Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 9.01 hereof, all principal, interest, fees, indemnities or any other Obligations of the Borrower hereunder or under any Note or any other Related Document (and including interest accrued under this subsection 2.08(d)) shall compound on a daily basis as provided in this subsection 2.08(d) and shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum of three percent (3%) above the Prime Rate for such day, such interest rate to change automatically from time to time effective as of the announced effective date of each change in the Prime Rate.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 9.01, all principal, interest, fees, indemnities or any other Obligations of the Borrower hereunder, under the Fee Letter or under any Note or any other Loan Document (and including interest accrued under this subsection 2.07(d)) shall bear interest until paid (before and after judgment), payable on demand, at the Default Rate such interest rate to change automatically from time to time effective as of the announced effective date of each change in the Prime Rate.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 7.01, all principal, interest, fees, indemnities or any other Obligations of the Borrowers hereunder, or under any Term Note or any other Loan Document (and including, without limitation, interest accrued under this subsection 2.08(b)) shall compound on a daily basis as provided in this subsection 2.08(b) and shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum of 2% above the Interest Rate for such day.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 11.01 of this Agreement, all principal, interest, fees, indemnities or any other obligations for the payment of money under this Agreement, the Note, the Term Note or any other Related Document (and including interest accrued under this Section 2.08(b)) shall bear interest for each day until paid (before and after judgment), payable on demand, at two percent (2%) in excess of the rate of interest otherwise in effect under this Agreement and, if no interest rate is otherwise in effect, at a rate per annum of three percent (3%), or five percent (5%), in the case of the Term Note, above the Prime Rate for such day (collectively, the "Default Rate"). CIT shall use reasonable efforts to promptly provide the Borrower with notice that interest is accruing at the Default Rate and of the Event of Default giving rise thereto, provided that the failure of CIT to provide such notice to the Borrower shall not limit the rights of CIT under this Section 2.08(b) or relieve the Borrower of its obligations under this Section 2.08(b) or the Agreement."
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 9.01, all principal, interest, commitment fees, facility fees, indemnities or any other Obligations of the Borrower hereunder, under the Fee Letter or under any Note or any other Related Document (and including interest accrued under this subsection 2.08(d)) shall compound on a daily basis as provided in this subsection 2.08(d) and shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum of 4.250% above the Eurodollar Rate for such day in the case of Eurodollar Loans and 2.375% above the Reference Rate for such day in the case of Reference Loans, such interest rate relating to Reference Loans to change automatically from time to time effective as of the announced effective date of each change in the Reference Rate.
Interest Upon Events of Default. Upon the occurrence of an Event of Default and so long as such Event of Default shall continue, including after acceleration (whether before or after entry of judgment), the Borrower shall, at the option of Requisite Lenders, pay interest on the principal amount of each Loan then outstanding at a rate per annum which is determined by adding two percent (2.0%) to the interest rate otherwise applicable to such Loan.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 11.01 of this Agreement, all principal, interest, fees, indemnities or any other obligations for the payment of money under this Agreement, the Note or any other Related Document (and including interest accrued under this Section 2.08(b)) shall bear interest for each day until paid (before and after judgment), payable on demand, at two percent (2%) in excess of the rate of interest otherwise in effect under this Agreement and, if no interest rate is otherwise in effect, at a rate per annum of three percent (3%) above the Prime Rate for such day (collectively, the "Default Rate"). CIT shall use reasonable efforts to promptly provide the Borrower with notice that interest is accruing at the Default Rate and of the Event of Default giving rise thereto, provided that the failure of CIT to provide such notice to the Borrower shall not limit the rights of CIT under this Section 2.08(b) or relieve the Borrower of its obligations under this Section 2.08(b) or the Agreement.
Interest Upon Events of Default. Upon the occurrence and during the continuance of an Event of Default, the Borrowers shall on demand pay interest, to the extent permitted by law, on the unpaid Obligations at a rate per annum equal to two percent (2.0%) in excess of the applicable rates for such Obligations regardless of the rates otherwise applicable to such Obligations.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default, all unpaid Obligations of the Borrowers hereunder or under any Note or any other Related Document shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum of 2.5% above the Prime Rate for such day, such interest rate to change automatically from time to time effective as of the announced effective date of each change in the Prime Rate.
Interest Upon Events of Default. To the extent permitted by law, after there shall have occurred and so long as there is continuing an Event of Default pursuant to Section 9.01 hereof, all principal, interest, fees, indemnities or any other Obligations of the Borrower hereunder or under any Note or any other Related Document (and including interest accrued under this subsection 2.08(d)) shall compound on a daily basis as provided in this subsection 2.08(d) and shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum of two percent (2%) above the applicable rates of interest set forth in Section 2.05 or Letter of Credit Fees set forth in Section 2.08(f), as applicable, for such day, such interest rate to change automatically from time to time effective as of the announced effective date of each change in the Prime Rate.
