Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and Obligations.
Appears in 5 contracts
Sources: Credit Agreement (Internationale Nederlanden Capital Corp), Credit Agreement (Phonetel Technologies Inc), Credit Agreement (Internationale Nederlanden Capital Corp)
Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, at the Borrower election of Agent or the Required Lenders, the Borrowers shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and other Obligations.
Appears in 1 contract
Post-Default Rates. From and after If the occurrence Borrower shall default in the payment of any principal, interest or other Obligation due hereunder or under any other Loan Document or if an Event of Default has occurred and during the continuance thereofis continuing, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations such overdue amounts on demand at a rate per annum equal to the Post-Default Rate rate of interest that otherwise would be applicable to such the Loans and Obligationsplus 2.00% per annum.
Appears in 1 contract
Sources: Term Loan, Security and Guaranty Agreement (Venoco, Inc.)
Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Default Rate applicable to such Loans and other Obligations.
Appears in 1 contract
Post-Default Rates. From and after the occurrence of an Event of Default and during the continuance thereof, the Borrower shall pay interest (after as well as before judgment) on the outstanding principal amount of all Loans and other Obligations at a rate per annum equal to the Post-Post- Default Rate applicable to such Loans and other Obligations.
Appears in 1 contract