Common use of Rate after Maturity Clause in Contracts

Rate after Maturity. Any applicable Advance not paid at maturity thereof, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the ABR, plus 2% per annum.

Appears in 2 contracts

Sources: Credit Agreement (Northern Border Partners Lp), Credit Agreement (Northern Border Partners Lp)

Rate after Maturity. Any applicable Notwithstanding anything to the contrary contained herein, any Advance not paid at maturity thereofmaturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the ABR, plus 2% per annum.Default Rate. 45

Appears in 1 contract

Sources: Credit Agreement (Monterey Homes Corp)

Rate after Maturity. Any applicable Except as provided in the next sentence, any Advance not paid at maturity thereofmaturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the ABR, plus 2% per annum.Alternate 27

Appears in 1 contract

Sources: Credit Agreement (Nike Inc)