Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).
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%.
Post-Default Rate means, in respect of any principal of any Class of Loans, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans for such Class of Loans plus two (2.0%), or in respect of any other Obligation, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans that are Revolving Loans plus two percent (2.0%).
Examples of Post-Default Rate in a sentence
Interest payable at the Post-Default Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
The Borrower shall pay interest on all Obligations that are not paid when due for the period from the Due Date thereof until the date the same is paid in full at the Post-Default Rate.
More Definitions of Post-Default Rate
Post-Default Rate means a rate per annum equal to the rate of interest otherwise in effect pursuant to this Agreement plus 2.0% per annum.
Post-Default Rate means, in respect of any principal of any Loan or any other amount under this Loan Agreement, the Note or any other Loan Document that is not paid when due to the Lender (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum during the period from and including the due date to but excluding the date on which such amount is paid in full equal to 2% per annum plus the Prime Rate.
Post-Default Rate has the meaning assigned to such term in the Pricing Side Letter.
Post-Default Rate shall have the meaning set forth in the Pricing Side Letter.
Post-Default Rate means, (a) in respect of any principal of any Loan or any Reimbursement Obligation, the rate otherwise applicable plus an additional two percent (2.0%) per annum, and (b) with respect to any other Obligation, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus two percent (2.0%).
Post-Default Rate means a rate per annum equal to 2% plus the Applicable Margin plus the Base Rate as in effect from time to time.
Post-Default Rate has the meaning assigned to such term in Section 2.5(c).