Common use of Interest After an Event of Default Clause in Contracts

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(f) hereof) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan Papers, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than an Event of Default specified in Section 7.1(f9.1(e) hereof) and during any continuance thereofor (f)), at the option of Determining LendersLender, and (iib) after an Event of Default specified in Section 7.1(f9.1(e) hereof or (f) and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand or the Revolving Loan Maturity Date, Date and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining LendersLender) of the applicable Event of Default, (iib) agreement by the Lenders Lender to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Lenders Lender shall not be required to accelerate the maturity of the AdvancesRevolving Loans, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Lender will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(fSECTION 8.1(b) hereofas a result of the failure to make any required principal or interest payment on the Loans or any required payment of fees under SECTIONS 2.4(a) or 2.15(f), and during any continuance thereof, at the option of the Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or the Revolving Commitment Maturity Date and the Term Loan Maturity Date, as appropriate, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Determining Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(f8.1(f) or (g) hereof) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f8.1(f) or (g) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate, provided, however, the failure of the Lenders to provide such notice shall not preclude the Lenders from charging interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than an Event of Default specified in Section 7.1(f8.1(d) hereof) and during any continuance thereofor (e)), at the option of Determining Required Lenders, and (iib) after an Event of Default specified in Section 7.1(f8.1(d) hereof or (e) and during any continuance thereof, automatically and without any action by the Administrative any Lender or any LenderAdministrative Agent, the Obligations shall bear interest at a rate per annum equal to the lesser (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, Termination Date and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining Required Lenders) of the applicable Event of Default, (iib) agreement by the Required Lenders to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Neither Lenders nor Administrative Agent shall not be required to accelerate the maturity of the Advancesany Revolving Loan, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Administrative Agent will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(f8.1(e) or (f) hereof) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f8.1(e) or (f) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or each Quarterly Date and on the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders or all Lenders, as applicable) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than an Event of Default specified in Section 7.1(f9.1(e) hereof) and during any continuance thereofor (f)), at the option of Determining LendersLender, and (iib) after an Event of Default specified in Section 7.1(f9.1(e) hereof or (f) and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand demand, the Termination Date or the applicable Term Loan Maturity Date, Date and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining LendersLender) of the applicable Event of Default, (iib) agreement by the Lenders Lender to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Lenders Lender shall not be required to accelerate the maturity of the Advancesany Loan, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Lender will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than a Default specified in Section 8.1(e) or (f)), at the option of Lender, and (b) if an Event of Default specified in Section 7.1(f8.1(e) hereofor (f) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f) hereof and during any continuance thereofexists, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand or and the Advance Loan Maturity Date, and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining LendersLender) of the applicable Event of Default, (iib) agreement by the Lenders Lender to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Lenders Lender shall not be required to accelerate the maturity of the AdvancesAdvance Loans, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Lender will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate. The determination of the Default Rate by Lender shall be prima facie evidence as to the Default Rate.

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(f8.1(f) or (g) hereof) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f8.1(f) or (g) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than an Event of Default specified in Section 7.1(f8.1(d) hereof) and during any continuance thereofor (e)), at the option of Determining LendersLender, and (iib) after if an Event of Default specified in Section 7.1(f8. 1(d) hereof and during any continuance thereofor (e) exists, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand or and the Maturity Date, respectively, and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining LendersLender) of the applicable Event of Default, (iib) agreement by the Lenders Lender to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Lenders Lender shall not be required to accelerate the maturity of the AdvancesTerm Loan, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Lender will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate. The determination of the Default Rate by Lender shall be prima facie evidence as to the facts thereof.

Interest After an Event of Default. (i) After an Event of Default (other than an Event of Default specified in Section 7.1(f8.1(g) or (h) hereof) and during any continuance thereof, at the option of Determining Lenders, and (ii) after an Event of Default specified in Section 7.1(f8.1(g) or (h) hereof and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the Default Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to accelerate the maturity of the Advances, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.

Interest After an Event of Default. (ia) After If an Event of Default exists (other than an Event of Default specified in Section 7.1(f9.1(e) hereofor (f) and during any continuance thereofof the Credit Agreement), at the option of Determining LendersLender, and (iib) after an Event of Default specified in Section 7.1(f9.1(e) hereof or (f) of the Credit Agreement and during any continuance thereof, automatically and without any action by the Administrative Lender or any Lender, the Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Default Rate and (ii) the Highest Lawful Rate. Such interest shall be payable on the earlier of demand or the Maturity Date, Facility B Loan Termination Date and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Determining LendersLender) of the applicable Event of Default, (iib) agreement by the Lenders Lender to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations. The Lenders Lender shall not be required to accelerate the maturity of the AdvancesFacility B Loans, to exercise any other rights or remedies under the Loan PapersDocuments, or to give notice to the Borrower of the decision to charge interest at the Default Rate. The Lenders Lender will undertake to notify the Borrower, after the effective date, of the decision to charge interest at the Default Rate.