Common use of Post-Default Rates Clause in Contracts

Post-Default Rates. After the date any principal amount of any Loan is due and payable (whether on any Maturity Date, upon acceleration or otherwise), for so long as such amount remains due and payable, or after any other monetary Obligation of the Borrower shall have become due and payable, for so long as such amount remains due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to (a) in the case of overdue principal and interest of any Loan, the rate of interest that otherwise would be applicable to such Loan plus 2.00% per annum; (b) in the case of overdue Reimbursement Obligations, the rate of interest that otherwise would be applicable to such Reimbursement Obligation plus 2.00% per annum; and (c) in the case of overdue fees and other monetary Obligations, the Base Rate, plus the Applicable Margin for Term Loans accruing interest at the Base Rate, plus 2.00% per annum.

Post-Default Rates. After the date any principal amount of any Loan is due and payable (whether on any Stated Maturity Date, upon acceleration or otherwise), for so long as such amount remains due and payable, or after any other monetary Obligation of the a Borrower shall have become due and payable, for so long as such amount remains due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to (a) in the case of overdue principal and or overdue interest of on any Loan, the rate of interest that otherwise would be applicable to such Loan plus two percent (2.00% %) per annum; (b) in the case of overdue Reimbursement Obligations, the rate of interest that otherwise would be applicable to such Reimbursement Obligation plus two percent (2.00% %) per annum; and (c) in the case of overdue fees fees, and other monetary ObligationsObligations (other than those covered by clauses (a) and (b) hereof), the Adjusted Base Rate, plus the Applicable Margin for Construction Loans or Term Loans accruing interest at the Adjusted Base Rate, plus two percent (2.00% %) per annum.

Post-Default Rates. After the date any principal amount of any Loan is due and payable (whether on any Maturity Date, upon acceleration or otherwise), for so long as such amount remains due and payable, or after any other monetary Obligation of the Borrower shall have become due and payable, for so long as such amount remains due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to (a) in the case of overdue principal and interest of any Loan, the rate of interest that otherwise would be applicable to such Loan plus 2.00% per annum; (b) in the case of overdue Reimbursement Obligations, the rate of interest that otherwise would be applicable to such Reimbursement Obligation plus 2.00% per annum; and (c) in the case of overdue fees and other monetary Obligations, the Base Rate, plus the Applicable Margin for Term Loans accruing interest at the Base Rate, plus 2.00% per annum.

Post-Default Rates. After the date any principal amount of any Loan is due and payable (whether on any Maturity Date, upon acceleration or otherwise), for so long as such amount remains due and payable, or after any other monetary Obligation of the each Borrower shall have become due and payable, for so long as such amount remains due and payable, the such Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to (a) in the case of overdue principal and interest of any Loan, the rate of interest that otherwise would be applicable to such Loan plus 2.00% per annum; (b) in the case of overdue Reimbursement Obligations, the rate of interest that otherwise would be applicable to such Reimbursement Obligation plus 2.00% per annum; and (c) in the case of overdue fees and other monetary Obligations, the Base Rate, plus the Applicable Margin for Term Loans accruing interest at the Base Rate, plus 2.00% per annum.