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 to 18.000% per annum, if and to the extent that the increase does not cause the interest rate to exceed the maximum rate permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Coast Financial Holdings Inc), Loan Agreement (Skyway Communications Holding Corp), Business Loan Agreement (Coast Financial Holdings 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 to 18.000% per annum, if and to 6.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement and Promissory Note, Loan Agreement (Transcend Services Inc), Business Loan Agreement (Transcend Services 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 to 18.000% per annum, if and to 4.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Champion Industries Inc), Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience 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 to 18.000% per annum, if and to the extent that the increase does not cause the Agreement 5.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 4 contracts
Sources: Change in Terms Agreement (Medicalcv Inc), Change in Terms Agreement (Eacceleration Corp), Change in Terms Agreement (Eacceleration 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 variable interest rate on this Note to 18.000% per annum, if and to the extent that the increase does not cause the 3.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Sources: Business Loan Agreement (Amendment) (Pinnacle Data Systems Inc), Commercial Security Agreement (Ohio Art Co), Business Loan Agreement (Amendment) (Pinnacle Data Systems 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 Agreement to 18.000% per annum, if and to 2.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Sources: Change in Terms Agreement (Visionics Corp), Change in Terms Agreement (Visionics Corp), Change in Terms Agreement (Digital Biometrics 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 to 18.000% per annum, if and to 3.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Sources: Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience 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 to 18.000% per annum, if and to 7.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Portland Brewing Co /Or/), Promissory Note (Tower Tech Holdings 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 to 18.000% per annum, if and to five percentage points (5%) over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law. If judgment is entered in connection with this Note, interest will continue to accrue on this Note after judgment at the interest rate applicable to this Note at the time judgment is entered.
Appears in 2 contracts
Sources: Amendment to Loan Documents (Frederick County Bancorp Inc), Revolving Line of Credit Promissory Note and Security Agreement (Unsecured) (Frederick County Bancorp 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 to 18.000% per annum, if and to 8.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Promissory Note (Citi Trends Inc), Promissory Note (Ourpets 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 Agreement to 18.000% per annum, if and to the extent that the increase does not cause the interest rate to exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Phone1globalwide Inc), Loan Agreement (Vertical Health Solutions 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 Agreement to 18.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Computer Software Innovations Inc), Business Loan Agreement (Coeur D Alenes Co /Ia/)
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 to 18.00021.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Flotek Industries Inc/Cn/), Change in Terms Agreement (Flotek Industries Inc/Cn/)
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 to 18.000% per annum, if and to 5.000 percentage points over the extent that the increase does not cause the index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.), Business Loan Agreement (Advanced Life Sciences Holdings, 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 an this Note to 18.000% per 18.000%per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.00024.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 Agreement to 18.000% per annum, if and to 3.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to the extent that the increase does not cause the interest rate to exceed twenty-one percent (21%) or the maximum rate permitted by applicable law, whichever is less.
Appears in 1 contract
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 to 18.000% per annum, if and to the extent that the increase does not cause the 3.000 percentage points. The interest rate to will not exceed the maximum rate 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 variable interest rate on this Note Agreement to 18.000% per annum, if and to 4.000 percentage points over the extent that the increase does not cause the index. The interest rate to will not exceed the maximum rate permitted by applicable law. If a judgment is entered in connection with this Agreement, interest will continue to accrue on this Agreement after judgment at the interest rate applicable to this Agreement at the time judgment is entered.
Appears in 1 contract
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 to 18.000% per annum, if and to 2.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 Agreement 5.000 percentage points to 18.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 4.750 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, default including failure to pay upon final maturity, . Lender, at its option, mayany, if permitted under applicable law, increase increases the variable interest rate on this Note to 18.000% per annum, if and to 3.000 percentage points over the extent that the increase does not cause the index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Business Loan Agreement (Amendment) (Pinnacle Data Systems 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 Agreement to 18.000% per annum, if and to the extent that the increase does not cause the 3.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum7.250 percentage points over the Index, if and to the extent that the increase does not cause the interest rate to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 7.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law. If judgment is entered in connection with this Note, interest will continue to accrue on this Note after judgment at the interest rate applicable to this Note at the time judgment is entered.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, law increase the variable interest rate on this Note to 18.000% per annum, if and to the extent that the increase does not cause the Agreement 5.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Rocky Mountain Chocolate Factory 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 to 18.000% per annum, if and to the extent that the increase does not cause the 2.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to the extent that the increase does not cause the 4.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 4,000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 2.000 percentage points over the extent that the increase does not cause the index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 3.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Commercial Guaranty (Arts Way Manufacturing Co 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 to 18.000% per annum, if and to 3.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (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 variable interest rate on this Note to 18.000% per annum, if and to 3.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law. DEFAULT Each of the following shall constitute an event of default (“Event of Default”) under this Note: Payment Default. Borrower fails to make any payment when due under this Note.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, Lender at its option, may, if permitted under applicable law, increase the variable interest rate on this Note Agreement to 18.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Portfolio Recovery Associates 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 to 18.000% per annum, if and to the extent that the increase does not cause the Agreement 2.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (ProUroCare Medical 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 an this Note to 18.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to the extent that the increase does not cause the Agreement 5.000 percentage points. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Rocky Mountain Chocolate Factory 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 to 18.000% per annum, if and to 5.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.00015.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum6.000 percentage points, if and to the extent that the increase does not cause the interest rate to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (Procyon 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 variable interest rate on this Note Agreement to 18.000% per annum, if and to 5.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Century Casinos Inc /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 Agreement to 18.000% per annum, if and to 3.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 Agreement to 18.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon and during any period of 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 to 18.000% per annum, if and to 4.000 percentage points over the extent that the increase does not cause the Prime Rate. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (Softech Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, . Lender, at et its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 18.000% per annum, if and to the extent that the increase does 3.000 percentage points. The interest will not cause the interest rate to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Sources: Business Loan Agreement
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 to 18.000% per annum, if and to 5.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 6.500 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.. If judgment is entered in connection with this Note, interest will continue to accrue on this Note after judgment at the interest rate applicable to this Note at the time judgment is entered. ================================================================================
Appears in 1 contract
Sources: Promissory Note (Integra 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 Agreement to 18.000% per annum, if and to 6.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 18.000% per annum, if and to 5.000 percentage points over the extent that the increase does not cause the Index. The interest rate to will not exceed the maximum rate permitted by applicable law. If judgment is entered in connection with this Note, interest will continue to accrue on this Note after judgment at the interest rate applicable to this Note at the time judgment is entered.
Appears in 1 contract
Sources: Promissory Note (Bay National 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 variable interest rate on this Note to 18.00026.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law. DEFAULT. I will be in default under this Note if any of the following happen: Payment Default. I fail to make any payment when due under this Note.
Appears in 1 contract
Sources: Promissory Note (Wilshire Financial Services Group 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 to 18.000% per annum, if and to 5.500 percentage points over the extent that the increase does not cause the index. The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 Agreement to 18.00021.000% per annum, if and to the extent that the increase does not cause the . The interest rate to will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract