Overdue Rate. On any date, a rate equal to the Base Rate plus 2% per annum, but in no event greater than the maximum rate then permitted under applicable law.
Appears in 4 contracts
Sources: Lease Agreement (Eagle Hospitality Properties Trust, Inc.), Lease Agreement (Highland Hospitality Corp), Lease Agreement (Highland Hospitality Corp)
Overdue Rate. On any date, a rate equal to the Base Rate plus 25% per annum, but in no event greater than the maximum rate then permitted under applicable law.
Appears in 1 contract