Common use of Effect of Defaults, Etc Clause in Contracts

Effect of Defaults, Etc. (i) During the existence of any Event of Default, the outstanding principal balance under the Notes and, to the extent permitted by applicable law, overdue interest, PIK Interest, fees, expenses or other amounts payable hereunder or under the other Loan Documents, shall bear interest, from and including the date such Event of Default occurred until such Event of Default is cured or waived in writing as provided herein, at a rate per annum (the “Default Rate”) (computed on the basis of the actual number of days elapsed over a 360-day year) equal to two percent (2.00%) above the interest rate(s) otherwise applicable hereunder; and the Letter of Credit fee provided for herein shall be increased by two percent (2.00%) above the per annum rate otherwise applicable hereunder.

Effect of Defaults, Etc. (i) During the existence of any Event of Default, the outstanding principal balance under the Notes Loans and, to the extent permitted by applicable law, overdue interest, PIK Interest, fees, expenses or other amounts payable hereunder or under the other Loan Documents, shall bear interest, from and including the date such Event of Default occurred until such Event of Default is cured or waived in writing as provided herein, at a rate per annum (the “"Default Rate”") (computed on the basis of the actual number of days elapsed over a 360-day year) equal to two percent (2.00%) above the interest rate(s) otherwise applicable hereunder; and the Letter of Credit fee provided for herein shall be increased by two percent (2.00%) above the per annum rate otherwise applicable hereunder.

Effect of Defaults, Etc. (i) During the existence of any Default or Event of Default, the outstanding principal balance under the Notes Loans and, to the extent permitted by applicable law, overdue interest, PIK Interest, fees, expenses or other amounts payable hereunder or under the other Loan Documents, shall bear interest, from and including the date such Event of Default occurred until such Event of Default is cured or waived waiver in writing as provided herein, at a rate per annum (the “"Default Rate”") (computed on the basis of the actual number of days elapsed over a 360-day year) equal to two three percent (2.003.00%) above the interest rate(s) otherwise applicable hereunder; and the Letter of Credit fee provided for herein shall be increased by two three percent (2.003.00%) above the per annum rate otherwise applicable hereunder.