Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, the outstanding Obligations shall bear interest at a rate per annum which is five percent (5.0%) above the rate that is otherwise applicable thereto (the “Default Rate”) ”) unless Agent otherwise elects in its sole discretion to impose a smaller increase. Fees and expenses which are required to be paid by Borrower pursuant to the Loan Documents (including, without limitation, Lenders’ Expenses) but are not paid when due shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this [Section 1.2(c)] is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Agent or any Lender.

Section # Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are five percent (5.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in Section 10.1(e) or 10.1(f) above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall accrue interest at a floating per annum rate equal to the rate that is otherwise applicable thereto plus five percentage points (5.00%) (the “Default Rate”). Payment or acceptance of the increased interest rate provided in this [Section 2.3(b)] is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Collateral Agent.

Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall accrue interest at a floating per annum rate equal to the rate that is otherwise applicable thereto plus five percentage points (5.00%) (the “Default Rate”). Payment or acceptance of the increased interest rate provided in this [Section 2.3(b)] is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Collateral Agent.

Section # Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are three percent (3.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in [Section 10.1(e) or 10.1(f)])] above, such default rate shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate. Upon the occurrence and during the continuance of an Event of Default, the Obligations shall, at the option of Bank, bear interest at the applicable Default Rate from the date the Event of Default occurred. Fees and expenses which are required to be paid by Borrowers pursuant to the Loan Documents (including, without limitation, Bank Expenses) but are not paid when due shall, at the option of Bank, bear interest until paid at a rate equal to the highest rate applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this Section 2.5(b) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Bank.

Section # Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are three percent (3.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in [Section 10.1(e) or 10.1(f)] above, such default rate shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.

Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall accrue interest at a floating per annum rate equal to the rate that is otherwise applicable thereto plus ​ (the “Default Rate”). Payment or acceptance of the increased interest rate provided in this [Section 2.3(b)] is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Collateral Agent.

Default Rate. In the event Borrower fails to pay any of the Obligations when due or upon the commencement and during the continuance of an Insolvency Proceeding of the Borrower (or, at the election of the Lender, upon the occurrence and during the continuance of any other Event of Default), immediately (and without notice to Borrower or demand by the Collateral Agent or any Lender for payment thereof), such Obligations shall bear interest at a rate per annum which is ​ above the rate that is otherwise applicable thereto (the “Default Rate”), and, with respect to past due Obligations, if any, such interest shall be payable entirely in cash on demand of the Collateral Agent or any Lender. Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Collateral Agent or any Lender.

Section # Default Rate of Interest. At the election of Agent or Required Lenders, after the occurrence of an Event of Default (other than any Event of Default resulting solely from the failure of the Credit Parties to comply with the financial covenants set forth in [Sections 6.4 and 6.7]7] of this Agreement for any period of determination through and including September 30, 2021), and for so long as it continues, # the Loans and other Obligations shall bear interest at rates that are three percent (3.0%) per annum in excess of the rates otherwise payable under this Agreement and # the fee described in [Section 2.5(b)] shall increase by a rate that is three percent (3.0%) in excess of the rate otherwise payable under such Section; provided, however, that in the case of any Event of Default specified in [Section 10.1(e) or 10.1(f)])] above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender. For the avoidance of doubt # the imposition of interest accruing at the default rate and the increase of the fee as set forth above, and # the exception to the imposition of interest accruing at the default rate and the increase of the fee as set forth above in the case of an Event of Default arising as a result of noncompliance with any financial covenant set forth in [Sections 6.4 and 6.7]7] hereof for any period through and including September 30, 2021, is not intended to, nor shall it be construed, as limiting any rights or remedies of the Agent or any Lender in respect of the occurrence of any Event of Default, including, without limitation any rights or remedies set forth in [Article 10] hereof, or the rights and remedies set forth in any other Financing Document, and the rights and remedies under applicable Laws.

. At the election of Agent or Required Lenders, after the occurrence of an Event of Default and for so long as it continues, the Loans and other Obligations shall bear interest at rates that are three percent (3.0%) per annum in excess of the rates otherwise payable under this Agreement; provided, however, that in the case of any Event of Default specified in [Section 10.1(e) or 10.1(f)] above, such default rates shall apply immediately and automatically without the need for any election or action of any kind on the part of Agent or any Lender.