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 4.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 5 contracts
Samples: 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 4.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate permitted by applicable law.
Appears in 5 contracts
Samples: Aircraft Security Agreement (Skyway Communications Holding Corp), Business Loan Agreement (Coast Financial Holdings Inc), 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 4.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 4 contracts
Samples: Change in Terms Agreement (Medicalcv Inc), Change in Terms Agreement (Eacceleration Corp), 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 4.000 6.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 4 contracts
Samples: Loan Documents (Transcend Services Inc), Business 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 4.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Samples: Seventh Amendment Agreement (Pinnacle Data Systems Inc), Commercial Security Agreement (Ohio Art Co), Eighth Amendment Agreement (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 to 4.000 3.500 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Samples: 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 Agreement to 4.000 2.500 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 3 contracts
Samples: Change in Terms Agreement (Visionics Corp), 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 Agreement to 4.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Change in Terms Agreement (Computer Software Innovations Inc), Terms 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 4.000 five percentage points (5%) over the Index. The interest rate 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
Samples: Loan Documents (Frederick County Bancorp Inc), Note and Security Agreement (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 Agreement to 4.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Change in Terms Agreement (Phone1globalwide Inc), Change in Terms 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 to 4.000 8.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Promissory Note (Ourpets Co), Citi Trends 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 4.000 percentage points over the Index21.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: 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 4.000 7.500 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Business Loan Agreement (Portland Brewing Co /Or/), Extension Agreement (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 4.000 5.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge 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 this Note to 4.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate permitted by applicable law.
Appears in 2 contracts
Samples: Promissory Note (Go2pharmacy Com Inc), Promissory Note (Innovative Cos 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 4.000 2.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 this Note to 4.000 5.500 percentage points over the Indexindex. The interest rate 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 4.000 3.000 percentage points over the Index. The interest rate 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 4.000 percentage points over the Index18.000% per annum. The interest rate 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 4.000 3.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Seventh Amendment Agreement (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 to 4.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 7.250 percentage points over the Index. The , if and to the extent that the increase does not cause the interest rate will not to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Integrated Biopharma 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 4.000 5.000 percentage points over the Index. The interest rate 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 4.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate permitted by applicable law. If 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 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 4.000 percentage points over the IndexPrime Rate. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Softech 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 4.000 percentage points over the Indexpoints. The interest rate 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 4.000 5.500 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 to 4.000 7.000 percentage points over the Index. The interest rate 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
Samples: World Health Alternatives Inc
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 4.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 percentage points over the Index18.000% per annum. The interest rate 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 4.000 percentage points over the Index15.000% per annum. The interest rate 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 an this Note to 4.000 percentage points over the Index18.000% per annum. The interest rate 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 4.000 3.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 percentage points over the Index24.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Meritage Hospitality 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 6.000 percentage points, if and to 4.000 percentage points over the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 6.000 percentage points over the Index. The interest rate 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 4.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 to 4.000 2.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Champion Industries 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 4.000 percentage points over the Index26.000% per annum. The interest rate 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
Samples: Pledge Agreement (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 4.000 percentage points over 18.000% per annum based on a year of 360 days. However, in no event will the Index. The interest rate will not exceed the maximum interest rate permitted by limitations under applicable law.
Appears in 1 contract
Samples: 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 to 4.000 Agreement 5.000 percentage points over the Indexto 18.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 5.500 percentage points over the Index. The interest rate 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 4.000 percentage points over the Index21.000% per annum. The interest rate 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 4.000 percentage points over the Index. The interest rate will not 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 Agreement to 4.000 3.000 percentage points over the Indexpoints. The interest rate 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 an this Note to 4.000 percentage points over the Index18.000%per annum. The interest rate 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 4.000 4.750 percentage points over the Index. The interest rate 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 4.000 3.500 percentage points over the Index. The interest rate 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 4.000 3.000 percentage points over the Index. The interest rate 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, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 4.000 3.000 percentage points over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Arts Way Manufacturing Co Inc
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 4.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 4,000 percentage points over the Index. The interest rate 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 4.000 2.000 percentage points over the Indexindex. The interest rate 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 et its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 4.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: 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 4.000 Agreement 2.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Samples: Change in Terms Agreement (ProUroCare Medical Inc.)
