Common use of Interest After Event of Default Clause in Contracts

Interest After Event of Default. Interest on the amount of principal under the Loan outstanding as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the rate or rates at which the Loan is then bearing interest, plus 200 basis points. In the event of any change in said applicable interest rate, the rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.

Interest After Event of Default. Interest on the outstanding principal amount of principal Advances under the Loan outstanding Credit Facility as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the higher of (i) the annual rate or rates at which the Loan Credit Facility is then bearing interest, plus 200 basis pointsthree and one-half percent (3.5%) per annum or (ii) ten and one-half percent (10.5%) (such higher rate being the "Default Rate"). In the event of any change in said applicable interest rate, the rate Default Rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.

Interest After Event of Default. Interest on the amount outstanding principal balance of principal under the Loan outstanding Credit Facility as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the higher of (x) fifteen (15%) per annum or (y) the annual rate or rates at which the Loan Credit Facility is then bearing interest, plus 200 basis pointsfive percent (5%) per annum (such higher rate being the “Default Rate”). In the event of any change in said applicable interest rate, the rate Default Rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.

Interest After Event of Default. Interest on the outstanding principal amount of principal Advances under the Loan outstanding Credit Facility as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the higher of (x) 12.00% per annum or (y) the annual rate or rates at which the Loan Credit Facility is then bearing interest, plus 200 basis pointssix percent (6.00%) per annum (such higher rate being the “Default Rate”). In the event of any change in said applicable interest rate, the rate Default Rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.

Interest After Event of Default. Interest on any amount of matured principal under the Loans, and interest on the amount of principal under the Loan Loans outstanding as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the rate or rates at which the Loan is Loans are then bearing interestinterest pursuant to Section 4.1 above, plus 200 basis points. In the event of any change in said applicable interest rate, the rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Credit Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.

Interest After Event of Default. Interest on the outstanding principal amount of principal Advances under the Loan outstanding Credit Line as of the date an Event of Default occurs, and at all times thereafter until the earlier of the date upon which (a) all Obligations have been paid and satisfied in full or (b) such Event of Default shall have been cured or waived, shall be payable on demand at a rate equal to the rate or rates at which the Loan is then bearing interest, plus 200 basis points. In the event of any change in said applicable interest rate, the rate hereunder shall change, effective as of the day the applicable interest rate changes, so as to remain 200 basis points above the then applicable interest rate. To the extent permitted by applicable law, interest shall accrue at the applicable contract rate(s) provided for in this Agreement notwithstanding the occurrence of any Event of Default, acceleration of the Obligations, the entry of any judgment, or the commencement of any bankruptcy, reorganization, receivership or other proceedings.