Interest Rate After Certain Events. If a judgment is entered against Borrower for sums due under any of the Obligations, as applicable, the amount of the judgment entered (which may include principal, interest, reasonable attorneys' fees and costs) shall bear interest at the judgment rate as permitted under applicable law as of the date of entry of the judgment. All Obligations of Borrower described in clauses (a) and (b) of the definition thereof shall bear interest at the Default Interest Rate.
Appears in 6 contracts
Samples: Business Credit and Security Agreement (Pomeroy Select Integration Solutions Inc), Business Credit and Security Agreement (Creative Computers Inc), Loan and Security Agreement (Western Power & Equipment Corp)
