Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. Upon the occurrence and during the continuance of an Event of Default, the Borrowers shall jointly and severally pay, but only to the extent permitted by law, interest (after as well as before judgment) in an amount equal to (a) in the case of any principal of LIBO Rate Loans or accrued interest thereon, the rate that would otherwise be applicable to such LIBO Rate Loans pursuant to Section 3.2.1 plus 2%, (b) in the case of any principal of Base Rate Loans or accrued interest thereon, the rate that would otherwise be applicable to such Base Rate Loans pursuant to Section 3.2.1 plus 2% and (c) in the case of any accrued commitment fees, letter of credit fees or other monetary Obligations, the rate that would otherwise be applicable to Revolving Loans that are maintained as Base Rate Loans pursuant to Section 3.2.1 plus 2%.

Post-Default Rates. Upon the occurrence and during the continuance of an Event of Default, the Borrowers shall jointly and severally pay, but only to the extent permitted by law, interest (after as well as before judgment) in an amount equal to (a) in the case of any principal of LIBO Rate Loans or accrued interest thereon, the rate that would otherwise be applicable to such LIBO Rate Loans pursuant to Section SECTION 3.2.1 plus 2%, (b) in the case of any principal of Base Rate Loans or accrued interest thereon, the rate that would otherwise be applicable to such Base Rate Loans pursuant to Section SECTION 3.2.1 plus 2% and (c) in the case of any accrued commitment fees, letter of credit fees or other monetary Obligations, the rate that would otherwise be applicable to Revolving Loans that are maintained as Base Rate Loans pursuant to Section SECTION 3.2.1 plus 2%.

Post-Default Rates. Upon the occurrence and during the continuance of an Event of Default, the Borrowers (other than the Canadian Borrower) shall jointly and severally pay, but only to the extent permitted by law, interest (after as well as before judgment) in an amount equal to (a) in the case of any principal of LIBO Rate Loans or accrued unpaid interest thereon, the rate that would otherwise be applicable to such LIBO Rate Loans pursuant to Section 3.2.1 plus 2%, (b) in the case of any principal of Base Rate Loans or accrued unpaid interest thereon, the rate that would otherwise be applicable to such Base Rate Loans pursuant to Section 3.2.1 plus 2% and (c) in the case of any accrued and unpaid commitment fees, letter of credit fees or other monetary Obligations, the rate that would otherwise be applicable to Revolving Loans that are maintained as Base Rate Loans pursuant to Section 3.2.1 plus 2%.

Post-Default Rates. Upon From and after the occurrence and during the continuance of an Event of DefaultDefault (and only during such period that such Event of Default is continuing), the Borrowers shall jointly and severally paypay in the case of any overdue amounts in respect of Loans or other monetary obligations, but only to the extent permitted by law, interest (after as well as before judgment) in an amount on such amounts at a rate per annum equal to to, (a) in the case of any principal of LIBO Rate Loans or accrued interest thereonLoans, the rate (inclusive of the Applicable Base Rate Margin or the Applicable LIBO Rate Margin, as applicable) that would otherwise be applicable to such LIBO Rate Loans pursuant to Section 3.2.1 plus 2%, 2.00% or (b) in the case of any principal of Base Rate Loans or accrued interest thereonother monetary obligations, the rate (inclusive of the Applicable Base Rate Margin) that would otherwise be applicable to such Base Rate Loans pursuant to Section 3.2.1 plus 2% and (c) in the case of any accrued commitment fees, letter of credit fees or other monetary Obligations, the rate that would otherwise be applicable to Revolving Loans that are maintained as Base Rate Loans pursuant to Section 3.2.1 plus 22.00%.

Post-Default Rates. Upon the occurrence and during the continuance of an Event of DefaultDefault described in Section 8.1.1, the Borrowers shall jointly and severally pay, but only to the extent permitted by law, interest (after as well as before judgment) in an amount equal to (a) in the case of any principal of LIBO Rate Loans or accrued interest thereon, the rate that would otherwise be applicable to such LIBO Rate Loans pursuant to Section 3.2.1 plus 2%, and (b) in the case of any principal of Base Rate Loans or Loans, accrued interest thereonthereon or any other monetary Obligations, the rate that would otherwise be applicable to such Base Rate Loans pursuant to Section 3.2.1 plus 2% and (c) in the case of any accrued commitment fees, letter of credit fees or other monetary Obligations, the rate that would otherwise be applicable to Revolving Loans that are maintained as Base Rate Loans pursuant to Section 3.2.1 plus 2%.