Common use of Past Due Principal and Interest Clause in Contracts

Past Due Principal and Interest. All past due principal of and past due interest on the Loans shall bear interest on each day outstanding at the Default Rate in effect on such day, and such interest shall be due and payable daily as it accrues.

Appears in 4 contracts

Samples: Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co), Second Lien Credit Agreement (Berry Petroleum Co)

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Past Due Principal and Interest. All past due principal of pf and past due interest on the Loans shall bear interest on each day outstanding at the Default Rate in effect on such day, and such interest shall be due and payable daily as it accrues.

Appears in 1 contract

Samples: Credit Agreement (Berry Petroleum Co)

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