Common use of Default Rate of Interest Clause in Contracts

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two four percent (2.04.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the overdue principal and interest with respect to any Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in and (b) the case of any Event of Default specified fee described in Section 10.1(e2.5(b) or 10.1(fshall increase by a rate that is five percent (5.0%) above, in excess of the rate otherwise payable under such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderSection.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in and (b) the case of any Event of Default specified fee described in Section 10.1(e2.4(b) or 10.1(fshall increase by a rate that is two percent (2.0%) above, in excess of the rate otherwise payable under such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderSection.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two [***] percent (2.0[***]%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.00%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates rate shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, to the extent permitted by applicable law, the Term Loans and other Obligations shall bear interest at rates a rate that are is two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; providedAgreement (provided that, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender).

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, the all Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum 2% in excess of the rates otherwise in effect, including, rates in effect pursuant to Subsection 1.2(B), with respect to such Loans and other Obligations. Interest accruing pursuant to this Subsection 1.2(E) is payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lenderdemand.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Revolving Loans and other Obligations shall bear interest at rates that are two four percent (2.04.0%) per annum in excess of the rates otherwise payable under this Agreement; providedAgreement (“Default Interest Rate”), however, that in and (b) the case of any Event of Default specified fee described in Section 10.1(e2.5(b) or 10.1(fshall increase by a rate that is four percent (4.0%) above, in excess of the rate otherwise payable under such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderSection.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreementas indicated on Schedule 10.4; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.in

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in and (b) the case of any Event of Default specified fee described in Section 10.1(e2.5(b) or 10.1(fshall increase by a rate that is five percent (5.0%) above, in excess of the rate otherwise payable under such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderSection.

Default Rate of Interest. At the election of Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, to the Loans extent permitted by applicable law, the Term Loan and other Obligations shall bear interest at rates a rate that are is two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or Section 10.1(f) above), such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates a rate that are two is 3 percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Term Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this AgreementDefault Rate; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates Default Rate shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Administrative Agent or Required LendersLenders (or automatically while any Event of Default under subsection 8.1(f) or 8.1(g) exists), after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in and all such interest shall accrue from the case initial date of any such Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind be payable on the part of demand by Administrative Agent or any Lenderthe Required Lenders.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; , provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans Loan and other Obligations shall bear interest at rates that are two four percent (2.04.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Agreement (“Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderInterest Rate”).

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above), such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, the all Loans and other Obligations shall bear interest at variable rates that are two percent (2.02.000%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderBase Rate.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, (a) the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in and (b) the case of any Event of Default specified fee described in Section 10.1(e2.5(b) or 10.1(fshall increase by a rate that is three percent (3.0%) above, in excess of the rate otherwise payable under such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderSection.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two three percent (2.03.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Agent or Required LendersAgent, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates a rate that are is two percent (2.02%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in . Agent shall notify Borrower promptly after Agent's imposition of interest at the case of any Event of Default default rate as specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lenderherein.

Default Rate of Interest. At the election of Administrative Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two percent (2.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate of Interest. At the election of Administrative Agent or Required Requisite Lenders, after the occurrence of an Event of Default and for so long as it continues, the all Loans and other Obligations shall bear interest at variable rates that are two percent (2.02.000%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, effect with respect to such default rates shall apply immediately Loans and automatically without the need for any election or action of any kind on the part of Agent or any Lenderother Obligations.

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans Loan and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Agreement (“Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any LenderInterest Rate”).

Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are two five percent (2.05.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.. Section 10.6