Common use of Interest After Event of Default Clause in Contracts

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans shall be payable on demand at a rate per annum equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%).

Appears in 2 contracts

Samples: Loan and Security Agreement (American Railcar Industries, Inc./De), Loan and Security Agreement (American Railcar Industries, Inc./De)

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Interest After Event of Default. From the date of occurrence of any an Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or and (ii) such Event of Default shall have been cured or waived, interest on the Loans shall be payable on demand at a rate per annum equal to the rate that would be otherwise applicable thereto in effect under Section 4.1 3.1, plus up to an additional two percent (2%).

Appears in 1 contract

Samples: Credit Agreement (Alterra Healthcare Corp)

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans Obligations shall be payable on demand at a rate per annum (the "Default Rate") equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (22.00%).

Appears in 1 contract

Samples: Loan and Security Agreement (Icahn Enterprises L.P.)

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans shall be payable on demand at a rate per annum equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%).

Appears in 1 contract

Samples: Loan and Security Agreement (American Railcar Industries, Inc.)

Interest After Event of Default. From the date of occurrence of any an Event of Default until the earlier of the date upon which (i) the date all Obligations shall have been paid and satisfied in full or (ii) the date such Event of Default shall have been cured or is waived, the Borrower shall be obligated to pay to the Lenders interest on the Loans shall be payable and on demand the Letter of Credit Obligations calculated at a rate rates per annum equal to the rate that would be otherwise applicable thereto rates in effect under Section 4.1 Sections 4.1, 4.2 and 4.4 plus up to an additional in each case two percent (2%) percentage points (200 basis points).

Appears in 1 contract

Samples: Credit Agreement (Mobile Mini Inc)

Interest After Event of Default. From the date of occurrence of any an Event of Default until the earlier to occur of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans Consolidated Bridge Loan shall be payable on demand at a rate per annum equal to the rate that would be otherwise applicable thereto under Section 4.1 Prime Rate plus up to an additional two five and three-quarter percent (25-3/4%).

Appears in 1 contract

Samples: Bridge Loan Agreement (Halsey Drug Co Inc/New)

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans Obligations shall be payable on demand at a rate per annum (the “Default Rate”) equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%).

Appears in 1 contract

Samples: Loan and Security Agreement (American Real Estate Partners L P)

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Interest After Event of Default. From the date of occurrence of any Event of Default (past any applicable notice or cure period) until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waivedwaived by Lender, interest on the Loans shall be payable on demand at a rate per annum equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%)) per annum.

Appears in 1 contract

Samples: Credit Agreement (Vizio, Inc.)

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans Loan shall be payable on demand accrue at a rate per annum equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two seven percent (27%) ("Default Interest").

Appears in 1 contract

Samples: Loan and Security Agreement (SLM Holdings, Inc.)

Interest After Event of Default. From If any Event of Default occurs, then from the date of occurrence of any such Event of Default until the earlier of (a) the date upon which (i) all Obligations shall have been paid and satisfied in full or (iib) the date such Event of Default is duly waived in writing, Borrower shall have been cured or waived, pay to Lender interest on the Loans shall be payable on demand calculated at a rate rates per annum equal to the rate that would be otherwise applicable thereto rates from time to time then in effect under Section 4.1 plus up to an additional two Sections 3.1 hereof plus, in each case, three percent (23%). Such amounts shall be payable promptly upon demand by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Fitness Physical Therapy Inc)

Interest After Event of Default. From the date of occurrence of any Event of Default until the earlier of the date upon which (i) all Obligations shall have been paid and satisfied in full or (ii) such Event of Default shall have been cured or waived, interest on the Loans Obligations shall be payable on demand at a rate per annum (the "Default Rate") equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%).

Appears in 1 contract

Samples: Loan and Security Agreement (Westpoint International Inc)

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