Common use of Default Rate Clause in Contracts

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 139 contracts

Samples: Credit Agreement (Infocus Corp), Loan and Security Agreement (Freshpet, Inc.), Dip Credit Agreement (Foothills Resources Inc)

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Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 76 contracts

Samples: Patent Security Agreement (School Specialty Inc), Credit Agreement (PointClickCare Corp.), Credit Agreement (School Specialty Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and Default, at the election of Agent or the Required Lenders),

Appears in 5 contracts

Samples: Credit Agreement (FTS International, Inc.), Loan and Security Agreement (West Marine Inc), Credit Agreement (FTS International, Inc.)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Administrative Agent or the Required Lenders),

Appears in 4 contracts

Samples: Credit Agreement (Anixter International Inc), Credit Agreement (Thryv Holdings, Inc.), Credit Agreement (Anixter International Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 3 contracts

Samples: Loan and Security Agreement (Laidlaw International Inc), Loan and Security Agreement (Vermont Transit Co Inc), Loan and Security Agreement (Midas Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election discretion of Agent or the election of the Required Lenders),

Appears in 3 contracts

Samples: Credit Agreement (Dixie Group Inc), Credit Agreement (Remy International, Inc.), Credit Agreement (Remy International, Inc.)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at upon the election of Agent or the Required Lenders),:

Appears in 3 contracts

Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at after the election of Agent or the Required Lenders),

Appears in 2 contracts

Samples: Credit Agreement (FleetMatics Group PLC), Credit Agreement (FleetMatics Group PLC)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Default, if elected by Agent or the Required Lenders)Lenders during such time,

Appears in 2 contracts

Samples: Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc)

Default Rate. (i) Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 2 contracts

Samples: Credit Agreement (Seventy Seven Energy Inc.), Credit Agreement (Seventy Seven Energy Inc.)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of the Required Lenders (or Agent or at the direction of, with the consent of, the Required Lenders),

Appears in 2 contracts

Samples: Credit Agreement (Colt Finance Corp.), Credit Agreement (Colt Defense LLC)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at upon the election of Agent or the Required Lenders),

Appears in 2 contracts

Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Revolving Credit Lenders),

Appears in 2 contracts

Samples: Loan and Security Agreement (Ultimate Electronics Inc), Loan and Security Agreement (Ultimate Electronics Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of any Agent or the Required Lenders),

Appears in 1 contract

Samples: Loan and Security Agreement (Northland Cranberries Inc /Wi/)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Collateral Agent or the Required Lenders),

Appears in 1 contract

Samples: Loan and Security Agreement (Cutter & Buck Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election discretion of Agent or upon the election of the Required Lenders),:

Appears in 1 contract

Samples: Credit Agreement (TrueBlue, Inc.)

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Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at if the election of Agent or the Required LendersLenders so elect),

Appears in 1 contract

Samples: Loan and Security Agreement (Party City Corp)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of the Administrative Agent or the Required Revolving Lenders),

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of if Agent or the Required LendersLenders so elect),

Appears in 1 contract

Samples: Loan and Security Agreement (Interdent Inc)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the written election of Agent or the Required Lenders),

Appears in 1 contract

Samples: Credit Agreement (Essex Rental Corp.)

Default Rate. Upon At the election of Agent or the Required Lenders, upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),Default:

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Geac Computer Corp LTD)

Default Rate. Upon the occurrence and during the continuation of an Unmatured Default or Event of Default (and at the election of Agent or the Required Lenders),

Appears in 1 contract

Samples: Loan Agreement (Abraxas Petroleum Corp)

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 1 contract

Samples: Credit Agreement (Independence Contract Drilling, Inc.)

Default Rate. (i) Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required Lenders),

Appears in 1 contract

Samples: Credit Agreement

Default Rate. Upon the occurrence and during the continuation of an Event of Default (and at the election of Agent or the Required LendersLenders or, in the case of the Term Loan B Obligations, Ableco),

Appears in 1 contract

Samples: Loan and Security Agreement and Guaranty (Archibald Candy Corp)

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