Common use of Interest After Maturity Clause in Contracts

Interest After Maturity. After the principal amount of any Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest for each day until paid (before and after judgment) at a rate per annum (based on a year of 365 or 366 days, as the case may be) equal to the Prime Rate plus 2%, such interest rate to change automatically from time to time effective as of the effective date of each change in such Prime Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ampco Pittsburgh Corp)

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Interest After Maturity. After the principal amount of any Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest for each day until paid (before and after judgment) at a rate per annum (based on a year of 365 or 366 days, as the case may be) equal to which shall be 2% above the then-current Base Rate or Prime Rate plus 2%of the applicable Bank, such interest rate to change automatically from time to time effective as of the effective date of each change in such Base Rate or Prime Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Haemonetics Corp)

Interest After Maturity. After the principal amount of any Base ----------------------- Rate Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest for each day until paid (before and after judgment) at a rate per annum (based on a year of 365 or 366 days, as the case may be) equal to 2% plus the Prime Base Rate. After the principal amount of any Euro- Rate plus 2%Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest rate to change automatically from time to time effective as for each day until paid (before and after judgment) until the end of the effective date of each change applicable then current Interest Period at a rate per annum equal to 2% plus the rate otherwise applicable to such Loan and thereafter in such Prime Rateaccordance with the previous sentence.

Appears in 1 contract

Samples: Agreement (Tele Communications Inc /Co/)

Interest After Maturity. After the principal amount of any Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest for each day until paid (before and after judgment) at a rate per annum (based on a year of 365 or 366 days, as the case may be) equal to which shall be 2% above the then-current Prime Rate plus 2%Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in such Prime Rate.

Appears in 1 contract

Samples: Haemonetics Corp

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Interest After Maturity. After the principal amount of any Loan shall have become due (by acceleration or otherwise), such Loan shall bear interest for each day until paid (before and after judgment) at a rate per annum (based on a year of 365 or 366 days, as the case may be) equal to which shall be 2% above the then-current Prime Rate plus 2%of Mellon, such interest rate to change automatically from time to time effective as of the effective date of each change in such Prime Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Haemonetics Corp)

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