Common use of Interest After Maturity Clause in Contracts

Interest After Maturity. The Company shall pay to the Banks interest on any amount of principal of any Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (but not including) the date of payment thereof in full, at the rate per annum, which is equal to the greater of (i) 2% in excess of the rate applicable to the unpaid amount immediately before it became due or (ii) 2% in excess of the Alternate Base Rate from time to time in effect. Interest after maturity shall be payable on demand.

Appears in 4 contracts

Samples: Revolving Credit Agreement (NPC International Inc), Revolving Credit Agreement (NPC International Inc), Revolving Credit Agreement (NPC International Inc)

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Interest After Maturity. The Company shall pay to the Banks interest on any amount of principal of any Loan Advance which is not paid when due, whether at stated maturitythe Termination Date, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (but not including) the date of payment thereof in full, full at the rate per annum, annum which is equal to the greater of (i) 2% one percent (1%) in excess of the rate applicable to the unpaid amount immediately before it became due due, or (ii) 2% one percent (1%) in excess of the Alternate Base Reference Rate from time to time in effect. Interest after maturity shall be payable on demand.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Michael Foods Inc /Mn), Revolving Loan Agreement (North Star Universal Inc)

Interest After Maturity. The Company Borrower shall pay to the Banks Bank interest on any amount of principal of any Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (to, but not including) , the date of payment thereof in full, full at the rate per annum, annum which is equal to the greater of (i) 2% in excess of the rate applicable to the unpaid amount immediately before it became due or (ii) 2% in excess of the Alternate Base Reference Rate in effect from time to time in effecttime. Interest after maturity After maturity, accrued interest shall be payable on demand.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust), Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust)

Interest After Maturity. The Company shall pay to the Banks interest on any amount of principal of any Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (but not including) the date of payment thereof in full, full at the rate per annum, annum which is equal to the greater of (i) two percentage points (2% %) in excess of the rate applicable to the unpaid amount immediately before it became due due, or (ii) 2% two and one-half percentage points (2 1/2%) in excess of the Alternate Base Floating Rate from time to time in effect. Interest after maturity shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Trans Leasing International Inc)

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Interest After Maturity. The Company shall pay to the Banks Bank interest on any amount of principal of any Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (to, but not including) , the date of payment thereof in full, full at the rate per annum, annum which is equal to the greater of (i) 2% in excess of the rate applicable to the unpaid principal amount immediately before it became due due, or (ii) 2% in excess of the Alternate Base Rate from time to time in effectapplicable per annum rate of interest otherwise payable hereunder. Interest after maturity After maturity, accrued interest shall be payable on demand.

Appears in 1 contract

Samples: Revolving Credit Agreement (Executone Information Systems Inc)

Interest After Maturity. The Company Borrower shall pay to the Banks interest on any amount of principal of any Loan which is not paid when due, whether at stated maturity, by acceleration or otherwise, accruing from and including the date such amount shall have become due to (but not including) the date of payment thereof in full, full at the rate per annum, annum which is equal to the greater of (i) 2% two percent (2.0%) in excess of the rate applicable to the unpaid amount immediately before it became due due, or (ii) 2% two percent (2.0%) in excess of the Alternate Base Prime Rate from time to time in effect. Interest after maturity shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

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