Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. Upon the occurrence and during the continuation of an Event of Default, the Borrowers shall pay, but only to the extent permitted by applicable Law, interest (after as well as before judgment) on the Obligations at a rate per annum equal to (a) in the case of Loans, the rate per annum otherwise applicable to such Loans plus 2.00% per annum, and (b) in the case of Letter of Credit Outstandings and other amounts due under this Agreement or under any other Loan Document, by acceleration or otherwise, the rate per annum equal to the rate that would be applicable to a Base Rate Loan plus 2% per annum, in each case from the date of such non-payment until such amount is paid in full (in any such case, after as well as before judgment); provided that no interest at such default rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender.

Post-Default Rates. Upon the occurrence and during the continuation of an Event any Default, or after any other monetary Obligation of Defaultthe Borrowers shall have become due and payable, the Borrowers shall pay, but only to the extent permitted by applicable Lawlaw, interest (after as well as before judgment) on the Obligations such amounts at a rate per annum equal to (a) ), in the case of Loans, the rate per annum otherwise applicable to such Loans in effect plus 2.00a margin of 2% per annum, annum and (b) in the case of Letter of Credit Outstandings and other amounts due under this Agreement or under any other Loan DocumentObligations payable hereunder, by acceleration or otherwise, the interest at a rate per annum equal to the rate that would be applicable to a Base Rate Loan Term Loans plus 2% per annum%, in each case case, from the date of such non-payment until such amount is paid in full (in any such case, after as well after as before judgment); provided that no interest at such default rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender.

Post-Default Rates. Upon After the occurrence date any principal amount of any Loan is due and during payable (whether on any Stated Maturity Date, upon acceleration or otherwise), or after any other monetary Obligation of the continuation Borrower shall have become due and payable, at the request of an Event of Defaultthe Administrative Agent or the Required Lenders, the Borrowers Borrower shall pay, but only to the extent permitted by applicable Lawlaw, interest (after as well as before judgment) on the Obligations such amounts at a rate per annum equal to (a) in the case of Loansoverdue principal on any Loan, the rate per annum of interest that otherwise would be applicable to such Loans Loan plus 2.002% per annum, ; and (b) in the case of Letter of Credit Outstandings overdue interest, fees, and other amounts due under this Agreement or under any other Loan Document, by acceleration or otherwisemonetary Obligations, the rate per annum equal to Alternate Base Rate, plus the rate that would be applicable to a Applicable Margin for US Term Loans accruing interest at the Base Rate Loan Rate, plus 2% per annum, in each case from the date of such non-payment until such amount is paid in full (in any such case, after as well as before judgment); provided that no interest at such default rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender.