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 Required Lenders pursuant to Section 14.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to Section 4.6.1.
Appears in 2 contracts
Sources: Senior Secured Credit Agreement (Borders Group Inc), Senior Secured Credit Agreement (Pershing Square Capital Management, L.P.)
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 Required Lenders pursuant to Section 14.1216.12, bear interest at a rate per annum equal to the rate of interest applicable to overdue principal pursuant to Section 4.6.15.11.1.
Appears in 2 contracts
Sources: Multicurrency Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc)
Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans not overdue shallDefault, until such Default or Event of Default has been cured or remedied or such Default or Event of Default has been waived by the Lenders or the Required Lenders pursuant to Section 14.1216.12, (a) the principal of the Revolving Credit Loans not overdue shall, bear interest at a rate per annum equal to the greater of (i) two percent (2.00%) above the rate of interest otherwise applicable to overdue principal such Revolving Credit Loans pursuant to Section 4.6.1.to
Appears in 2 contracts
Sources: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Amounts Not Overdue. During the continuance of a Default or an Event of Default the principal of the Loans Loan 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 in writing by the Required Lenders pursuant to Section 14.12Lender, bear interest at a rate per annum equal to four percent (4%) above the rate of interest otherwise applicable to overdue principal pursuant to Section 4.6.1rate.
Appears in 2 contracts
Sources: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)
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 Required Lenders pursuant to Section 14.1218.12, bear interest at a rate per annum equal to the greater of (a) two percent (2.0%) above the rate of interest otherwise applicable to such Loans and (b) the rate of interest applicable to overdue principal pursuant to Section 4.6.17.11.1.
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