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

Interest After an Event of Default. (i) Subject to Section 11.9 hereof, after an Event of Default (other than an Event of Default specified in Section 8.1(f) or (g) hereof) and during any continuance thereof, at the option of the Determining Lenders and after written notice to the Borrower by the Administrative Agent, and (ii) after an Event of Default specified in Section 8.1(f) or (g) hereof and during any continuance thereof, automatically and without any action by the Administrative Agent 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 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 or to exercise any other rights or remedies under the Loan Documents to charge interest at the Default Rate. The Lenders shall not be required to give notice to the Borrower of the decision to charge interest at the Default Rate under the first clause (ii) above.

Interest After an Event of Default. (i) Subject to Section 11.9 hereof, (i) after an Event of Default (other than an Event of Default specified in Section 8.1(f8.1(e) or (gf) hereof) and during any continuance thereof, at the option of the Determining Lenders and after written notice to the Borrower by the Administrative Agent, and (ii) after an Event of Default specified in Section 8.1(f8.1(e) or (gf) hereof and during any continuance thereof, automatically and without any action by the Administrative Agent 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 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 or to exercise any other rights or remedies under the Loan Documents to charge interest at the Default Rate. The Lenders shall not be required to give notice to the Borrower of the decision to charge interest at the Default Rate under the first clause (ii) aboveRate.

Interest After an Event of Default. (i) Subject to Section 11.9 hereof, after After an Event of Default (other than an Event of Default specified in Section 8.1(f) or (g) hereof) and during any continuance thereof, at the option of the Determining Lenders and after written notice to the Borrower by provided that the Administrative AgentLender has given notice of the decision to charge interest at the Default Rate, and (ii) after an Event of Default specified in Section 8.1(f) or (g) hereof and during any continuance thereof, automatically and without any action or notice by the Administrative Agent 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 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 or Advances, to exercise any other rights or remedies under the Loan Documents to charge interest at the Default Rate. The Lenders shall not be required Documents, or to give notice to the Borrower of the decision to charge interest at the Default Rate under the first clause (ii) aboveRate.

Interest After an Event of Default. (i) Subject to Section 11.9 hereof, after After an Event of Default (other than an Event of Default specified in Section 8.1(f) or (g) hereof) and during any continuance thereof, at the option of the Determining Lenders and after written notice to the Borrower by the Administrative AgentLenders, and (ii) after an Event of Default specified in Section 8.1(f) or (g) hereof and during any continuance thereof, automatically and without any action by the Administrative Agent 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 or the Term Loan Maturity Date, as appropriate, and shall accrue until the earlier of (i) waiver or cure 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 or Advances, to exercise any other rights or remedies under the Loan Documents to charge interest at the Default Rate. The Lenders shall not be required Documents, or to give notice to the Borrower of the decision to charge interest at the Default Rate under the first clause (ii) aboveRate.

Interest After an Event of Default. (ia) Subject to Section 11.9 hereof, after If an Event of Default exists (other than an Event of Default specified in Section 8.1(f9.1(e) or (g) hereof) and during any continuance thereoff)), at the option of the Determining Lenders and after written notice to the Borrower by the Administrative AgentRequired Lenders, and (iib) after an Event of Default specified in Section 8.1(f9.1(e) or (gf) hereof and during any continuance thereof, automatically and without any action by the any Lender or Administrative Agent or any LenderAgent, 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 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 Required Lenders) of the applicable Event of Default, (iib) agreement by the Determining 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 Advances or any Loan, to exercise any other rights or remedies under the Loan Documents to charge interest at the Default Rate. The Lenders shall not be required Documents, or to give notice to the Borrower of the decision to charge interest at the Default Rate under Rate. Administrative Agent will undertake to notify Borrower, after the first clause (ii) aboveeffective date, of the decision to charge interest at the Default Rate.