Common use of Default Interest Rate Clause in Contracts

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)

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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 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.

Appears in 1 contract

Samples: Accounts Receivable Credit 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 35% in excess of the rate or rates then in effect under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ixys Corp /De/)

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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, 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

Appears in 1 contract

Samples: Agreement (Golden State Vintners Inc)

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