Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all Loans outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a), but in no event to exceed the Highest Lawful Rate.
Appears in 4 contracts
Samples: Credit Agreement (Rattler Midstream Lp), Credit Agreement (Rattler Midstream Lp), Credit Agreement (Oasis Midstream Partners LP)
Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all Loans outstanding and other amounts outstanding, shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the applicable interest rate (or, in the event there is no applicable rate, two percent (2%) plus the Applicable Margin then in effect applicable to ABR Loans as provided in Section 3.02(a)), but in no event to exceed the Highest Lawful Rate.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Credit Agreement (Halcon Resources Corp)
Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all Loans outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate otherwise applicable to ABR such Loans as provided in Section 3.02(a(including the Applicable Margin applicable with respect to such Loans), but in no event to exceed the Highest Lawful Rate.
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Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all Loans outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two three percent (23%) plus in excess of the pre-default interest rate applicable to ABR Loans as provided set forth in Section 3.02(a)) hereof, but in no event to exceed the Highest Lawful Rate.
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Post-Default Rate. Notwithstanding the foregoing, if an any Event of Default has occurred and is continuing, then all Loans outstanding shall automatically bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a)Loans, but in no event to exceed the Highest Lawful Rate.
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Samples: Approach Resources Inc
Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all Loans outstanding and other amounts outstanding, shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a), but in no event to exceed the Highest Lawful Rate.
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Post-Default Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, then all the Loans outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) 2.0% plus the rate applicable to ABR Loans as provided for in Section 3.02(a2.05(a), but from the date of the event or circumstance (disregarding any provisions regarding notice or passage of time) until, in no each case, such event to exceed the Highest Lawful Rateor condition has been cured.
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