Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated or (ii) such Event of Default shall have been 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%) and the letter of credit fee pursuant to Section 4.4(b) shall be payable at the rate that would otherwise apply under Section 4.4(b) plus up to an additional two percent (2%).
Appears in 2 contracts
Samples: Loan and Security Agreement (BuzzFeed, Inc.), Loan and Security Agreement (890 5th Avenue Partners, Inc.)
Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated or (ii) such Event of Default shall have been cured within any grace period specified therefor in Section 9.1 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%) and the letter of credit fee pursuant to Section 4.4(b4.4(c) shall be payable at the rate that would otherwise apply under Section 4.4(b4.4(c) plus up to an additional two percent (2%).
Appears in 2 contracts
Samples: Loan and Security Agreement (Grant Prideco Inc), Loan and Security Agreement (Grant Prideco Inc)
Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated or (ii) such Event of Default shall have been cured within any grace period specified therefor in Section 9.1 or waived, interest on the Loans shall be payable on demand at a rate per annum PER ANNUM equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to PLUS an additional two percent (2%) and the letter of credit fee pursuant to Section 4.4(b) shall be payable at the rate that would otherwise apply under Section 4.4(b) plus up to PLUS an additional two percent (2%).
Appears in 2 contracts
Samples: Loan and Security Agreement (Del Global Technologies Corp), Loan and Security Agreement (Del Global Technologies Corp)
Interest and Letter of Credit Fees After Event of Default. From Automatically upon the date occurrence and during the continuation of occurrence of any an Event of Default until under Section 10.1(d), and (b) upon the earlier occurrence and during the continuation of any other Event of Default (other than an Event of Default under Section 10.1(d)), at the date upon which direction of Agent or the Required Lenders, (i) all Obligations shall have been paid and satisfied in full Loans and all Obligations (except for undrawn Letters of Credit have expired or been terminated or (iiCredit) such Event of Default shall have been waived, bear interest on the Loans shall be payable on demand at a rate per annum rate equal to the rate that would be otherwise applicable thereto under Section 4.1 plus up to an additional two percent (2%) above the per annum rate otherwise applicable thereunder, and (ii) and the letter of credit fee pursuant to Section 4.4(b) 4.5 shall be payable at the rate that would otherwise apply under Section 4.4(b) 4.5 plus up to an additional two percent (2%). [Reserved].
Appears in 1 contract
Samples: Credit Agreement (Stitch Fix, Inc.)
Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated or (ii) such Event of Default shall have been cured within any grace period specified therefor in Section 9.1 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%) and the letter of credit fee pursuant to Section 4.4(b4.4(c) shall be payable at the rate that would otherwise apply under Section 4.4(b4.4(c) plus up to an additional two percent (2%).
Appears in 1 contract
Samples: Loan and Security Agreement (Del Global Technologies Corp)
Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated terminated, or (ii) such Event of Default shall have been 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%) and the letter of credit fee pursuant to Section 4.4(b) shall be payable at the rate that would otherwise apply under Section 4.4(b) plus up to an additional two percent (2%).
Appears in 1 contract
Interest and Letter of Credit Fees 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 and all Letters of Credit have expired or been terminated or (ii) such Event of Default shall have been 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%) and the letter of credit fee pursuant to Section 4.4(b4.3(b) shall be payable at the rate that would otherwise apply under Section 4.4(b4.3(b) plus up to an additional two percent (2%).
Appears in 1 contract
Samples: Loan and Security Agreement (Grand Toys International LTD)