Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and Obligations.

Appears in 5 contracts

Samples: Credit Agreement (Internationale Nederlanden Capital Corp), Credit Agreement (Headway Corporate Resources Inc), Credit Agreement (Ing Us Capital Corp)

AutoNDA by SimpleDocs

Post-Default Rates. From and after If the occurrence Borrower shall default in the payment of any principal, interest or other Obligation due hereunder or under any other Loan Document or if an Event of Default has occurred and during the continuance thereofis continuing, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations such overdue amounts on demand at a rate per annum equal to the Post-Default Rate rate of interest that otherwise would be applicable to such the Loans and Obligationsplus 2.00% per annum.

Appears in 1 contract

Samples: Term Loan, Security and Guaranty Agreement (Venoco, Inc.)

Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Post- Default Rate applicable to such Loans and other Obligations.

Appears in 1 contract

Samples: Credit Agreement (Creative Host Services Inc)

Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, at the Borrower election of Agent or the Required Lenders, the Borrowers shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and other Obligations.

Appears in 1 contract

Samples: Credit Agreement (National Rv Holdings Inc)

AutoNDA by SimpleDocs

Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and other Obligations.

Appears in 1 contract

Samples: Credit Agreement (Pico Holdings Inc /New)

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