All US Loans Clause Samples
The "All US Loans" clause defines the scope of a contract or agreement to include all loans that are governed by United States law or are issued within the United States. In practice, this clause ensures that any references to loans within the document automatically apply to every loan that falls under US jurisdiction, regardless of the specific lender, borrower, or terms involved. By doing so, it provides comprehensive coverage and eliminates ambiguity about which loans are subject to the agreement, ensuring clarity and consistency in the application of the contract's terms.
All US Loans. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, all US Loans shall bear interest on each day outstanding at the applicable Default Rate. Past due payments of principal and interest shall bear interest at the rates and in the manner set forth in the US Notes.
All US Loans. All past due principal of and past due interest on the US Loans shall bear interest on each day outstanding at the applicable Default Rate in effect on such day, and such interest shall be due and payable daily as it accrues.