Common use of Interest After Event of Default Clause in Contracts

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, shall, at Beneficiary’s option, bear interest at the Default Rate until such Event of Default has been cured. Trustor’s obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 2 contracts

Samples: Security Agreement (Fulcrum Bioenergy Inc), Security Agreement (Fulcrum Bioenergy Inc)

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Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, Obligations shall, at Beneficiary’s 's option, bear interest at the Default Rate rate applicable to overdue principal set forth in the Credit Agreement until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, shall, at Beneficiary’s 's option, bear interest at the Default Rate interest rate on the [NOTES] until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, shall, at Beneficiary’s 's option, bear interest at the Default Rate interest rate on the Note until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Escrow Agreement (Ormat Technologies, Inc.)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including Notes and this Leasehold Deed of Trust, Trust shall, at Beneficiary’s 's option, bear interest at the Default Rate until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Leasehold Deed of Trust.

Appears in 1 contract

Samples: Leases and Security Agreement (Grand Canal Shops Mall Construction LLC)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, shall, at Beneficiary’s 's option, bear interest at the Default Rate interest rate on the Notes until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Security Agreement (Calpine Corp)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including Notes and this Deed of Trust, Trust shall, at Beneficiary’s 's option, bear interest at the Default Rate rate applicable to overdue principal set forth in Section 4.01 of the Mortgage Notes Indenture until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Leases and Security Agreement (Grand Canal Shops Mall Construction LLC)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including Documents and this Deed of Trust, Trust shall, at Beneficiary’s 's option, bear interest at the Default Rate interest rate on the Notes until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Subordination Agreement (Calpine Corp)

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Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Financing Documents, including this Deed of Trust, shall, at Beneficiary’s 's option, bear interest at the Default Rate interest rate on the Note until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Term Power Purchase Agreement (Ormat Technologies, Inc.)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including Promissory Note and this Deed of Trust, Trust shall, at Beneficiary’s 's option, bear interest at the Default Rate default interest rate on the Promissory Note until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Lease Agreement (Showboat Inc)

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, Obligations shall, at Beneficiary’s 's option, bear interest at the Default Rate rate applicable to overdue principal set forth in the Mortgage Notes Indenture until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Wynn Las Vegas LLC

Interest After Event of Default. If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including Notes and this Deed of Trust, Trust shall, at Beneficiary’s 's option, bear interest at the Default Rate until such Event of Default has been cured. Trustor’s 's obligation to pay such sums and interest shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Aladdin Capital Corp)

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