Common use of Interest on Overdue Payments; Default Interest Rate Clause in Contracts

Interest on Overdue Payments; Default Interest Rate. Upon the occurrence and during the continuance of any Event of Default, or if the Agent exercises its rights hereunder to accelerate any of the Notes pursuant to Section 9.2(b), the outstanding principal and all accrued and unpaid interest, as well as any other Obligations due Lenders or Agent hereunder or under any Loan Document, shall bear interest at the Default Interest Rate, from the date on which such amount shall have first become due and payable to Lenders or Agent or the date on which such Event of Default shall have occurred, to the date on which such amount shall be paid to Lenders or Agent (whether before or after judgment) or such Event of Default shall have been otherwise waived or cured. Interest will continue to accrue until the Obligations in respect of the payment are discharged (whether before or after judgment).

Interest on Overdue Payments; Default Interest Rate. Upon the occurrence and during the continuance of any Event of Default, or if the Agent exercises its rights hereunder to accelerate any of If the Notes have been accelerated pursuant to Section 9.2(b)) or if an Event of Default hereunder shall have occurred and during the period in which the Event of Default is continuing, the outstanding principal and all accrued and unpaid interest, interest as well as any other Obligations due Lenders or Agent hereunder or under any Loan Document, Document shall bear interest at the Default Interest Rate, from the date on which such amount shall have first become due and payable to Lenders or Agent or the date on which such Event of Default shall have occurred, to the date on which such amount shall be paid to Lenders or Agent (whether before or after judgment) judgment or such Event of Default shall have been otherwise waived in writing by Agent or cured), at the Default Interest Rate. Interest at the Default Interest Rate will continue to accrue and will (to the extent permitted by applicable law) be compounded daily until the Obligations in respect of the payment are discharged (whether before or after judgmentjudgment or such Event of Default shall have been otherwise waived in writing by Agent or cured).

Interest on Overdue Payments; Default Interest Rate. Upon If any amount of principal or interest or any other Obligation is not paid when due, or upon the occurrence and during the continuance of any Event of Default, or if the Agent exercises its rights hereunder to accelerate any of the Notes pursuant to Section 9.2(b), the outstanding principal and all accrued and unpaid interest, as well as any other Obligations due Lenders or Agent hereunder or under any Loan Document, shall bear interest at the Default Interest Rate, from the date on which such amount shall have first become due and payable to Lenders or Agent or the date on which such Event of Default shall have occurred, to the date on which such amount shall be paid to Lenders or Agent (whether before or after judgment) or such Event of Default shall have been otherwise waived or cured. Interest will continue to accrue until the Obligations in respect of the payment are discharged (whether before or after judgment).