Post-Maturity Interest. Any principal payments on the Bridge Loan not ---------------------- paid when due and, to the extent permitted by applicable law, any interest payment on the Bridge Loan not paid when due, in each case whether at maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest payable upon demand at a rate which is 2.00% per annum in excess of the rate of interest otherwise payable under this Agreement for the Bridge Loan.
Appears in 2 contracts
Sources: Senior Subordinated Credit Agreement (Advanced Glassfiber Yarus LLC), Senior Subordinated Credit Agreement (BGF Industries Inc)
Post-Maturity Interest. Any principal payments on the Bridge Loan not ---------------------- paid when due and, to the extent permitted by applicable law, any overdue interest payment on the Bridge Loan not paid when dueLoan, in each case whether at stated maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest payable upon demand at a rate which that is 2.00% per annum in excess of the rate of interest otherwise payable under this Agreement for the Bridge Loan.
Appears in 1 contract
Sources: Senior Credit Agreement (Chancellor Radio Broadcasting Co)
Post-Maturity Interest. Any principal payments on the Bridge Loan not ---------------------- paid when due and, to the extent permitted by applicable law, any interest payment on the Bridge Loan not paid when due, in each case whether at stated maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest payable upon demand at a rate which is 2.00% per annum in excess of the rate of interest otherwise payable under this Agreement for the Bridge Loan.
Appears in 1 contract
Sources: Senior Subordinated Credit Agreement (Galey & Lord Inc)