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 Default Interest Rate 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 2 contracts
Samples: Business Credit and Security Agreement (Elek Tek Inc), Business Credit and Security Agreement (Government Technology Services Inc)
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 Default Interest Rate 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 1 contract
Samples: Loan and Security Agreement (Travis Boats & Motors Inc)
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 Default Interest Rate 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 1 contract
Samples: Business Credit and Security Agreement (Pomeroy Computer Resources Inc)
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 Default Interest Rate 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 1 contract
Samples: Loan and Security Agreement (Western Power & Equipment Corp)
