Interest Rate and Payments. (a) Unless an Event of Default shall have occurred and be continuing, the Loan shall bear interest on the outstanding principal amount thereof until paid in full, at a rate per annum equal to Twelve Percent (12%) (the "Interest Rate").
Appears in 8 contracts
Samples: Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc)
Interest Rate and Payments. (a) Unless an Event of Default shall have has occurred and be is continuing, the Loan shall bear interest on the outstanding principal amount thereof until paid in full, at a rate per annum equal to Twelve Percent (12%) (the "Interest Rate").
Appears in 1 contract
Samples: Credit and Security Agreement (Crescent Operating Inc)
Interest Rate and Payments. (a) Unless an Event of Default shall have occurred and be continuing, the Loan shall bear interest on the outstanding principal amount thereof until paid in full, at a rate per annum equal to Twelve Nine Percent (129%) (the "Interest Rate").
Appears in 1 contract
Samples: Credit and Security Agreement (Crescent Operating Inc)
