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Common use of Interest on Overdue Principal Clause in Contracts

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) per annum above the interest rate in effect from time to time with respect to the applicable Advance.

Appears in 5 contracts

Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxter International Inc), Credit Agreement (Baxalta Inc)

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) % per annum above the interest rate Base Rate in effect from time to time with respect to the applicable Advancetime.

Appears in 2 contracts

Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxter International Inc)

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) per annum above the interest rate Eurocurrency Rate plus the Applicable Margin in effect from time to time with respect to the applicable Advancetime.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) % per annum above the interest rate in effect from time to time with respect to the applicable Advance.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) per annum above the interest rate in effect from time to time with respect to the applicable AdvanceLoan, and with respect to any other overdue amount, the interest rate applicable to ABR Loans plus two percent (2%) per annum.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Baxter International Inc)

Interest on Overdue Principal. If any amount of principal is not paid when due (whether at stated maturity, by acceleration or otherwise), that amount of principal shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2%) % per annum above the interest rate Eurocurrency Rate plus the Applicable Margin in effect from time to time with respect to the applicable Advancetime.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

Interest on Overdue Principal. If any amount principal of principal is any Loans shall not be paid when due (whether at the stated maturitymaturity thereof, by acceleration acceleration, notice of intention to prepay or otherwise), that amount of such overdue principal shall bear interest, from the date on which such amount is due until such amount is paid in full, interest payable on demand, demand at a rate per annum equal at all times to two one percent (21%) per annum above the interest rate otherwise applicable to such principal from the date of such nonpayment until paid in effect from time to time with respect to full, and whether before or after the applicable Advanceentry of any judgment thereon.

Appears in 1 contract

Samples: Credit Agreement (Eastern Enterprises)