Additional Secured Obligations. All amounts due under this Section shall be payable within 10 days of written demand therefor. If any amount payable by any Debtor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws and (ii) be additional Secured Obligations secured hereby and by the other Loan Documents to which a Debtor is a party.
Appears in 2 contracts
Samples: Credit Agreement (Flow International Corp), Security Agreement (Flow International Corp)
Additional Secured Obligations. All amounts due under this Section shall be payable within 10 days of written demand therefor. If any amount payable by any Debtor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws and (ii) be additional Secured Obligations secured hereby and by the other Loan Documents to which a Debtor is a partyCollateral Documents.
Appears in 2 contracts
Samples: Security Agreement (Planar Systems Inc), Security Agreement (Getty Images Inc)
Additional Secured Obligations. All amounts due under this Section shall be payable within 10 days of written demand therefor. If any amount payable by any the Debtor under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws and (ii) be additional Secured Obligations secured hereby and by the other Loan Documents to which a Debtor is a partyCollateral Documents.
Appears in 2 contracts
Samples: Security Agreement (Flow International Corp), Security Agreement (Getty Images Inc)
