Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(A) or (D), as applicable, as if such Secured Obligation were a Prime Rate Loan.
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Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Tultex Corp
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(A) or (DC), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Samples: Loan and Security Agreement (Heafner Tire Group Inc), Loan and Security Agreement (American Tire Distributors Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable (other than the Loans, Loans in accordance with SECTIONS 4.1(ASECTION 5.1(A), (B) or (DC), as applicable), on demand, as if such Secured Obligation were a Prime Base Rate Revolving Credit Loan. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrowers and shall, to the extent permitted by Applicable Law, bear interest in accordance with this SECTION 5.1(C).
Appears in 2 contracts
Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(A4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 4.1(a) or (Df), as applicable, as if such Secured Obligation were a Prime Rate Revolving Loan.
Appears in 1 contract
Samples: Safety Components International Inc
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (American Aircarriers Support Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable other than the Loans, Loans in accordance with SECTIONS 4.1(ASections 4.1(a) or (Dc), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASection 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Base Rate Loan.
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Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable LawLaws, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 5.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, payable (other than the Loans, Loans in accordance with SECTIONS 4.1(A5.1(A), (B) or (D), as applicable), on demand, as if such Secured Obligation were a Prime Base Rate Revolving Credit Loan. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrowers and shall, to the extent permitted by Applicable Law, bear interest in accordance with this SECTION 5.1(C).
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Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASection 4.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Loan.
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Other Secured Obligations. The Borrowers Borrower will, to the extent permitted by Applicable LawLaws, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(ASections 5.1(a) or (Dd), as applicable, as if such Secured Obligation were a Prime Rate Revolving Credit Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)