Common use of Principal Amount and Interest Rate Clause in Contracts

Principal Amount and Interest Rate. Notwithstanding the principal amount of any Security Document, or the rate of interest specified therein, the Administration Agent agrees that it will not demand or attempt to enforce payment under the Security Documents of: (a) any principal amount in excess of all amounts payable by the Borrowers or either of them to the Administration Agent or the Lenders under this Agreement or under or in connection with Treasury Contracts; or (b) any interest or fees at a rate or rates in excess of the applicable rate or rates provided for under this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/)

Principal Amount and Interest Rate. Notwithstanding the principal amount of any Security Document, or the rate of interest specified therein, the Administration Agent agrees that it will not demand or attempt to enforce payment under the Security Documents of: (a) any principal amount in excess of all amounts payable by the Borrowers or either of them to the Administration Agent or the Lenders under this Agreement or under or in connection with Treasury Contracts; or (b) any interest or fees at a rate or rates in excess of the applicable rate or rates provided for under this Agreement.. ARTICLE 12

Appears in 1 contract

Sources: Credit Agreement (Pope & Talbot Inc /De/)

Principal Amount and Interest Rate. Notwithstanding the principal amount of any Security Document, or the rate of interest specified therein, the Administration Agent agrees that it will not demand or attempt to enforce payment under the Security Documents of: (a) any principal amount in excess of all amounts payable by the Borrowers or either of them to the Administration Agent or the Lenders under this Agreement or under or in connection with Treasury Contracts; or (b) any interest or fees at a rate or rates in excess of the applicable rate or rates provided for under this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Pope & Talbot Inc /De/)