Past Due Interest. The Borrower shall pay interest on all Obligations other than amounts due under Section 16.04(a) and other Administrative Expenses that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Appears in 8 contracts
Sources: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp), Term Credit and Security Agreement (Monroe Capital Income Plus Corp), Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp)
Past Due Interest. The Borrower shall pay interest on all Obligations (other than amounts due under Section 16.04(aprincipal and interest on the Advances, where the default rate is reflected in the Applicable Margin) and other Administrative Expenses that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Appears in 2 contracts
Sources: Credit Agreement (Main Street Capital CORP), Revolving Credit and Security Agreement (Main Street Capital CORP)
Past Due Interest. The Borrower shall pay interest on all Obligations other than amounts due under Section 16.04(a13.04(a) and other Administrative Expenses that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Capitala Finance Corp.)