Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents until such amount shall be paid in full (after as well as before judgment).
Appears in 5 contracts
Samples: Credit Agreement (Seacastle Inc.), Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (TAL International Group, Inc.)
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 3 contracts
Samples: Revolving Credit Agreement (National Auto Finance Co Inc), Revolving Credit and Term Loan Agreement (Dynatech Corp), Credit and Term Loan Agreement (Flextronics International LTD)
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Revolving Credit Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 3 contracts
Samples: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD)
Interest After Default. Overdue Upon the occurrence and during the continuation of an Event of Default, overdue principal of all Loans and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents until such amount shall be paid in full (after as well as before judgment).
Appears in 2 contracts
Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)
Interest After Default. 5.11.1. OVERDUE AMOUNTS. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Revolving Credit Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or then applicable thereto (or, if no rate of interest is then applicable thereto, the other Loan Documents Base Rate) until such amount shall be paid in full (after as well as before judgment).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Keane Inc), Revolving Credit Agreement (Peregrine Systems Inc)
Interest After Default. 5.11.1. OVERDUE AMOUNTS. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or then applicable thereto (or, if no rate of interest is then applicable thereto, the other Loan Documents Base Rate) until such amount shall be paid in full (after as well as before judgment).
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc)
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Revolving Credit Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Prime Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Bridgestreet Accommodations Inc), Revolving Credit Agreement (Provant Inc)
Interest After Default. 5.10.1. OVERDUE AMOUNTS. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Samples: Revolving Credit Agreement (Hadco Acquisition Corp)
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Loan Agreement or the other Loan Documents until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two four percent (24%) above the then applicable rate of interest under this Credit Agreement Base Rate or the other Loan Documents LIBOR Rate, until such amount shall be paid in full (after as well as before judgment), provided that, in no event shall the -------- ---- interest payable in respect hereof exceed the Highest Lawful Rate.
Appears in 1 contract
Samples: Loan Agreement (Omnipoint Corp \De\)
Interest After Default. 6.11.1. OVERDUE AMOUNTS. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two three percent (23%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (22.0%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents otherwise applicable to such Loans pursuant to Section 2.5 until such amount shall be paid in full (after as well as before judgment).) 34 -28-
Appears in 1 contract
Samples: Revolving Credit Agreement (Cabot Microelectronics Corp)
Interest After Default. (a) Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Interest After Default. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) above the interest rate then otherwise applicable rate of interest under this Credit Agreement or the other Loan Documents to such Loans hereunder until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Interest After Default. SS.4.12.1. OVERDUE AMOUNTS. Overdue principal and (to the extent permitted by applicable law) overdue interest on the Revolving Credit Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two percent (2%) % above the then applicable rate of interest under this Credit Agreement or the other Loan Documents otherwise applicable to Base Rate Loans until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
Samples: Revolving Credit Agreement (Freedom Securiteis Corp /De/)
Interest After Default. (a) Overdue principal and (to the extent permitted by applicable law) overdue interest on the Loans and all other overdue amounts payable hereunder or under any of the other Loan Documents shall bear interest compounded monthly and payable on demand at a rate per annum equal to two four percent (24%) above the then applicable rate of interest under this Credit Agreement or the other Loan Documents Base Rate until such amount shall be paid in full (after as well as before judgment).
Appears in 1 contract
