Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2628, bear interest at a rate per annum equal to two the Base Rate PLUS the Applicable Margin for Base Rate Loans then in effect with respect to Revolving Credit Loans, PLUS three percent (23%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Perkins Finance Corp)
Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks Required Lenders pursuant to Section 2616.12, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans overdue principal pursuant to Section 2.85.11.1.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans and the Term Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2628, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans overdue principal pursuant to Section 2.86.11.1.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Bell Sports Corp)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2627, bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans then in effect with respect to Revolving Credit Loans or the applicable Term Loan, as the case may be, plus two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Dave & Busters Inc)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.28, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26(S)25, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.8(S)2.5.
Appears in 1 contract
Samples: Revolving Credit Agreement (Varian Semiconductor Equipment Associates Inc)
Amounts Not Overdue. During the continuance of an ------------------- Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.26, bear interest at a rate per annum equal to two one percent (21%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two three percent (23.0%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.82.5.
Appears in 1 contract
Samples: Revolving Credit Agreement (American Restaurant Group Inc)
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26ss.25, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8hereunder.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default Default, the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8.to
Appears in 1 contract
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks Required Lenders pursuant to Section 2617.12, bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans then in effect, plus two percent (22.0%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8per annum.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks Required Lenders pursuant to Section 2618.12, bear interest at a rate per annum equal to the greater of (a) two percent (22.0%) above the rate of interest otherwise applicable to such Loans and (b) the rate of interest applicable to overdue principal pursuant to Section 2.87.11.1.
Appears in 1 contract
Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks Bank pursuant to Section 2624, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8.applicable
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26§27, bear interest at a rate per annum equal to two percent (2%) above the highest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.8§3.5.
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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2626 hereof, bear interest at a rate per annum equal to the greater of (a) two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.82.5 hereof and (b) the rate of interest applicable to overdue principal pursuant to Section 5.11.1 hereof.
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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 2627, bear interest at a rate per annum equal to two percent the greater of (2%a) above [**] the rate of interest otherwise applicable to such Loans pursuant to Section 2.82.5 and Section 4.5 and (b) the rate of interest applicable to overdue principal pursuant to Section 6.11.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)
Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks Lender pursuant to Section 26the terms hereof, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.8ss. 2.5 and the Term Loan pursuant to ss. 4.5.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (DSL Net Inc)
Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Revolving Credit Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the highest rate of interest otherwise applicable to such Revolving Credit Loans pursuant to Section 2.82.5.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to two percent (2%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Base Rate.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 26, bear interest at a rate per annum equal to the greater of (i) two percent (2%) per annum above the rate of interest otherwise applicable to such Loans and (ii) the rate of interest applicable to overdue principal pursuant to Section 2.85.10.1. 5.11.
Appears in 1 contract
Samples: Revolving Credit Agreement (Rollins Truck Leasing Corp)
Amounts Not Overdue. During the continuance of a Default ------------------- or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Required Banks pursuant to Section 26(S)27, bear interest at a rate per annum equal to two the greater of three percent (23.0%) per annum above the rate of interest otherwise Base Rate plus the Applicable Margin ---- then applicable to such Loans pursuant to Section 2.8Base Rate Loans.
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Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks pursuant to Section 2624, bear interest at a rate per annum equal to two the greater of (i) four percent (24%) above the rate of interest otherwise applicable to such Loans or (ii) the rate of interest applicable to overdue principal pursuant to Section 2.84.11.1.
Appears in 1 contract
Samples: Credit Agreement (New England Business Service Inc)
Amounts Not Overdue. During the continuance of an ------------------- Event of Default the principal of the Loans not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Majority Banks pursuant to Section 26(S)27, bear interest at a rate per annum equal to two one percent (21%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8Loans.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Amounts Not Overdue. During the continuance of a Default or an Event of Default Default, the principal of the Loans not overdue shall, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Majority Banks Bank pursuant to Section 26Section24, bear interest at a rate per annum equal to two three percent (23%) above the rate of interest otherwise applicable to such Loans pursuant to Section 2.8applicable.
Appears in 1 contract
Samples: Revolving Credit Agreement (Transact Technologies Inc)