Default Margin Sample Clauses
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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.
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.
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.
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.
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.
Default Margin. Payment Of Interest.................................................................