Common use of Interest Rate After Certain Events Clause in Contracts

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 (Government Technology Services Inc), Credit and Security Agreement (Elek Tek Inc)

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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 1 contract

Samples: Credit and Security Agreement (Elcom International 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)

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)

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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: Credit and Security Agreement (Pomeroy Computer Resources Inc)

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