Common use of Default Rate of Interest Clause in Contracts

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at rates that are five two percent (5.02.0%) per annum in excess of the rates otherwise payable under this Agreementin effect, including, without limitation, rates in effect pursuant to the proviso in the second sentence of Subsection 1.2(B), with respect to such Loans and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionother Obligations.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five two percent (5.02.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b2.4(b) shall increase by a rate that is five two percent (5.02.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of the Administrative Agent or Required the Requisite Lenders, after the occurrence of an Event of Default pursuant to either Subsection 6.1(A) or 6.1(C) and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum 2.00% in excess of the rates otherwise payable under this Agreement, in effect (after giving effect to the proviso in the second sentence of Subsection 1.2(B)) with respect to such Loans and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionother Obligations.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum 2% in excess of the rates otherwise in effect, including, rates in effect pursuant to Subsection 1.2(B), with respect to such Loans and other Obligations. Interest accruing pursuant to this Subsection 1.2(E) is payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionon demand.

Default Rate of Interest. At the election of Administrative ------------------------ Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at variable rates that are five two percent (5.02.000%) per annum in excess of the rates otherwise payable under this Agreementin effect, including, without limitation, rates in effect pursuant to the proviso in the second sentence of Subsection 1.2(B), with respect to such Loans and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionother Obligations.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum in excess of the rates otherwise payable under this AgreementAgreement (each, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Section"Default Rate").

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of the Administrative Agent or Required the Requisite Lenders, after the occurrence of an Event of Default pursuant to either Subsection 6.1(A) or 6.1(D) and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum 2.00% in excess of the rates otherwise payable under this Agreement, in effect (after giving effect to the second proviso in Subsection 1.2(B)) with respect to such Loans and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionother Obligations.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at variable rates that are five two percent (5.02.000%) per annum in excess of the rates otherwise payable under this Agreement, and in effect (bafter giving effect to the last proviso in Subsection 1.2(B)) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under with respect to such Section.Loans or other Obligations

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Revolving Loans and other Obligations shall bear interest at rates that are five four percent (5.04.0%) per annum in excess of the rates otherwise payable under this AgreementAgreement (“Default Interest Rate”), and (b) the fee described in Section 2.5(b) shall increase by a rate that is five four percent (5.04.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at variable rates that are five two percent (5.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.02.000%) in excess of the rate otherwise payable under such Sectionsum of the Base Rate plus the applicable Base Rate Margin (after giving effect to the last proviso in Subsection 1.2(B)).

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five two percent (5.02.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are five three percent (5.03.0%) per annum in excess of the rates otherwise payable under this Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five three percent (5.03.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (ai) the Loans and other Obligations shall bear interest at rates that are five three percent (5.03.0%) per annum in excess of the rates otherwise payable under this Agreement, Agreement and (bii) the fee described in Section 2.5(b) shall increase by a rate that is five three percent (5.03.0%) in excess of the rate otherwise payable under such Section.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at variable rates that are five two percent (5.02.000%) per annum in excess of the rates otherwise payable under this Agreementin effect, including, without limitation, rates in effect pursuant to the proviso in the second sentence of Subsection 1.2(B), with respect to such Loans and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Sectionother Obligations.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the all Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum 2.000% in excess of the rates otherwise highest applicable margin set forth in Subsection 1.2(B) or the Fixed Interest Rate, as applicable. Interest accruing pursuant to this Subsection 1.2(E) is payable under this on demand. Credit Agreement, and (b) the fee described in Section 2.5(b) shall increase by a rate that is five percent (5.0%) in excess of the rate otherwise payable under such Section./Shenandoah Telecommunications Company