Common use of Rate after Maturity Clause in Contracts

Rate after Maturity. (a) Except as provided in the next sentence, any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Base Rate plus the Applicable Rate, if any, applicable to Floating Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. In the case of a Eurodollar Ratable Advance or Eurodollar Bid Rate Advance not paid at maturity, whether by acceleration or otherwise, such Advance shall bear interest at a rate per annum equal to the interest rate (including any Applicable Rate) otherwise applicable to such Advance plus 2% per annum to the fullest extent permitted by applicable Laws. (b) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Majority Banks, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Base Rate plus the Applicable Rate, if any, applicable to Floating Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. (c) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

Rate after Maturity. (a) Except as provided in the next sentence, any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Base Rate plus the Applicable RateMargin, if any, applicable to Floating Base Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. In the case of a Eurodollar Ratable Term SOFR Advance, Alternative Currency Daily Rate Advance or Eurodollar Bid Alternative Currency Term Rate Advance not paid at maturity, whether by acceleration or otherwise, such Advance shall bear interest at a rate per annum equal to the interest rate (including any Applicable RateMargin) otherwise applicable to such Advance plus 2% per annum to the fullest extent permitted by applicable Laws. (b) If any amount (other than principal of any Loan) payable by the any Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Majority Banks, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Base Rate plus the Applicable RateMargin, if any, applicable to Floating Base Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. (c) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

Rate after Maturity. (a) Except as provided in the next sentence, any Advance not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Base Rate plus the Applicable RateMargin, if any, applicable to Floating Base Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. In the case of a Eurodollar Ratable Advance or Eurodollar Bid Rate Advance not paid at maturity, whether by acceleration or otherwise, such Advance shall bear interest at a rate per annum equal to the interest rate (including any Applicable RateMargin) otherwise applicable to such Advance plus 2% per annum to the fullest extent permitted by applicable Laws. (b) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Majority Banks, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Base Rate plus the Applicable RateMargin, if any, applicable to Floating Base Rate Loans plus 2% per annum to the fullest extent permitted by applicable Laws. (c) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.