Default Rate Interest. Upon the earlier to occur of a Late --------------------- Payment or an Event of Default, if any, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.
Appears in 4 contracts
Samples: Loan Agreement (G&l Realty Corp), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)
Default Rate Interest. Upon the earlier to occur of a Late --------------------- Payment or an Event of Default, if any, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default RateRate for so long as such Late Payment or Event of Default remains uncured.
Appears in 3 contracts
Samples: Loan Agreement (Alternative Living Services Inc), Loan Agreement (Alternative Living Services Inc), Loan Agreement and Reaffirmation Agreement (Alterra Healthcare Corp)
Default Rate Interest. Upon the earlier to occur of a Late --------------------- Payment or an Event of Default, if any, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.
Appears in 1 contract
Default Rate Interest. Upon the earlier to occur of a Late --------------------- Payment or an Event of Default, if any, the entire unpaid amount outstanding hereunder and under the Mezzanine Note will bear interest at the Default Rate.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Brookdale Living Communities Inc)
Default Rate Interest. Upon the earlier to occur and during the continuance of a Late --------------------- Payment or an Event of Default, if any, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.
Appears in 1 contract
