Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Where Food Comes From, Inc.), Business Loan Agreement (Utek Corp), Business Loan Agreement (Vicor Technologies, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumannum based on a year of 360 days. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 4 contracts
Sources: Loan Agreement (Monarch Cement Co), Loan Agreement (Monarch Cement Co), Seventh Amendment to Agreement (Monarch Cement Co)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 4 contracts
Sources: Commercial Security Agreement (Pyramid Breweries Inc), Third Amendment to Agreement (Monarch Cement Co), Fourth Amendment to Agreement (Monarch Cement Co)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note loan shall be increased to 18.000% per annum. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 3 contracts
Sources: Change in Terms Agreement (Icop Digital, Inc), Change in Terms Agreement (GeoPharma, Inc.), Change in Terms Agreement (Icop Digital, Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumby 5.000 percentage points. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Seawright Holdings Inc), Promissory Note (Elecsys Corp)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will if and to the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Promissory Note (Go2pharmacy Com Inc), Promissory Note (Innovative Cos Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.00021.000% per annum. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Share Purchase Agreement (Cogenco International Inc), Share Purchase Agreement (Cogenco International Inc)
Interest After Default. Upon defaultdefault hereunder, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumby 2.000 percentage points. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Loan Agreement (RGC Resources Inc), Loan Agreement (RGC Resources Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.00012.000% per annumannum based on a year of 360 days. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Asset Purchase Agreement (Graymark Healthcare, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annumannum based on a year of 360 days. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumby 3.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Loan Agreement (Badger Meter Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumby 3.000 percentage points. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Commercial Guaranty (Torotel Inc)