Common use of Overdue Principal and Interest Clause in Contracts

Overdue Principal and Interest. Overdue principal and (to the extent permitted by applicable law) interest on each Loan and all other overdue amounts payable hereunder shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent above the greater of (i) the interest rate then in effect for such Loan and (ii) the Base Rate, until such amount shall be paid in full (whether before or after judgment).

Appears in 2 contracts

Samples: Credit Agreement (RBB Fund Inc), Credit Agreement (Gt Global Floating Rate Fund Inc)

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Overdue Principal and Interest. Overdue principal and (to the extent permitted by applicable law) interest on each Loan and all other overdue amounts payable hereunder shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent above the greater of (i) the interest rate then in effect for such Loan loan and (ii) the Base Rate, until such amount shall be paid in full (whether before or after judgment).

Appears in 1 contract

Samples: Credit Agreement (High Yield Plus Fund Inc)

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Overdue Principal and Interest. Overdue principal and (to the extent permitted by applicable law) interest on each Loan and all other overdue amounts payable hereunder shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent above the greater of (i) the interest rate then in effect for such Loan and (ii) the Base Rate, Rate until such amount shall be is paid in full (whether before or after judgment)full.

Appears in 1 contract

Samples: Credit Agreement (American Beacon Funds)

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