Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and overdue interest, if any, on, the Notes at a rate per annum equal to the highest rate permitted by applicable law.
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Samples: Credit and Loan Agreement (Secured Financial Network, Inc.), Convertible Note Purchase Agreement (Cistera Networks, Inc.), Letter of Credit Security Commitment Agreement (Internet America Inc)
Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Notes at a rate per annum equal to the highest interest rate permitted by applicable lawthereon (determined as provided in Section 3.1) plus two hundred (200) basis points.
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Samples: Note and Equity Purchase Agreement (American Capital Strategies LTD), Note and Equity Purchase Agreement (O2wireless Solutions Inc), Note and Equity Purchase Agreement (Corrpro Companies Inc /Oh/)
Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Notes at a rate per annum equal to the highest interest rate permitted by applicable lawthereon (determined as provided in Section 3.1 hereof) plus 200 basis points.
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Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Notes at a rate per annum equal to the highest interest rate permitted by applicable lawthereon (determined as provided in Section 3.1) plus two hundred fifty (250) basis points.
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Samples: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)
Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Notes at a rate per annum equal to the highest interest rate permitted by applicable lawthereon (determined as provided in Section 3.1) plus three hundred (300) basis points.
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Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes Notes, at the election of the Required Purchasers, shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Notes at a rate per annum equal to the highest interest rate permitted by applicable lawthereon (determined as provided in Section 3.1) plus two hundred (200) basis points.
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