Default Margin Sample Clauses

POPULAR SAMPLE Copied 1 times
Default Margin. Upon the occurrence and during the continuation of an Event of Default, including, if any amount due under any of the Credit Documents or under the Loan, including principal, interest, fees, premiums, expenses or any other amount, is not paid when due (whether at maturity, by acceleration or otherwise), then interest (“interés moratorio”) shall accrue and compound monthly] on all Disbursements at the Interest Rate plus two percent (2.00%) per annum.
View SourceView Similar (5)
Default Margin. Notwithstanding the terms of Clause 12.3 (Margin Ratchet), no reduction in the Margin shall be effected whilst an Event of Default is continuing. On the occurrence of an Event of Default, the Margin shall immediately revert to 0.75% per annum. On the date upon which such Event of Default is remedied or waived by the Majority Lenders, the Margin shall be recalculated by the Facility Agent by reference to the ratio of Consolidated Total Net Debt to Consolidated Adjusted EBITDA set out in the most recent Compliance Certificate delivered to the Facility Agent.
View SourceView Similar (2)
Default Margin. The Margin shall be 2.25 per cent. per annum from the date determined by the Agent (acting reasonably) (in writing) as being the date on which an Event of Default or Potential Event of Default has occurred or come into existence until the date specified by the Agent (in writing) as being the date on which it has been demonstrated to its satisfaction (acting reasonably) that such Event of Default or Potential Event of Default is no longer continuing. The Agent shall promptly notify the other parties hereto of any determination that an Event of Default or Potential Event of Default has occurred or exists or, as the case may be, that it has been demonstrated to its reasonable satisfaction that such is no longer continuing.
View SourceView Similar (2)
Default Margin. No reduction in the Margin provided for by Clause 10.2 (Margin Ratchets) will be implemented from the date (a “No Ratchet Date”) determined by the Agent as being the date on which an Event of Default has occurred or come into existence until the date (a “Ratchet Date”) specified by the Agent as being the date on which it has been demonstrated to its satisfaction that such Event of Default is no longer continuing. The Margin applicable to any Loan outstanding during the period from any No Ratchet Date until the corresponding Ratchet Date shall be the Initial Margin. The Agent shall promptly notify the Lenders and the Obligor’s Agent of any determination that an Event of Default has occurred or exists or, as the case may be, that it has been demonstrated to its reasonable satisfaction that such is no longer continuing.
View Source
Default Margin. Notwithstanding the foregoing, and without prejudice to Clause 7 (Default Interest), upon receipt of notice from the Lender of any Event of Default or in the event that the Parent has not provided a Margin Certificate or Certificate of Compliance when due, the Margin shall automatically and immediately revert to 0.850 % p.a. for the duration of such Event of Default or breach.
View Source
Default Margin. Payment Of Interest.................................................................
View Source

Related to Default Margin

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Late Fee; Default Rate If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

  • Post-Default Interest The Borrower shall pay interest on all Obligations (other than any Administrative Expenses) that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Post-Default Rate. Interest payable at the Post-Default Rate shall be payable on each Payment Date in accordance with the Priority of Payments.

  • Post-Default Rate Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower or any Guarantor hereunder or under any other Loan Document is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate applicable to ABR Loans as provided in Section 3.02(a), but in no event to exceed the Highest Lawful Rate.

  • Calculation of default rate of interest The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.