Common use of Amounts Not Overdue Clause in Contracts

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §16.12, 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 Revolving Credit Loans, as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.1.

Appears in 4 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §16.1216.13, 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 Revolving Credit Loans, as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.15.13.1.

Appears in 3 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans and the Term Loan not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §16.12, 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 Revolving Credit LoansLoans or the Term Loan (or portion thereof), as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.1.

Appears in 3 contracts

Samples: Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, 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 Required Lenders pursuant to §16.1217.12, 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 Revolving Credit Loans, as the case may be, pursuant to §2.5 or Loans and (b) the rate of interest applicable to overdue principal pursuant to §5.10.16.10.1.

Appears in 2 contracts

Samples: Credit Agreement (Vermont Pure Holdings LTD/De), Credit Agreement (Crystal Rock Holdings, Inc.)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Term Loans shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §§ 16.12, 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 Revolving Credit Term Loans, as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.1.

Appears in 2 contracts

Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)

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 Required Lenders pursuant to §16.1215.12, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §2.5 or and (b) the rate of interest applicable to overdue principal pursuant to §5.10.14.10.1.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Safety Insurance Group Inc), Credit Agreement (Safety Insurance Group Inc)

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 Required Lenders pursuant to §16.12(S)16.12, bear interest at a rate per annum equal to the greater of (a) two percent (22.00%) above the rate of interest otherwise applicable to such Revolving Credit Loans, as the case may be, Loans pursuant to §2.5 or (S)2.5 and (b) the rate of interest applicable to overdue principal pursuant to §5.10.1(S)5.9.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lifeline Systems Inc)

Amounts Not Overdue. During the continuance of 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 Event of Default has been waived by the Required Lenders Majority Banks pursuant to §16.12Section 26, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §Section 2.5 or and (b) the rate of interest applicable to overdue principal pursuant to §5.10.1Section 5.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cabot Corp)

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 27 Default has been waived by the Required Lenders Majority Banks pursuant to §16.12Section 26, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §Section 2.5 or and (b) the rate of interest applicable to overdue principal pursuant to §Section 5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hbo & Co)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Term Loans shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §16.1216.13, 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 Revolving Credit the Term Loans, as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.15.12.1.

Appears in 1 contract

Samples: Term Loan Agreement (CAI International, Inc.)

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 Required Lenders Majority Banks pursuant to §16.12Section 25, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §Section 2.5 or and (b) the rate of interest applicable to overdue principal pursuant to §5.10.1Section 4.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Decisionone Holdings Corp)

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Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders pursuant to §16.12, 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 Revolving Credit Loans, as the case may be, pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.15.11.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, 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 Required Lenders Majority Banks pursuant to §16.12sect.24, bear interest at a rate per annum equal to the greater of (ai) two four percent (24%) above the rate of interest otherwise applicable to such Revolving Credit Loans, as the case may be, pursuant to §2.5 Loans or (bii) the rate of interest applicable to overdue principal pursuant to §5.10.1sect.4.11.1. 4.12.

Appears in 1 contract

Samples: Revolving Credit Agreement (New England Business Service 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 Required Lenders pursuant to §Section 16.12, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §Section 2.5 or (b) the or, if no rate of interest is then applicable to overdue principal pursuant to §5.10.1thereto, the Base Rate).

Appears in 1 contract

Samples: Revolving Credit Agreement (Keane Inc)

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 Required Lenders pursuant to §16.12, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §2.5 or (b) the rate of interest applicable to overdue principal pursuant to §5.10.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Interpool 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 Required Lenders Majority Banks pursuant to §16.12Section 26, 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 Revolving Credit LoansLoans pursuant to Section 2.5 or Section 4.5, as the case may be, pursuant to §2.5 or and (b) the rate of interest applicable to overdue principal pursuant to §Section 5.10.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc)

Amounts Not Overdue. During the continuance of an Event of Default the principal of the Revolving Credit Loans and the Term Loan not overdue shall, until such Event of Default has been cured or remedied or such Event of Default has been waived by the Required Lenders Majority Banks pursuant to §16.12sec.27, 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 Revolving Credit Loans, as the case may be, Loans pursuant to §2.5 or (b) sec.2.5 and the rate of interest applicable to overdue principal Term Loan pursuant to §5.10.1sec.4.5.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Filenes Basement Corp)

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