Common use of Rates Applicable After Default Clause in Contracts

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion may be made as, converted into or continued as a Eurodollar Portion. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that the outstanding principal balance of the Loans (whether theretofore consisting of one or more Eurodollar Portions or Floating Rate Portions) shall thereafter bear interest at a rate per annum equal to the Alternative Base Rate in effect from time to time, plus 5%, provided that, during the continuance of a Default under Section 7.4 or 7.5, the default interest rate set forth herein shall be applicable to the Loan without any election or action on the part of Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their its option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest ratesLenders), declare that no Portion portion of the Loan to Borrower may be made as, converted into or continued as a Eurodollar PortionLoan. During the continuance of a Default Default, the Required Lenders may, at their its option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders Lender notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders Lender and all Purchasers to changes in interest rates), declare that (i) the outstanding principal balance Loan (or any portion thereof), if bearing interest at the Eurodollar Rate, shall bear interest for the remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one ii) the Loan (or more Eurodollar Portions or any portion thereof), if bearing interest at the Floating Rate Portions) Rate, shall thereafter bear interest at a rate per annum equal to the Alternative Alternate Base Rate in effect from time to time, time plus 5%2% per annum, provided that, that during the continuance of a Default under Section 7.4 7.6 or 7.57.7 with respect to Borrower, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Outstanding Loan to Borrower without any election or action on the part of Agent or any the Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Loan may be made as, converted into or continued as a Eurodollar PortionLoan. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Loan shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Loan shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to timetime plus 2% per annum, plus 5%and (iii) the LC Fee shall be increased by 2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to the Loan all Credit Extensions without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.72.10, 2.8 2.11 or 2.92.12, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Swingline Loan and each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 2.11 or 2.92.12, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that the outstanding principal balance of the Loans (whether theretofore consisting of one or more Eurodollar Portions or Floating Rate Portionsi) each Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, plus 5%based on Level IV Status (as determined in accordance with the Pricing Schedule) per annum and (ii) the LC Fee shall be increased by 2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clause (i) above and the increase in the LC Fee set forth in clause (ii) above shall be applicable to the Loan all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans (whether theretofore consisting of one or more Eurodollar Portions or applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%, 2% per annum and the Letter of Credit Fee Rate shall be increased by 2% per annum; provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above and the increase in the Letter of Credit Fee Rate set forth in clause (iii) above shall be applicable to the Loan all applicable Credit Extensions without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower the Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionEurocurrency Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurocurrency Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 2.10 or 2.92.11, during the continuance of a Default or Unmatured Default Default, the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Loans to Borrower may be made as, converted into or continued as a Eurodollar PortionLoan. During the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) each Eurodollar Loan shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or b) each Floating Rate Portions) Loan shall thereafter bear interest at a rate per annum equal to the Alternative Alternate Base Rate in effect from time to time, time plus 5%2% per annum, provided that, that during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (a) and (b) above shall be applicable to the Loan all outstanding Loans to Borrower without any election or action on the part of Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.72.10, 2.8 2.11 or 2.92.12, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 9.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued beyond its current term as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 9.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or Floating ii) each Base Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Rate in effect from time to time, plus 5%, provided that, during the continuance of a Default under Section 7.4 or 7.5, the default interest rate set forth herein shall be otherwise applicable to the Loan Base Rate Advance plus 2% per annum; provided that such rates shall become applicable automatically without any notice to the Borrower or an election or action on by the part of Administrative Agent or any LenderLender if a Default occurs under Section 8.7 or Section 8.8, or a Default occurs relating to the payment of principal or interest unless waived by the Required Lenders.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.72.9, 2.8 2.10 or 2.92.11, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 3% per annum, (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%3% per annum and (iii) the LC Fee shall be increased by 3% per annum, provided that, during the continuance of a Default under Section 7.4 7.1 (f) or 7.5(g), the default interest rate rates set forth herein in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to the Loan all Credit Extensions without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.72.2.3, 2.8 Section 2.2.4 or 2.92.8, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower the Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus four percent (whether theretofore consisting of one or more Eurodollar Portions or 4%) per annum, and (ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time otherwise applicable to time, the Floating Rate Advance plus 5four percent (4%) per annum, provided that, during the continuance of a Default under Section 7.4 7.5 or 7.57.6, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.72.9, 2.8 2.10 or 2.92.11, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionEurocurrency Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurocurrency Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, (whether theretofore consisting of one or more Eurodollar Portions or Floating Rate Portionsii) each ABR Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Rate ABR in effect from time to time, time plus 5%2% per annum and the LC Fee shall be increased by 2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to the Loan all Credit Extensions without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the ------------------------------ contrary contained in Section 2.7, 2.8 2.9 or 2.92.10, during the continuance of a Default or Unmatured ----------- ---- Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of ----------- the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionLIBOR Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous ----------- consent of the Lenders to changes in interest rates), declare that the outstanding principal balance of the Loans (whether theretofore consisting of one or more Eurodollar Portions or Floating Rate Portions) each Loan shall thereafter bear interest at a higher rate which is two percentage points (2.00%) per annum equal to above the Alternative Base Interest Rate then in effect from time to timehereunder; provided, plus 5%, provided that, that -------- during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest higher rate ----------- --- set forth herein above shall be applicable to the Loan all Loans without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion may be made as, converted into or continued as a Eurodollar Portion. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 9.1 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the outstanding principal balance continuance of a Default the Administrative Agent or the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Loans Required Lenders notwithstanding any provision of Section 9.1 requiring unanimous consent of the Lenders to changes in interest rates), declare that (whether theretofore consisting i) each Eurodollar Advance shall bear interest for the remainder of one or more Eurodollar Portions or the applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%, 2% per annum; provided that, during the continuance of a Default under Section 7.4 or 7.57.3, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion may be made as, converted into or continued as a Eurodollar Portion. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that the outstanding principal balance of the Loans (whether theretofore consisting of one or more Eurodollar Portions or Floating Rate Portions) shall thereafter bear interest at a rate per annum equal to the Alternative Base Rate in effect from time to time, plus 56%, provided PROVIDED that, during the continuance of a Default under Section 7.4 or 7.5, the default interest rate set forth herein shall be applicable to the Loan without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 9.2 requiring unanimous consent of the Lenders to changes reductions in interest rates), declare that no Portion Revolving Credit Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 9.2 requiring unanimous consent of the Lenders to changes reductions in interest rates), declare that (a) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or Floating b) each Alternate Base Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Alternate Base Rate in effect from time to time, time plus 5%2% per annum, provided that, during the continuance of a Default under Section 7.4 8.6 or 7.58.7, the default interest rate rates set forth herein in clauses (a) and (b) above shall be applicable to the Loan all Revolving Credit Advances without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default Default, the Required Lenders may, at their option, by notice to Borrower the Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrower Borrowers (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each overdue Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, and (whether theretofore consisting of one or more Eurodollar Portions or ii) each overdue Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to timetime plus 2% per annum; provided, plus 5%however, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Administrative Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), ) declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to timetime plus 2% per annum, plus 5%, provided PROVIDED that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 2.7 or 2.92.8, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Eurodollar Interest Period at the rate otherwise applicable to such Eurodollar Interest Period plus 2% per annum and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Eurodollar Interest Period at the rate otherwise applicable to such Eurodollar Interest Period plus 3% per annum and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to timetime plus 3% per annum, plus 5%, provided PROVIDED that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Advances without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Portion Advance may be made as, converted into or continued as a Eurodollar PortionAdvance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in Table of Contents interest rates), declare that (i) each Eurodollar Advance shall bear interest for the outstanding principal balance remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, and (whether theretofore consisting of one or more Eurodollar Portions or ii) each Floating Rate Portions) Advance shall thereafter bear interest at a rate per annum equal to the Alternative Base Floating Rate in effect from time to time, time plus 5%2% per annum, provided that, during the continuance of a Default under Section 7.4 7.6 or 7.57.7, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Loan all Credit Extensions without any election or action on the part of the Agent or any Lender.

Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.7, 2.8 or 2.9, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the all Lenders to changes in the interest rates), declare that no Portion portion of the Loan to Borrower may be made as, converted into or continued as a Eurodollar PortionLoan. During the continuance of a Default Default, the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the all Lenders to changes in interest rates), declare that (i) the outstanding principal balance Loan (or any portion thereof), if bearing interest at the Eurodollar Rate, shall bear interest for the remainder of the Loans applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum and (whether theretofore consisting of one ii) the Loan (or more Eurodollar Portions or any portion thereof), if bearing interest at the Floating Rate Portions) Rate, shall thereafter bear interest at a rate per annum equal to the Alternative Alternate Base Rate in effect from time to time, time plus 5%2% per annum, provided that, that during the continuance of a Default under Section 7.4 7.6 or 7.57.7 with respect to Borrower, the default interest rate rates set forth herein in clauses (i) and (ii) above shall be applicable to the Outstanding Loan to Borrower without any election or action on the part of Agent or any the Lender.