Common use of Interest Payments; Default Interest Clause in Contracts

Interest Payments; Default Interest. (a) Interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue from the date of such Advance to the date repaid, at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May 1, 2011, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request of the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three percent (3%), but in each case only during the continuance of such Event of Default.

Interest Payments; Default Interest. (a) Interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue from the date of such Advance to the date repaid (or, with respect to any Advance made under the Prior Agreement and outstanding as of the Effective Date, from the Effective Date until the date repaid), at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May August 1, 20112016, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request of the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three percent (3%), but in each case only during the continuance of such Event of Default.

Interest Payments; Default Interest. (a) Interest Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows: (i) in the case of such Advance to the date repaidTerm Loan A and Term Loan B, at a rate per annum interest rate equal to 12%the Applicable Margin, which shall be due and payable in cash, in arrears, on each Interest Payment Date (commencing on the first Interest Payment Date following the Seventh Amendment Effective Date); provided, that interest accruing at a rate per annum up to 5%the Applicable PIK Rate may be paid by capitalizing such interest and adding such capitalized interest to the then outstanding principal amount of the Term Loan. The Borrower shall provide the Agent with written notice of its election to capitalize interest pursuant to this clause (i) at least fifteen (15) Business Days (or such shorter period as the Agent may agree in writing in its sole discretion) in advance of each Interest RatePayment Date. If the Borrower fails to provide such written notice, all interest due and payable on the following Interest Payment Date shall be due and payable in cash. Any interest to be so capitalized pursuant to this clause (i) shall be capitalized on each designated Interest Payment Date (commencing on the first Interest Payment Date following the Seventh Amendment Effective Date) and added to the then outstanding principal amount of the Term Loan and, thereafter, shall bear interest as provided hereunder as if it had originally been part of the outstanding principal of the Term Loan; and (ii) in the case of Incremental Term Loans, at the rate set forth in the Joinder Agreement. (b) [Reserved]. (c) Interest on each Loan shall be payable (i) as set forth in immediately available funds commencing on May 1clause (a) above; (ii) upon any prepayment of that Loan, 2011whether voluntary or mandatory, and to the extent accrued on the first day amount of each month thereafterprincipal being prepaid; and (iii) on the Maturity Date. Whenever any payment under this Section 2.6(a) 2.6 shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed year, in each case for the actual number of days elapsed, and in such computation effect shall be given to any change elapsed in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereofperiod during which it accrues. (bd) In the case of any Event of Default under Section 7.1(i), immediately upon Upon the occurrence thereof, and in during the case continuance of any other an Event of Default, immediately upon the request principal amount of the Majority Lendersall Loans outstanding and, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three percent extent permitted by applicable law, any interest payments on the Loans or any fees or other amounts owed hereunder (3%including any Yield Maintenance Premium and the Prepayment Premium), but shall thereafter automatically bear interest (including post-petition interest in each case only during any proceeding under the continuance of such Event of Default.Bankruptcy Code or other applicable bankruptcy laws), from the date

Interest Payments; Default Interest. (a) Interest Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows: (i) in the case of such Advance to the date repaidTerm Loan A and Term Loan B, at a rate per annum interest rate equal to the Applicable Interest RateMargin, and which shall be due and payable in immediately available funds commencing cash, in arrears, on May 1each Interest Payment Date; provided, 2011, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the that interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request of the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding accruing at a rate per annum rate equal up to the Applicable Interest PIK Rate may be paid by capitalizing such interest and adding such capitalized interest to the then outstanding principal amount of the Term Loan. The Borrower shall provide the Agent with written notice of its election to capitalize interest pursuant to this clause (i) at least fifteen (15) Business Days (or such shorter period as the Agent may agree in respect writing in its sole discretion) in advance of each Interest Payment Date. If the Borrower fails to provide such Advance plus three percent written notice, all interest due and payable on the following Interest Payment Date shall be due and payable in cash. Any interest to be so capitalized pursuant to this clause (3%)i) shall be capitalized on each designated Interest Payment Date and added to the then outstanding principal amount of the Term Loan and, but in each case only during thereafter, shall bear interest as provided hereunder as if it had originally been part of the continuance outstanding principal of such Event of Default.the Term Loan; and

Interest Payments; Default Interest. (a) Interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue from the date of such Advance to the date repaid, at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May April 1, 20112013, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request of the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three percent (3%), but in each case only during the continuance of such Event of Default.

Interest Payments; Default Interest. (a) Interest Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue principal amount thereof from the date of such Advance to the date repaid, at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May 1, 2011, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(amade through repayment (whether by acceleration or otherwise) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof.as follows: (bi) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of DefaultTerm Loan A and Term Loan B, immediately upon at a rate per annum equal to 1512%, which shall be due and payable in cash, in arrears, on each Interest Payment Date (commencing on the request first Interest Payment Date following the Seventh Amendment Effective Date); provided, that interest accruing at a rate per annum up to 5% may be paid by capitalizing such interest and adding such capitalized interest to the then outstanding principal amount of the Majority LendersTerm Loan A or Term Loan B, as applicable. The Borrower shall provide the Agent with written notice of its election to capitalize interest pursuant to this clause (i) at least fifteen (15) Business Days (or such shorter period as the Agent may agree in writing in its sole discretion) in advance of each Interest Payment Date. If the Borrower fails to provide such written notice, all interest due and payable on the following Interest Payment Date shall be due and payable in cash. Any interest to be so capitalized pursuant to this clause (i) shall be capitalized on demand each designated Interest Payment Date (commencing on all Revolving Credit Advances the first Interest Payment Date following the Seventh Amendment Effective Date) and Swing Line Advances from time added to time the then outstanding principal amount of the Term Loan A or Term Loan B, as applicable and, thereafter, shall bear interest as provided hereunder as if it had originally been part of the outstanding principal of the Term Loan A or Term Loan B, as applicable; and (ii) in the case of Term Loan C, at a rate per annum rate equal to 13%, which shall be due and payable in cash, in arrears, on each Interest Payment Date (commencing on the Applicable first Interest Rate in respect of each such Advance plus three percent (3%Payment Date following the Third Amendment Effective Date), but in each case only during the continuance of such Event of Default.; and

Interest Payments; Default Interest. (a) Interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue from the date of such Advance to the date repaid, at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May February 1, 2011, 2010 and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest accruing at the Applicable Interest Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) Notwithstanding anything to the contrary in the preceding sections, all accrued and unpaid interest on any Revolving Credit Advance refunded pursuant to Section 2.3 hereof and any Swing Line Advance refunded pursuant to Section 2.5(e) hereof, shall be due and payable in full on the date such Advance is refunded. (c) In the case of any Event of Default under Section 7.1(i9.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request receipt by Agent of notice from the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three two percent (32%), but in each case only during the continuance of such Event of Default.

Interest Payments; Default Interest. (a) Interest on the unpaid balance of all Advances of the Revolving Credit and the Swing Line from time to time outstanding shall accrue from the date of such Advance to the date repaid (or, with respect to any Advance made under the Prior Agreement and outstanding as of the Effective Date, from the Effective Date until the date repaid), at a per annum interest rate equal to the Applicable Interest Rate, and shall be payable in immediately available funds commencing on May June 1, 20112023, and on the first day of each month thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Interest shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Applicable Interest Rate on the date of such change in the Applicable Interest Rate. Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof. (b) In the case of any Event of Default under Section 7.1(i), immediately upon the occurrence thereof, and in the case of any other Event of Default, immediately upon the request of the Majority Lenders, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus three percent (3%), but in each case only during the continuance of such Event of Default.