Amounts Not Overdue. During the continuance of a Default or an Event of Default, 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 16.12, (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 such Revolving Credit Loans pursuant to
Appears in 2 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Amounts Not Overdue. During the continuance of a Default or an Event of DefaultDefault the principal of the 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 Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shallLender, bear interest at a rate per annum equal to the greater of (i) two four percent (2.004%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant torate.
Appears in 2 contracts
Samples: Loan Agreement (Optical Security Group Inc), Loan Agreement (Applied Opsec Corp)
Amounts Not Overdue. During the continuance of a Default or an ------------------- Event of DefaultDefault 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 Lenders or the Required Lenders pursuant to Section 16.12, (a) the principal of the Revolving Credit Loans not overdue shall, bear interest at a rate per annum equal to the greater of (ia) two percent (2.002%) above the rate of interest otherwise applicable to such Revolving Credit Loans pursuant tothe
Appears in 1 contract
Samples: Revolving Credit Agreement (Us Xpress Enterprises Inc)