Common use of Default Rate of Interest Clause in Contracts

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above:

Appears in 82 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement, Loan Agreement (GasLog Ltd.)

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Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 per cent. above:

Appears in 34 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Agreement (Star Bulk Carriers Corp.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. 2.00 percent above:

Appears in 24 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 2.50 per cent. above:

Appears in 22 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Navios Maritime Containers L.P.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 1.5 per cent. above:

Appears in 8 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (Knightsbridge Tankers LTD), Agreement (TBS International LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 per cent. above:

Appears in 6 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate Loan Interest Rate plus 2.0% per annum determined by the Agent to be 2 per cent. above:annum.

Appears in 5 contracts

Samples: Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Fsru Lease Agreement, Loan Agreement

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be of 2 per cent. above:per annum.

Appears in 4 contracts

Samples: Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Agreement (Golar LNG Partners LP), Agreement (Golar LNG LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. , above:

Appears in 4 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (DryShips Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 per cent. , above:

Appears in 4 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Box Ships Inc.), Loan Agreement (DryShips Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 2.5 per cent. above:

Appears in 4 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement, Loan Agreement (Danaos Corp)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 two per cent. (2%) above:

Appears in 3 contracts

Samples: Loan Agreement (Alma Maritime LTD), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 2.00 per cent. above:

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Issuer to be 2 1.5 per cent. above:, the rate set out in Clause 6.3.

Appears in 3 contracts

Samples: Amending and Restating Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1.5 per cent. above:

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 per cent. cent above:

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (Tsakos Energy Navigation LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 2.0 per cent. above:

Appears in 2 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Agreement (DryShips Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1 per cent. above:

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1.5 per cent. abovecent plus:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 4 per cent. above:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. percent above:

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. abovecent.above:

Appears in 1 contract

Samples: Loan Agreement

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date on which that amount became due until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 4.00 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above:above the rate set out in Clause 8.3.

Appears in 1 contract

Samples: Agreement (Euronav NV)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1.35 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 2.5 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. two percent (2%) above:: Confidential

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

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Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 1 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. abovecent plus:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 1.125 per cent. cent above:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 1.0 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. two percent (2%) above:

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date as set forth in Clause 7.1 until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. 2.00 percent above:

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Administrative Agent to be 2 per cent. 2.00% above:

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Paying Agent to be 2 1 per cent. abovecent plus:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date such amount becomes due until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Seacastle Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1 per cent. abovecent plus:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment): in the case of any principal (including any capitalised interest) at the rate per annum determined by the Agent to be 2 of thirteen point seven (13.7) per cent. above:(representing the fixed interest payable pursuant to Clause 5.2 plus one (1) per cent. per annum); and

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 two per cent. (2%) above:

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount (and any unpaid interest with respect thereto) from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate of 2% per annum determined by the Agent to be 2 per cent. above:annum.

Appears in 1 contract

Samples: Loan Agreement (GasLog Partners LP)

Default Rate of Interest. Interest interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Management Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date such amount becomes due until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 1 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (Seacastle Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the a fixed rate per annum determined by the Agent to be 2 of 8.75 per cent. above:per annum.

Appears in 1 contract

Samples: Agreement (Golar LNG Partners LP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent Lender to be 2 1 per cent. , above:

Appears in 1 contract

Samples: Facility Agreement (Gala Properties Inc.)

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