Definition of Post-Default Rate

  1. Post-Default Rate means a rate of interest per annum equal to the rate of interest otherwise in effect from time to time pursuant to the terms of this Agreement plus 2.00%, or, if a rate of interest is not otherwise in effect, interest at the highest rate specified herein for any Loan then outstanding prior to an Event of Default plus 2.00%.
  2. Post-Default Rate means Fifteen Percent (15%) per annum.

Definition of Post-Default Rate in Credit Agreement

Post-Default Rate means, in respect of any principal of any Loan or any other Obligation, a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time plus the Applicable Margin.


Definition of Post-Default Rate in Amended and Restated Credit Agreement

Post-Default Rate means the post-default rate per annum set forth in Section 3.02(c) of the Credit Agreement applicable to past due payments, but in no event to exceed the Highest Lawful Rate.


Definition of Post-Default Rate in Master Repurchase Agreement

Post-Default Rate means a rate of interest per annum equal to the rate of interest otherwise in effect from time to time pursuant to the terms of this Agreement plus 2.00%, or, if a rate of interest is not otherwise in effect, interest at the highest rate specified herein for any Loan then outstanding prior to an Event of Default plus 2.00%.