Common use of Interest; Expenses Clause in Contracts

Interest; Expenses. (a) If Guarantor fails to pay all or any sums due hereunder within ten (10) days of demand by Lender, the amount of such sums payable by Guarantor to Lender shall bear interest from the date of demand until paid at the Default Rate in effect from time to time.

Appears in 10 contracts

Samples: Lodgian Inc, Lodgian Inc, Lodgian Inc

AutoNDA by SimpleDocs

Interest; Expenses. (a) If Guarantor fails Guarantors fail to pay all or any sums due hereunder within ten (10) days of upon demand by Lender, the amount of such sums payable by Guarantor Guarantors to Lender shall bear interest from the date of demand until paid at the Default Rate in effect from time to time.

Appears in 5 contracts

Samples: Reimbursement Agreement (Behringer Harvard Reit I Inc), Behringer Harvard Reit I Inc, Behringer Harvard Reit I Inc

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.