Default Margin. Upon the occurrence and during the continuation of an Event of Default, including, without limitation, 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 on all Disbursements at the Interest Rate plus two percent (2.00%) per annum.
Appears in 2 contracts
Default Margin. Upon the occurrence and during the continuation of an Event of Default, including, without limitation, 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.
Appears in 2 contracts
Samples: Agreement (Navios South American Logistics Inc.), Agreement (Navios South American Logistics Inc.)
Default Margin. Upon the occurrence and during the continuation of an Event of Default, including, without limitation, 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.
Appears in 1 contract
Samples: Loan Facility Agreement (Navios South American Logistics Inc.)
