Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. From and after the occurrence of any Event of Default, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin of 2% per annum.

Appears in 2 contracts

Samples: Credit Agreement (Carlisle Holdings LTD), Credit and Guaranty Agreement (Imo Industries Inc)

AutoNDA by SimpleDocs

Post-Default Rates. From and after the occurrence of any Event of Default, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin of 2% per annum.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (E Z Serve Corporation)

Post-Default Rates. From and after the occurrence of any an Event of Default, the Borrower shall pay, but only to the extent permitted not prohibited by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin of 2% per annum.to:

Appears in 1 contract

Samples: Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.)

Post-Default Rates. From and after the occurrence of any an Event of Default, the Borrower shall pay, but only to the extent permitted not prohibited by law, interest (after as well as before judgment) on such amounts the Loans at a rate per annum equal to the rate per annum otherwise in effect applicable Interest Rate for such Loans, plus two percent (including any additional margin in effect) plus a further margin of 2% per annum2.00%).

Appears in 1 contract

Samples: Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.)

Post-Default Rates. From and after Upon the occurrence and during the continuation of any Event of Default, or after any other monetary Obligation of the Borrower shall have become due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin of 2% per annumannum from the date of such non-payment until such amount is paid in full (as well after as before judgment).

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Foods Inc)

Post-Default Rates. From and after the occurrence of any Event of Default, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such all amounts at a rate per annum equal to the rate per annum otherwise in effect payable hereunder (including any additional margin fees in effect) plus a further margin respect of 2% per annum.Letters of Credit)

Appears in 1 contract

Samples: Credit and Guaranty Agreement (E Z Serve Corporation)

AutoNDA by SimpleDocs

Post-Default Rates. From and after the occurrence of any Event of Default, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgmentthe entry of judgment thereon) on such amounts all outstanding Obligations at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin of 2% in excess of the Base Rate plus the Applicable Margin per annum.:

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Strategic Hotels & Resorts, Inc)

Post-Default Rates. From and after After the occurrence and during the continuance of any an Event of Default, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on all outstanding Obligations at a rate per annum equal to (a) in the case of principal on any Loan, the rate of interest that otherwise would be applicable to such amounts Loan plus 2% per annum; and (b) in the case of overdue interest, fees, and other monetary Obligations, at a rate per annum equal to the rate per annum otherwise in effect (including any additional margin in effect) then applicable to the Loans, plus a further margin of 2% per annum.

Appears in 1 contract

Samples: Bridge Loan Agreement (Hanesbrands Inc.)

Post-Default Rates. From and after the occurrence of While any Event of DefaultDefault exists or after acceleration of the Obligations, the each Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on each Loan to such amounts Borrower at a rate per annum equal to two percent (2.0%) in excess of the rate per annum otherwise in effect (including any additional margin in effect) plus a further margin applicable to the unpaid amount of 2% per annumsuch Loan immediately before it became due.

Appears in 1 contract

Samples: Credit Agreement (Andrew Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.