Common use of Default Interest Rate Clause in Contracts

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to the highest percentage allowed by law.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty ten (2010) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.76.7) automatically be increased to the highest percentage allowed by lawfifteen percent (15%).

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to the highest percentage allowed by lawfifteen percent (15%).

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.76.7) automatically be increased to fifteen percent (15%), and all outstanding obligations under this Note, including unpaid interest, shall continue to accrue interest from the highest percentage allowed by lawdate of such Event of Default at such interest rate applicable to such obligations until such Event of Default is cured or waived.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to the highest percentage allowed by law.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty ten (2010) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.74.7) automatically be increased to the highest percentage allowed by lawfifteen percent (15%) and calculated on a 365 day year.

Default Interest Rate. Following the occurrence and during the continuance of an Event of DefaultDefault (as defined in Article IV), which, if susceptible to cure is not cured within twenty five (205) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.74.7) automatically be increased to the highest percentage allowed by lawfifteen percent (15%). Such interest shall be due and payable together with regular scheduled Monthly Amounts.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty five (205) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.76.7) automatically be increased to the highest percentage allowed by lawfifteen percent (15%).

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, which if susceptible to cure is not cured within twenty ten (2010) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note note shall (subject to Section 5.7) automatically be increased to (15%) for the highest percentage allowed by lawuncured period or upon satisfaction of the outstanding balance.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to the highest percentage allowed by lawten percent (10%) per annum.

Default Interest Rate. Following the occurrence and during the continuance of an Event of DefaultDefault (as defined in Article IV), which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to fifteen percent (15%). Such interest shall be due and payable on the highest percentage allowed by lawMaturity Date, accelerated or otherwise.

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty (20) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.7) automatically be increased to the highest percentage allowed by laweighteen percent (18%).

Default Interest Rate. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within twenty ten (2010) days, otherwise then from the first date of such occurrence, the annual interest rate on this Note shall (subject to Section 5.73.7) automatically be increased to the highest percentage allowed by lawtwenty-four percent (24%) and calculated on a 365 day year.