Interest on Loan. (i) At the Borrowers' election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default hereunder and prior to maturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at either of the following rates:
Appears in 2 contracts
Sources: Credit Agreement (Centennial Healthcare Corp), Credit Agreement (Centennial Healthcare Corp)
Interest on Loan. (i) At the Borrowers' Borrower's election in accordance with the provisions of Paragraph 2.6(c2.6(b) below, in the absence of the existence and continuance of an Event of Default hereunder and prior to maturity or judgment, and subject to clause (ii) below, any Portion of the Loan Loans shall bear interest at either of the following rates:
Appears in 2 contracts
Sources: Credit Agreement (Marketing Specialists Corp), Credit Agreement (Merkert American Corp)
Interest on Loan. (i) At the Borrowers' election in accordance with the provisions of Paragraph 2.6(c2.5(b) below, in the absence of an Event of Default hereunder and prior to maturity or judgment, and subject to clause (ii) below, any Portion of the Loan (which shall not include the undrawn face amount of Letters of Credit, as to which the fees set forth in Paragraph 2A.4 shall be applicable) shall bear interest at either of the following rates:
Appears in 1 contract
Sources: Credit Agreement (Zany Brainy Inc)
Interest on Loan. (i) At the Borrowers' Borrower's election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default hereunder and prior to maturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at either of the following rates:
Appears in 1 contract
Sources: Credit Agreement (Home Health Corp of America Inc \Pa\)