Interest Default Rate. During the continuance of a Default, at the option of Access and to the extent not otherwise prohibited by the terms of the Sun Intercreditor Agreement, interest shall accrue on the Indebtedness at a rate per annum equal to 2% above the interest rate otherwise applicable thereto.
Appears in 3 contracts
Sources: Refinancing Agreement (Consonus Technologies, Inc.), Refinancing Agreement (Consonus Technologies, Inc.), Refinancing Agreement (Consonus Technologies, Inc.)