Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. After the date (after giving effect to any grace period) any principal amount of any Loan is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, or after the occurrence of any other Event of Default the Borrower shall pay, but only to the extent permitted by Governmental Rule, interest (after as well as before judgment) at a rate per annum equal to the sum of (x) the Adjusted Base Rate from time to time in effect for Base Rate Loans plus (y) 2%.

Post-Default Rates. After the date (after giving effect to any grace period) any principal amount of any Loan is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payablepayable (including drawn and unpaid Letters of Credit), or after the occurrence of any other Event of Default the Borrower shall pay, but only to the extent permitted by Governmental Rule, interest (after as well as before judgment) at a rate per annum equal to the sum of (x) the Adjusted Alternate Base Rate plus (y) 2% plus (z) the Applicable Margin from time to time in effect for Base Rate Loans plus (y) 2%Loans.

Post-Default Rates. After the occurrence of any Event of Default or after the date (after giving effect to any grace period) any principal amount of any Loan is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, or after the occurrence of any other Event of Default the Borrower shall pay, but only to the extent permitted by Governmental Rulelaw, interest (after as well as before judgment) at a rate per annum equal to the sum of (x) the Adjusted Alternate Base Rate plus (y) 2.00% plus (z) the Applicable Margin from time to time in effect for Base Rate Loans plus (y) 2%the "Default Rate").

Post-Default Rates. After the date (after giving effect to any grace period) any principal amount of any Loan is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, or after the occurrence of any other Event of Default the Borrower shall pay, but only to the extent permitted by Governmental Rulelaw, interest (after as well as before judgment) at a rate per annum equal to the sum of (x) the Adjusted Alternate Base Rate plus (y) 2.00% plus (z) the Applicable Margin from time to time in effect for Base Rate Loans plus (y) 2%the "Default Rate").