Common use of Rates Applicable After Default Clause in Contracts

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate otherwise applicable to such Interest Period plus 2% per annum and (b) each Alternate Base Rate Advance, shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 2% per annum provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.11, 2.12 or 2.92.13, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During during the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 8.02 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the continuance of a Default under Section 7.02, unless waived by the Required Lenders or until such defaulted amount shall have been paid in full, (a) each Eurocurrency overdue Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable hereunder to such Interest Period plus 2% per annum and (b) each Alternate Base overdue Floating Rate Advance, Advance and all overdue fees and other overdue amounts payable hereunder shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus the Applicable Margin plus 2% per annum provided thatannum, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions each case without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.08 or 2.9Section 2.09, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 8.02 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate otherwise applicable to such Interest Period plus 2% per annum and (b) each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus the Applicable Margin for Alternate Base Rate Advances plus 2% per annum provided that, during the continuance of a Default under Section 7.6 7.01(f) or 7.7Section 7.01(g), the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section SECTION 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section SECTION 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate otherwise applicable to such Interest Period plus 21% per annum and (b) each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 21% per annum provided annum, PROVIDED that, during the continuance of a Default under Section SECTION 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate otherwise applicable to such Interest Period plus 2% per annum and (b) each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 2% per annum provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the ------------------------------ contrary contained in Section 2.8 2.2.3 or 2.92.2.4, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Ratable Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (ai) each Eurocurrency Eurodollar Advance and Absolute Rate Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate or Absolute Rate otherwise applicable to such Interest Period plus 2% per annum and (bii) each Alternate Base Floating Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 2% per annum provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lenderannum.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.8, 2.9 or 2.92.10, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower, declare that no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuingEurodollar Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (ai) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable to such Interest Period plus 2% per annum annum, and (bii) each Alternate Base Floating Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus 2% per annum annum; provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (ai) and (bii) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, during the continuance of a Default or Unmatured Monetary Default, no Advance may be made as, converted into or continued as a Eurocurrency Advance LIBO Rate Advance, unless the Majority Lenders otherwise agree (except with the notwithstanding any provision of Section 10.2 requiring unanimous consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuingLenders to changes in interest rates). During the continuance of a Default the Required Majority Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Majority Lenders notwithstanding any provision of Section 8.2 10.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (ai) each Eurocurrency LIBO Rate Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable to such Interest Period plus 2% per annum 300 basis points, and (bii) each Alternate Base Floating Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus 2% per annum 300 basis points, provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (ai) and (bii) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.5, during the continuance of a Default or 2.9Unmatured Monetary Default, no Advance Loan may be made as, converted into or continued as a Eurocurrency Advance LIBO Rate Loan, unless the Majority Lenders otherwise agree (except with the notwithstanding any provision of Section 10.2 requiring unanimous consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuingLenders to changes in interest rates). During the continuance of a Default the Required Majority Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Majority Lenders notwithstanding any provision of Section 8.2 10.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (ai) each Eurocurrency Advance LIBO Rate Loan shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable to such Interest Period plus 2% per annum 300 basis points, and (bii) each Alternate Base Floating Rate Advance, Loan shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus 2% per annum 300 basis points, provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (ai) and (bii) above shall be applicable to all Credit Extensions Loans without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default under Section 7.2, the Administrative Agent or the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the Administrative Agent or the Required Lenders Lenders, as applicable, notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) the overdue amount of each Eurocurrency Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate otherwise applicable to such Interest Period plus 2% per annum and annum, (b) the overdue amount of each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate Rate, in effect from time to time plus 2% per annum and (c) the overdue amount of each XXXXX Advance shall bear interest at a rate per annum equal to XXXXX in effect from time to time plus 2% per annum; provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and through (bc) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.8, 2.9 or 2.92.10, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During during the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 10.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the continuance of a Default, the Required Lenders may, at their option, by notice to the Borrowers (awhich notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 10.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that, (i) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable to such Interest Period plus 2% per annum and annum, (bii) each Alternate Base Floating Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus 2% per annum and (iii) the LC Fee shall be increased by 2% per annum, provided that, during the continuance of a Default under Section 7.6 9.5 or 7.79.6, the interest rates set forth in clauses (ai) and (bii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.11, 2.12 or 2.92.13, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During during the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 8.02 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the continuance of a Default under Section 7.02, unless waived by the Required Lenders or until such defaulted amount shall have been paid in full, (aA) each Eurocurrency overdue Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate rate otherwise applicable hereunder to such Interest Period plus 2% per annum and (bB) each Alternate Base overdue Floating Rate Advance, Advance and all overdue fees and other overdue amounts payable hereunder shall bear interest at a rate per annum equal to the Alternate Base Floating Rate in effect from time to time plus the Applicable Margin plus 2% per annum provided thatannum, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions each case without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default under Section 7.2, the Administrative Agent or the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the Administrative Agent or the Required Lenders Lenders, as applicable, notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) the overdue amount of each Eurocurrency Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Rate otherwise applicable to such Interest Period plus 2% per annum and and, (b) the overdue amount of each Alternate Base Rate Advance, shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 2% per annum and (c) the overdue amount of each XXXXX Advance shall bear interest at a rate per annum equal to XXXXX in effect from time to time plus 2% per annum; provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and andthrough (bbc) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 2.09 or 2.9Section 2.10, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 8.02 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate otherwise applicable to such Interest Period plus 2% per annum and (b) each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus the Applicable Margin for Alternate Base Rate Advances plus 2% per annum provided that, during the continuance of a Default under Section 7.6 7.01(f) or 7.7Section 7.01(g), the interest rates set forth in clauses (a) and (b) above shall be applicable to all Credit Extensions Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or 2.9, no Advance may be made as, converted into or continued as a Eurocurrency Eurodollar Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurocurrency Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the Eurocurrency Eurodollar Rate otherwise applicable to such Interest Period plus 2% per annum and annum, (b) each Alternate Base Rate Advance, Advance shall bear interest at a rate per annum equal to the Alternate Base Rate in effect from time to time plus 2% per annum and (c) the LC Fee shall be increased by 2% per annum provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) and (b) above and the increase in the LC Fee set forth in clause (c) above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.