Default Rate Period. During a Default Rate Period, (i) Borrowers' Obligations shall bear interest at the Default Rate and (ii) all payments received by Lender shall be applied in accordance with Section 8.4.
Appears in 3 contracts
Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)
Default Rate Period. During a Default Rate Periodrate period, (i) Borrowers' Obligations shall bear interest at the Default Rate and (ii) all payments received by Lender Lenders shall be applied in accordance with Section 8.4.
Appears in 3 contracts
Samples: Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc)
Default Rate Period. During a Default Rate Period, (i) Borrowers' Obligations shall bear interest at the Default Rate and (ii) all payments received by Lender shall be applied in accordance with Section 8.47.4.
Appears in 2 contracts
Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)
Default Rate Period. During a Default Rate Period, (i) Borrowers' Borrower's Obligations shall bear interest at the Default Rate Rate, and (ii) all payments received by Lender shall be applied in accordance with Section 8.47.4.
Appears in 1 contract
Samples: Senior Loan Agreement (Centennial Sepcialty Foods Corp)
Default Rate Period. During a Default Rate Period, (i) Borrowers' Borrower's Obligations shall bear interest at the Default Rate and (ii) all payments received by Lender Lenders shall be applied in accordance with Section 8.4.
Appears in 1 contract
Samples: Loan Agreement (Security Associates International Inc)
