Common use of Overdue Rate Clause in Contracts

Overdue Rate. Borrower shall pay to each Lender interest on any part of the principal amount of such Lender's Loans and interest thereon, if any, Loan Availability Fees and any other amount payable by Borrower hereunder or under the Participation Agreement which shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) on demand for the period commencing on the due date thereof until the same is paid in full at the Overdue Rate.