Post-Maturity Interest Rates; Default Interest Rates. If all or a portion of the principal amount of any Term Loan is not paid when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise) or any Term Loan Obligation (other than principal on the Term Loans) is not paid or deposited when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise), (i) all such overdue amounts of principal on the Term Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus the Default Rate and (ii) all such other defaulted amounts of Term Loan Obligations (other than principal on the Term Loans) shall bear interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus the Default Rate, from the date of such non-payment until the amount then due is paid in full (after as well as before judgment).
Appears in 4 contracts
Samples: Term Loan Facility Agreement (Cheniere Corpus Christi Holdings, LLC), Term Loan Facility Agreement (Cheniere Energy, Inc.), Term Loan Facility Agreement (Cheniere Energy Inc)
Post-Maturity Interest Rates; Default Interest Rates. If all or a portion of the principal amount of any Term Commercial Bank Loan is not paid when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise) or any Term Loan Obligation (other than principal on the Term Commercial Bank Loans) is not paid or deposited when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise), (i) the outstanding principal amount of all such overdue amounts of principal on the Term Commercial Bank Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus the Default Rate two percent (2%) and (ii) all such other defaulted amounts of Term Loan Obligations (other than principal on the Term Commercial Bank Loans) shall bear interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus two percent (2%) (the rate set forth in clause (i) or (ii), as applicable, the “Default Rate”), from the date of such non-payment until the amount then due is paid in full (after as well as before judgment).
Appears in 4 contracts
Samples: Credit Agreement, Credit Agreement (Cheniere Energy Partners, L.P.), Credit Agreement (Cheniere Energy Partners, L.P.)
Post-Maturity Interest Rates; Default Interest Rates. If all or a portion of the principal amount of any Construction/Term Loan is not paid when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise) or any Term Loan Obligation (other than principal on the Construction/Term Loans) is not paid or deposited when due (whether on the Term Loan Final Maturity Date, by acceleration or otherwise), (i) the outstanding principal amount of all such overdue amounts of principal on the Construction/Term Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus the Default Rate two percent (2%) and (ii) all such other defaulted amounts of Term Loan Obligations (other than principal on the Construction/Term Loans) shall bear interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus two percent (2%) (the rate then applicable with respect to clause (i) or (ii), as applicable, plus such two percent (2%), the “Default Rate”), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until the amount then due is paid in full (after as well as before judgment).
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