Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, has occurred or is continuing, the Borrower shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates then in effect under this Agreement.
Appears in 12 contracts
Samples: Credit Agreement (Biolase Technology Inc), Agreement (Golden State Vintners Inc), Term Loan Credit Agreement (Scheid Vineyards Inc)
Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, has occurred or is continuing, the Borrower shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 35% in excess of the rate or rates then in effect under this Agreement.
Appears in 4 contracts
Samples: Credit Agreement (Guidance Software, Inc.), Credit Agreement (Alphatec Holdings, Inc.), Credit Agreement (Guidance Software, Inc.)
Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, Default has occurred or and is continuing, the Bank, at its option, may require the Borrower shall to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement. 8.02.
Appears in 2 contracts
Samples: Line of Credit Agreement (Applied Signal Technology Inc), Commercial Credit Agreement (Applied Signal Technology Inc)
Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, Default has occurred or and is continuing, the Bank, at its option, may require the Borrower shall to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under under' this Agreement.
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Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, has occurred or is continuing, the Borrower shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 35% in excess of the rate or rates then in effect under this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Ixys Corp /De/)
Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, Default has occurred or and is continuing, the Bank, at its option, may require the Borrower shall to pay to the Bank interest on of any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.
Appears in 1 contract
Samples: 8 Term Loan Agreement (Atg Inc)
Default Interest Rate. If an Event of Default, or an event which, with notice or passage of time could become an Event of Default, has occurred or is continuing, the Borrower shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates then in effect under this Agreement.. 9.3
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