Common use of Post-Default Interest Clause in Contracts

Post-Default Interest. If (a) any Obligor shall fail to pay when due (by acceleration or otherwise) any amount payable under any Loan Document after any applicable grace period provided in Section 6.01(a), or (b) (i) an Event of Default shall have occurred and be continuing during any period and (ii) the Administrative Agent or the Required Lenders, through the Administrative Agent, shall have notified the Company thereof, each Borrower shall, notwithstanding anything else in this Agreement to the contrary, pay to the Administrative Agent for account of each Lender interest, during such period, at the applicable Post-Default Rate on any principal of any Advance made by such Lender to such Borrower, and on any other amount whatsoever then due and payable by such Borrower hereunder or under the Notes held by such Lender to or for account of such Lender, such interest to be payable from time to time on demand.

Post-Default Interest. If (a) any Obligor shall fail to pay when --------------------- due (by acceleration or otherwise) any amount payable under any Loan Document after any applicable grace period provided in Section 6.01(a), or (b) (i) an Event of Default shall have occurred and be continuing during any period and (ii) the Administrative Agent or the Required Lenders, through the Administrative Agent, shall have notified the Company Borrower thereof, each the Borrower shall, notwithstanding anything else in this Agreement to the contrary, pay to the Administrative Agent for account of each Lender interest, during such period, at the applicable Post-Default Rate on any the outstanding principal of any Advance made by such Lender to such Borrowereach Advance, and on any other amount whatsoever then due and payable by such the Borrower hereunder or under the Notes held by such Lender to or for account of such Lender, such interest to be payable from time to time on demand.

Post-Default Interest. If (ai) any Obligor shall fail to pay when due (by acceleration or otherwise) any amount payable under any Loan Document after any applicable grace period provided in Section 6.01(a), 9.1(a) or (bii) (iA) an Event of Default shall have occurred and be continuing during any period and (iiB) the Administrative Agent or the Required Lenders, through the Administrative Agent, shall have notified the Company Borrower thereof, each the Borrower shall, notwithstanding anything else in this Agreement to the contrary, pay to the Administrative Agent for account of each Lender interest, during such period, at the applicable Post-Default Rate on any the outstanding principal of any Advance made by such Lender to such Borrowereach Advance, and on any other amount whatsoever then due and payable by such the Borrower hereunder or under the Notes held by such Lender to or for account of such Lender, such interest to be payable from time to time on demand.