Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 52 contracts
Sources: Credit and Security Agreement, Credit and Security Agreement (Rockshox Inc), Credit and Security Agreement (Atrix Acquisition Corp)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Revolving Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 3 contracts
Sources: Credit and Security Agreement (Dynamic Materials Corp), Credit and Security Agreement (Micro Component Technology Inc), Credit and Security Agreement (Rf Monolithics Inc /De/)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances Obligations outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 2 contracts
Sources: Credit and Security Agreement (Naturade Inc), Credit and Security Agreement (Microtel International Inc)
Default Interest Rate. At any time during any Default Period, commencing with the first day of the first month following the Default, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 1 contract
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods during that Default Period designated by the Lender from time to time during that Default Periodtime.
Appears in 1 contract
Sources: Credit and Security Agreement (Eagle Geophysical Inc)
Default Interest Rate. At any time during any Default Period, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated in writing by the Lender from time to time during that Default Period.
Appears in 1 contract
Sources: Credit and Security Agreement (Luminant Worldwide Corp)
Default Interest Rate. At any time during which any Default Periodor Event of Default shall have occurred and be continuing, in the Lender's sole discretion and without waiving any of its other rights and remedies, the principal of the Advances outstanding from time to time shall bear interest at the Default Rate, effective for any periods designated by the Lender from time to time during that Default Period.
Appears in 1 contract
Sources: Credit and Security Agreement (Pentastar Communications Inc)