in 8 contracts
Samples: And Security Agreement (Americasdoctor Inc), Revolving Credit and Security Agreement (America Service Group Inc /De), Loan and Security Agreement (NationsHealth, Inc.)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.05% per annum (the “Default Rate”). Such increase shall be in addition to any other specific charges provided for herein for noncompliance with specific provisions of this Agreement.
Appears in 5 contracts
Samples: Credit and Security Agreement (ALKALINE WATER Co INC), Credit and Security Agreement (Interpace Diagnostics Group, Inc.), Credit and Security Agreement (TRANS LUX Corp)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.0% per annum (the “"Default Rate”").
Appears in 4 contracts
Samples: Credit and Security Agreement (Millstream Acquisition Corp), Credit and Security Agreement (Synavant Inc), Revolving Credit and Security Agreement (Millstream Acquisition Corp)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.05.0% per annum (the “"Default Rate”").
Appears in 3 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Sunset Brands Inc), Credit, Term Loan and Security Agreement (PHC Inc /Ma/), Term Loan and Security Agreement (PHC Inc /Ma/)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.04.0% per annum (the “Default Rate”).
Appears in 2 contracts
Samples: Credit and Security Agreement (Ventures National Inc), Revolving Credit and Security Agreement (Occupational Health & Rehabilitation Inc)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Interest Rate of interest then in effect at such time with respect to the Obligations shall be increased by 3.0% two percent (2%) per annum (the “Default Rate”). Interest at the Default Rate shall accrue from the initial date of such Event of Default until such Event of Default is waived or ceases to continue, and shall be payable upon demand.
Appears in 2 contracts
Samples: Note Issuance and Purchase Agreement (Enova International, Inc.), Note Issuance and Purchase Agreement (Enova International, Inc.)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.0% two percent (2%) per annum (the “Default Rate”). Such increase shall be in addition to any other specific charges provided for herein for noncompliance with specific provisions of this Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Scilex Holding Co), Credit and Security Agreement (Vickers Vantage Corp. I)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate rate of interest in effect at such time with respect to the Obligations shall be increased by 3.02% per annum (the “Default Rate”).
Appears in 2 contracts
Samples: Credit and Security Agreement (Diamond Resorts Parent, LLC), Credit and Security Agreement (Diamond Resorts Parent, LLC)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.05.0% per annum (the “Default Rate”).
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Derma Sciences, Inc.), Revolving Credit and Security Agreement (Rita Medical Systems Inc)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.03.00% 35 per annum (the “Default Rate”). Such increase shall be in addition to any other specific charges provided for herein for noncompliance with specific provisions of this Agreement.
Appears in 1 contract
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.02.0% per annum (the “Default Rate”).
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Women First Healthcare Inc)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.0% per annum (the “Default Rate”)) upon notice by Lender to Borrower.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Teltronics Inc)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations and shall be increased by 3.04.0% per annum (the “Default Rate”).
Appears in 1 contract
Samples: Loan and Security Agreement (Access Worldwide Communications Inc)
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.0% one percent (1%) per annum (the “Default Rate”)) or to the maximum legal rate whichever is the lesser.
Appears in 1 contract
Samples: Postpetition Revolving Credit and Security Agreement
Default Rate of Interest. Upon the occurrence and during the continuation of an Event of Default, the Applicable Rate of interest in effect at such time with respect to the Obligations shall be increased by 3.04.0% per annum (the “"Default Rate”").
Appears in 1 contract
Samples: Term Loan and Security Agreement (Derma Sciences Inc)
