Common use of Post-Default Rate Clause in Contracts

Post-Default Rate. Notwithstanding the foregoing, the ----------------- Borrower will pay to the Lenders interest at the Post-Default Rate on the principal of the Loans, and (to the fullest extent permitted by law) on any fees and other amounts payable by the Borrower hereunder, under the Notes or under any other Loan Document, for the period commencing on the date of any Event of Default until the same is paid in full or all Events of Default are cured or waived (after as well as before judgment).

Appears in 5 contracts

Samples: Credit Agreement (Crested Corp), Credit Agreement (Crested Corp), Credit Agreement (Us Energy Corp)

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Post-Default Rate. Notwithstanding the foregoing, the ----------------- Borrower will pay to the Lenders interest at the Post-Default Rate on the principal of the Loans, and (to the fullest extent permitted by law) on any fees and other amounts payable by the Borrower hereunder, under the Notes or under any other Loan Document, for the period commencing on the date of any Event of Default until the same is paid in full or all Events of Default are cured or waived (after as well as before judgment).

Appears in 3 contracts

Samples: Credit Agreement (Petro Resources Corp), Credit Agreement (CrossPoint Energy CO), Credit Agreement (Dune Energy Inc)

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