Common use of Interest Upon Default Clause in Contracts

Interest Upon Default. Immediately upon the occurrence of an Event of Default hereunder, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Required Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of Default hereunder, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders Majority Banks and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Required Lenders Majority Banks (or, if applicable to the underlying Event of Default, the LendersBanks) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of Default hereunder, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Majority Lenders and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Required Majority Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of Default hereunderDefault, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders demand, and shall accrue until the earlier earliest of (ia) waiver or cure (to the satisfaction of the Lenders required under Section 11.12 hereof to waive) of the applicable Event of Default, (iib) agreement by the Required Majority Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, Rate or (iiic) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an --------------------- Event of Default hereunder, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders Majority Banks and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Required Lenders Majority Banks (or, if applicable to the underlying Event of Default, the LendersBanks) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of a Default or an Event of Default hereunderDefault, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders and shall accrue until the earlier of (i) waiver or cure of the applicable Default or Event of Default, (ii) agreement by the Required Lenders (or, if applicable to the underlying Default or Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of a Default hereunder, the outstanding principal balance of the Loans Loans, together with accrued and unpaid interest and other unpaid sums, shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders and shall accrue until the earlier earliest of (ia) waiver or cure (to the satisfaction of the Lenders required under Section 12.12 hereof to waive or cure) of the applicable Event of Default, or (iib) agreement by the Required Majority Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an --------------------- Event of Default hereunder, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Majority Lenders and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Required Majority Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of Default hereunderDefault, the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Required Lenders Bank and shall accrue until the earlier of (i) waiver or cure (including cessation) of the applicable Event of Default, (ii) agreement by the Required Lenders (or, if applicable to the underlying Event of Default, the Lenders) Bank to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

Interest Upon Default. Immediately upon the occurrence of an Event of a Default hereunder, hereunder (whether or not declared) the outstanding principal balance of the Loans shall bear interest at the Default Rate. Such interest shall be payable on the earlier of demand by or the Required Lenders Maturity Date and shall accrue until the earlier of (ia) waiver or cure (to the satisfaction of the Lenders required under Section 11.12 hereof to waive) of the applicable Event of Default, or (iib) agreement by the Required Majority Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate, or (iiic) payment in full of the Obligations.