Common use of Interest Upon Events of Default Clause in Contracts

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 7.019.01, all principal, interest, fees, indemnities or any other Obligations of the Borrowers Borrower hereunder, under the Fee Letter or under any Term Note or any other Loan Document (and including, without limitation, including interest accrued under this subsection 2.08(b2.08(d)) shall compound on a daily basis as provided in this subsection 2.08(b2.08(d) and shall bear interest for each day until paid (before and after judgment), payable on demand, at a rate per annum (the "Post Default Rate") of 23% above the Interest 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 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(b2.10(b)) shall compound on a daily basis as provided in this subsection 2.08(b2.10(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.