Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s or any ▇▇▇▇▇▇’s rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan that is not paid when due shall be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loan.
Appears in 2 contracts
Sources: Forbearance Agreement and Fourth Amendment to Loan and Security Agreement (Endurant Capital Management LP), Forbearance Agreement and Fourth Amendment to Loan and Security Agreement (DG Capital Management, LLC)
Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s 's or any ▇▇▇▇▇▇’s 's rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan that is not paid when due shall be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loan.
Appears in 1 contract
Sources: Loan and Security Agreement (INVACARE HOLDINGS Corp)
Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s or any ▇L▇▇▇▇▇’s rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan the Loans that is not paid when due shall shall, at the election of Administrative Agent (acting at the direction of the Required Lenders), be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loanthe Loans.
Appears in 1 contract
Sources: Loan and Security Agreement (Lulu's Fashion Lounge Holdings, Inc.)
Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s the Agents’ or any ▇▇▇▇▇▇Lender’s rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan the Loans that is not paid when due shall shall, at the election of the Administrative Agent (acting at the direction of the Required Lenders), be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loanthe Loans.
Appears in 1 contract
Sources: Loan and Security Agreement (Alliance Entertainment Holding Corp)
Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s or any ▇▇▇▇▇▇Lender’s rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan that is not paid when due shall be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loan.
Appears in 1 contract