Common use of Late Charges; Default Interest Clause in Contracts

Late Charges; Default Interest. (a) If the Borrower shall default in the payment of any principal installment of or interest on any Loan, or any amount due in respect of any Letter of Credit, or any other amount becoming due hereunder, the Borrower shall pay to the Agent for pro rata distribution to the Banks or the Issuing Bank, as applicable, interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus the interest rate which would then be in effect with respect to a Prime Rate Loan made hereunder at the time such required payments were not made. (b) Upon the occurrence and during the continuation of an Event of Default, the Borrower shall pay to the Agent, for pro rata distribution to the Banks, interest on all Revolving Credit Loans and on all amounts described in clauses (ii) and (iii) of the definition of L/C Exposure (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus the interest rate which would then be in effect with respect to Prime Rate Loans.

Late Charges; Default Interest. (a) If the Borrower shall default in the payment of any principal installment of or interest on any Loan, or any amount due in respect of under any Letter of Credit, or any other amount becoming due hereunder, the Borrower shall pay to the Agent for the pro rata distribution to the Banks or the Issuing Bank, as applicable, interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to a Prime Rate the type of Loan made hereunder at or Letter of Credit reimbursement in connection with which the time such required payments were have not been made. (b) Upon the occurrence and during the continuation of an Event of Default, the Borrower shall pay to the Agent, for the pro rata distribution to the Banks, interest on all Revolving Credit Loans and on all amounts described in clauses (ii) and (iii) of the definition of L/C Exposure Aggregate Outstandings (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to Prime Rate Loanshereunder.

Late Charges; Default Interest. (a) If the Borrower shall default in the payment of any principal installment of or interest on any Loan, or any amount due in respect of any Letter of Credit, or any other amount becoming due hereunder, the Borrower shall pay to the Agent for pro rata distribution to the Banks or the Issuing Bank, as applicable, interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus the interest rate which would then be in effect with respect to a Prime an Alternate Base Rate Loan made hereunder at the time such required payments were not made. (b) Upon the occurrence and during the continuation of an Event of Default, the Borrower shall pay to the Agent, for pro rata distribution to the Banks, interest on all Revolving Credit Loans and on all amounts described in clauses (ii) and (iii) of the definition of L/C Exposure (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus the interest rate which would then be in effect with respect to Prime Alternate Base Rate Loans.

Late Charges; Default Interest. (a) If the a Borrower shall default in the payment of any principal installment of or interest on any Loan, or any amount due in respect of under any Letter of Credit, or any other amount becoming due hereunder, the a Borrower shall pay to the Agent for the pro rata distribution to the Banks or the Issuing Bank, as applicable, interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to a Prime Rate the type of Loan made hereunder at or Letter of Credit reimbursement in connection with which the time such required payments were have not been made. (b) Upon the occurrence and during the continuation of an Event of Default, the Borrower Borrowers shall pay to the Agent, for the pro rata distribution to the Banks, interest on the Aggregate Xxxxxx Outstandings, on all Term Loans and on all Revolving Credit Loans and on all amounts described in clauses (ii) and (iii) of the definition of L/C Exposure (after HAPL)(after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to Prime Rate Loanshereunder.

Late Charges; Default Interest. (a) If the Borrower shall default in the payment of any principal installment of or interest on any Loan, or any amount due in respect of any Letter of Credit, Loan or any other amount becoming due hereunder, the Borrower shall pay to the Agent for pro rata distribution to the Banks or the Issuing Bank, as applicable, interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to (i) the amount of principal, interest, fees and/or other amounts due (the "Past Due Amount") times (ii) two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to a Prime Rate the type of Loan made hereunder at in connection with which the time such required payments were have not been made, or, if no such interest rate is in effect, two (2%) percent in excess of the Alternate Base Rate, times (ii) the number of days the Past Due Amount is delinquent. (b) Upon the occurrence and during the continuation of an Event of Default, the Borrower shall pay to the Agent, for pro rata distribution to the Banks, interest on all Revolving Credit Loans amounts owing under the Note and on all amounts described in clauses (ii) and (iii) of the definition of L/C Exposure this Agreement (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to two (2%) percent plus in excess of the interest rate which would then be otherwise in effect with respect to Prime Rate Loanshereunder.