Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Agent's demand.
Appears in 7 contracts
Samples: Revolving Credit and Security Agreement (Managed High Yield Plus Fund Inc), Revolving Credit and Security Agreement (Ing Prime Rate Trust), Revolving Credit and Security Agreement (Liberty Floating Rate Advantage Fund)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Program Agent's demand.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Agent's ’s demand.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (BlackRock Defined Opportunity Credit Trust), Revolving Credit and Security Agreement (Xl Capital LTD)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Program Agent's ’s demand.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Invesco Prime Income Trust)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Program Agent's or a Direct Lender's demand.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Program Agent's ’s or a Direct Lender’s demand.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Invesco Dynamic Credit Opportunities Fund)
Post-Default Interest. The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance and any other amount payable by the Borrower hereunder, in each case, which shall not be paid in full when due, for the period commencing on the due date thereof until but not including the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on the Program Agent's or the related Managing Agent's demand.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Van Kampen Senior Income Trust)
