Common use of Interest Rates, Interest Payments and Default Interest Clause in Contracts

Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances at a floating rate per annum equal to the sum of the Reference Rate plus 0% (the latter being the "Applicable Revolving Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 4%. Interest shall accrue and be payable on the unpaid balance of Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B at a floating rate per annum equal to the sum of the Reference Rate plus 1.0% (the latter being the "Applicable Term Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan B shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 2%. Term Loan C shall be non-interest bearing. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.

Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances Revolving Note at a floating rate per annum equal to the sum of the Reference Adjusted Eurodollar Rate plus 0% (the latter being the "Applicable Revolving Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Revolving Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Adjusted Eurodollar Rate, plus (b) the Applicable Margin, plus (c) 2%. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Revolving Note. In the event that Reference Rate Advances are available or required under the terms of this Agreement, interest shall accrue and be payable on the unpaid balance of the Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus the Applicable Margin; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Revolving Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 4%. Interest shall accrue and be payable on the unpaid balance of Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B at a floating rate per annum equal to the sum of the Reference Rate plus 1.0% (the latter being the "Applicable Term Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan B shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 2%. Term Loan C shall be non-interest bearing. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B..

Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus 01% (the latter being the "Applicable Revolving Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, the Advances Revolving Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 42%. Interest shall accrue and be payable on the unpaid balance of Term Loan Note A at a fixed floating rate per annum equal to 10% per annumthe Reference Rate; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan Note A shall thereafter bear interest at a fixed floating rate equal to 12% per annumthe sum of (a) the Reference Rate, plus (b) 2%. Interest shall accrue and be payable on the unpaid balance of Term Loan Note B at a floating rate per annum equal to the sum of the Reference Rate plus 1.02.5% (the latter being the "Applicable Term B Margin"); provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan Note B shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term B Margin, plus (c) 2%. Term Loan C shall be non-interest bearing. Interest shall be payable monthly in arrears on the first last day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.respective Notes.

Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus 01.75% (the latter being the "Applicable Revolving Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Revolving Note not paid when due (whether at such date or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, the Advances ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 43 1/2%. Interest shall accrue and be payable on the unpaid balance of the Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B Note at a floating rate per annum equal to the sum of the Reference Rate plus 1.01.75% (the latter being the "Applicable Term Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, Term Loan B ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 23 1/2%. Term Loan C shall be non-interest bearing. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.respective Notes.

Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable on the unpaid balance of the Advances Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus 01.75% (the latter being the "Applicable Revolving Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Revolving Note not paid when due (whether at such date or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, the Advances ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 43 1/2%. Interest shall accrue and be payable on the unpaid balance of the Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B Note at a floating rate per annum equal to the sum of the Reference Rate plus 1.01.75% (the latter being the "Applicable Term Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, Term Loan B ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 23 1/2%. Interest shall accrue and be payable on the unpaid balance of the Additional Term Loan C Note at a floating rate per annum equal to the sum of the Reference Rate plus 3.00% (the latter being the "Applicable Additional Term Margin"); PROVIDED, HOWEVER, that any amount of principal of the Additional Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon acceleration following an Event of Default) shall be non-thereafter bear interest bearingat a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Additional Term Margin, plus (c) 3 1/2%. If any amount of principal of the Revolving Note, the Term Note and/or the Additional Term Note is not paid when due (whether at such date or upon acceleration following an Event of Default) the Revolving Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 3 1/2%, the Term Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 3 1/2%, the Additional Term Note shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 3 1/2%. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.respective Notes.

Interest Rates, Interest Payments and Default Interest. Interest Effective as of February 1, 1997, interest shall accrue and be payable on the unpaid balance of the Advances Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus 03.75% (the latter being the "Applicable Revolving Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Revolving Note not paid when due (whether at such date or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, the Advances ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Revolving Margin, plus (c) 431/2%. Interest shall accrue and be payable on the unpaid balance of the Term Loan A at a fixed rate equal to 10% per annum; provided, however, that upon the happening of any Event of Default, then, at the option of the Lender, Term Loan A shall thereafter bear interest at a fixed rate equal to 12% per annum. Interest shall accrue and be payable on the unpaid balance of Term Loan B Note at a floating rate per annum equal to the sum of the Reference Rate plus 1.03.75% (the latter being the "Applicable Term Margin"); providedPROVIDED, howeverHOWEVER, that any amount of principal of the Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon the happening of any acceleration following an Event of Default, then, at the option of the Lender, Term Loan B ) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Term Margin, plus (c) 3 1/2%. Interest shall accrue and be payable on the unpaid balance of the Additional Term Note at a floating rate per annum equal to the sum of the Reference Rate plus 5.00% (the latter being the "Applicable Additional Term Margin"); PROVIDED, HOWEVER, that any amount of principal of the Additional Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon acceleration following an Event of Default) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Additional Term Margin, plus (c) 3 1/2%. Interest shall accrue and be payable on the unpaid balance of the Special Term Note at a floating rate per annum equal to the sum of the Reference Rate plus 5.00% (the latter being the "Applicable Special Term Margin"); PROVIDED, HOWEVER, that any amount of principal of the Special Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon acceleration following an Event of Default) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Applicable Special Term Margin, plus (c) 3 1/2%. PROVIDED, HOWEVER, that upon irrevocable payment in full of both the Additional Term Loan and the Special Term Loan, interest shall accrue and be payable on the unpaid balance of the Revolving Note at a floating rate per annum equal to the sum of the Reference Rate plus 1.75% (the latter being the "Future Applicable Revolving Margin"); PROVIDED, HOWEVER, that any amount of principal of the Revolving Note not paid when due (whether at such date or upon acceleration following an Event of Default) shall thereafter bear interest at a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Future Applicable Revolving Margin, plus (c) 2%. PROVIDED, HOWEVER, that upon irrevocable payment in full of both the Additional Term Loan C and the Special Term Loan, interest shall accrue and be non-payable on the unpaid balance of the Term Note at a floating rate per annum equal to the sum of the Reference Rate plus 1.75% (the latter being the "Future Applicable Term Margin"); PROVIDED, HOWEVER, that any amount of principal of the Term Note not paid when due after giving effect to any applicable grace period, if any (whether at the date scheduled therefor or upon acceleration following an Event of Default) shall thereafter bear interest bearingat a floating rate equal to the sum of (a) the Reference Rate, plus (b) the Future Applicable Term Margin, plus (c) 2%. Interest shall be payable monthly in arrears on the first day of each month and upon final payment of the Advances. Interest on Term Loan A and Term Loan B shall be payable as provided in Term Loan A and Term Loan B.respective Notes.