Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(A) or (D), as applicable, as if such Secured Obligation were a Prime Rate Loan.
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Samples: Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Tultex Corp)
Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(A3.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 2 contracts
Samples: Loan and Security Agreement (Burke Industries Inc /Ca/), Loan and Security Agreement (Burke Industries Inc /Ca/)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable (other than the Loans, Loans in accordance with SECTIONS 4.1(ASECTION 5.1(A), (B) or (DC), as applicable), on demand, as if such Secured Obligation were a Prime Base Rate Revolving Credit Loan. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrowers and shall, to the extent permitted by Applicable Law, bear interest in accordance with this SECTION 5.1(C).
Appears in 2 contracts
Samples: Loan and Security Agreement (Winston Furniture Co of Alabama Inc), Loan and Security Agreement (Winsloew Furniture Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(A) or (DC), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Tire Distributors Inc), Loan and Security Agreement (Heafner Tire Group Inc)
Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASection 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(A4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(ASections 4.1(a) or (Dc), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Mastec Inc)
Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable LawLaws, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 5.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Lawapplicable law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(A5.1(A) or (D), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Supreme International Corp)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 4.1(a) or (Df), as applicable, as if such Secured Obligation were a Prime Rate Revolving Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Safety Components International Inc)
Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable LawLaws, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 5.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASection 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Loan.
Appears in 1 contract
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable (other than the Loans, Loans in accordance with SECTIONS 4.1(A5.1(A), (B) or (D), as applicable), on demand, as if such Secured Obligation were a Prime Base Rate Revolving Credit Loan. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrowers and shall, to the extent permitted by Applicable Law, bear interest in accordance with this SECTION 5.1(C).
Appears in 1 contract
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (American Aircarriers Support Inc)