Common use of Interest on Default Clause in Contracts

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicable) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three percent (3%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three percent (3%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 4.2 and 5.44.3, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 4.6 and 5.44.7, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on demand on the principal amount of all Advances of the Term Loans from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company the Term Loan Borrowers hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in In the event and so long as any Event of Default shall exist exist, in the case of any Event of Default under this AgreementSections 9.1(a) or 9.1(j), immediately upon the occurrence thereof, and in the case of all other Events of Default, upon notice from the Majority Banks, interest shall be payable daily on the principal amount of demand on all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicable) in respect of each such Advance, Advance plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based AdvancesAdvances from time to time outstanding, at a per annum rate equal to the Prime-based Rate, Rate plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.1 and 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, at the election of the Majority Banks interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company Borrowers hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 4.6 and 5.44.7, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on demand on the principal amount of all Advances of the Term Loans from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company the Term Loan Borrowers hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).. 4.11

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 3.2 and 5.43.3 above, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicable) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three percent (3%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three percent (3%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, Advances calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, Eurocurrencybased Advances calculated on the basis bases of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Eurocurrencybased Advances and Quoted Rate Advances, three percent (3%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three percent (3%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 and 5.4, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, Advances calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-Prime- based Rate, plus three two percent (32%).

Interest on Default. Notwithstanding anything to the contrary set forth in Sections 5.2, 5.3 4.2 and 5.44.3, in the event and so long as any Event of Default shall exist under this Agreement, interest shall be payable daily on the principal amount of all Advances from time to time outstanding (and and, to the extent delinquent, on all other monetary obligations of Company hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate (and, with respect to Eurocurrency-based Advances, calculated on the basis of the maximum Margin chargeable hereunder, whether or not otherwise applicableMargins) in respect of each such Advance, plus, in the case of Eurocurrency-based Advances and Quoted Rate Advances, three two percent (32%) per annum for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances, at a per annum rate equal to the Prime-based Rate, plus three two percent (32%)) per annum.