Common use of Default Rates Clause in Contracts

Default Rates. Upon the occurrence and during the continuance of an Event of Default, if demanded by Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence of an event described in Section 8.1.10 hereof), Borrowers shall pay to the extent permitted by law: (a) in the case of LIBO Rate Loans only, (i) interest (after as well as before judgment) on the principal amount of all outstanding LIBO Rate Loans at a rate per annum equal to the LIBO Rate (Reserve Adjusted) from time to time in effect, plus, in the case of Revolving Loans, the sum of the then Applicable Margin for Revolving Loans that are LIBO Rate Loans plus two (2%) percent per annum until the expiration of the applicable Interest Period in effect at such time, and (ii) thereafter, in accordance with subsection (b) of this Section 3.2.2; and (b) in the case of Base Rate Loans, Swing Line Loans and all other amounts payable under this Agreement, interest (after as well as before judgment) on (i) the principal amount of all outstanding Loans, (ii) all unpaid interest and fees payable hereunder and (iii) any other amounts due and payable, in each case at a rate per annum equal to the Alternate Base Rate from time to time in effect, plus in the case of Revolving Loans, the sum of the then Applicable Margin for Revolving Loans that are Base Rate Loans plus two (2%) percent per annum.

Default Rates. Upon the occurrence and during the continuance of an Event of Default, if demanded by Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence of an event described in Section 8.1.10 hereof), Borrowers shall pay to the extent permitted by law: (a) in the case of LIBO Rate Loans only, (i) interest (after as well as before judgment) on the principal amount of all outstanding LIBO Rate Loans at a rate per annum equal to the LIBO Rate (Reserve Adjusted) from time to time in effect, plus, (A) in the case of Revolving A Loans, the sum of the then Applicable Margin for Revolving A Loans that are LIBO Rate Loans plus two (2%) percent per annum annum, or (B) in the case of Revolving B Loans, five and three-quarters (5 3/4%) percent per annum, in each case until the expiration of the applicable Interest Period in effect at such time, and (ii) thereafter, in accordance with subsection (b) of this Section 3.2.2; and (b) in the case of Base Rate Loans, Swing Line Loans and all other amounts payable under this Agreement, interest (after as well as before judgment) on (i) the principal amount of all outstanding Loans, (ii) all unpaid interest and fees payable hereunder and (iii) any other amounts due and payable, in each case at a rate per annum equal to the Alternate Base Rate from time to time in effect, plus (A) in the case of Revolving A Loans, the sum of the then Applicable Margin for Revolving A Loans that are Base Rate Loans plus two (2%) percent per annum, or (B) in the case of Revolving B Loans, four (4%) percent per annum.

Default Rates. Upon the occurrence and during the continuance of an Event of Default, if demanded by the Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence of an event described in Section 8.1.10 hereof8.1.10), Borrowers the Borrower shall pay to the extent permitted by law: (a) in the case of LIBO Rate Loans only, (i) interest (after as well as before judgment) on the principal amount of all outstanding LIBO Rate Loans at a rate per annum equal to the LIBO Rate (Reserve Adjusted) from time to time in effect, plus, (A) in the case of Loans other than Revolving Loans based on Leasehold Availability, three and three-quarters percent (3 3/4%) per annum, or (B) in the case of Revolving LoansLoans based on Leasehold Availability, five and three-quarters percent (5 3/4%) per annum, or (C) in the sum case of the then Applicable Margin for Revolving Loans that are LIBO Rate Loans plus two based on Supplemental Junior Availability, nine (29%) percent per annum annum, in each case until the expiration of the applicable Interest Period in effect at such time, and (ii) thereafter, in accordance with subsection clause (b) of this Section 3.2.2; and (b) in the case of Base Rate Loans, Swing Line Loans and all other amounts payable under this Agreement, interest (after as well as before judgment) on (i) the principal amount of all outstanding Loans, (ii) all unpaid interest and fees payable hereunder and (iii) any other amounts due and payable, in each case at a rate per annum equal to the Alternate Base Rate from time to time in effect, plus (A) in the case of Loans other than Revolving Loans based on Leasehold Availability, two and one-quarter percent (2 1/4%) per annum, or (B) in the case of Revolving LoansLoans based on Leasehold Availability, four and one-quarter percent (4 1/4%) per annum or (C) in the sum case of the then Applicable Margin for Revolving Loans that are Base Rate Loans plus two based on Supplemental Junior Availability, seven and one-half percent (27 1/2%) percent per annum.