Past Due Interest. If either Party fails to pay any payment or other sum when due, such Party shall also pay to the other Party interest thereon from the due date thereof to the date of payment at a rate equal to the lesser of (a) the Prime Rate plus 2% or (b) the maximum rate permitted by applicable law.
Past Due Interest. Overdue payments of principal of any Class of Loan (and to the extent permitted by applicable law, overdue payments of interest and other amounts overdue under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand, for any period during which the same shall be overdue.
Past Due Interest. The Borrower shall pay interest on all Obligations other than amounts due under Section 16.04(a) and other Administrative Expenses that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Past Due Interest. Any amounts not paid under the Operative Agreements by Borrower when due shall bear interest at the Past-Due Rate (calculated on the basis of a year of 360 days and actual number of days elapsed or if the Fixed Rate Option has been elected under Section 4.5, on the basis of a year of 360 days consisting of twelve 30-day months), and shall be payable on demand.
Past Due Interest. In the event Lessee fails to pay any Monthly Rental Payment when due (or any other sum to be paid by Lessee under this Lease), Lessee shall pay to Lessor interest on such monthly Rental Payment (or other sum) from the due date thereof and after any grace period to the date of payment, at the rate of eighteen percent (18%) per annum.
Past Due Interest. After the earlier of an Event of Default on the Maturity Date, the entire unpaid principal balance of and to the extent permitted by applicable law any interest on, this Note shall bear interest at a varying rate per annum equal to the lesser of (a) the Maximum Rate, or (b) the Default Rate.
Past Due Interest. All principal and interest which remain in arrears three (3) days or more after their respective due dates shall bear interest, payable on demand, for each day until paid, commencing on the fourth (4th) day after their respective due dates until paid, at a rate equal to 3% per annum above the Contract Rate (the "Default Rate"), but in no event to exceed the maximum non-usurious rate permitted by applicable law.
Past Due Interest. The Borrower shall pay interest on all Obligations (other than principal and interest on the Advances, where the default rate is reflected in the Applicable Margin) that are not paid when due for the period from the due date thereof until the date the same is paid in full at the Past Due Rate. Interest payable at the Past Due Rate shall be payable on each Payment Date in accordance with the Priority of Payments.
Past Due Interest. Overdue principal on the Loans shall bear ----------------- interest, to the extent permitted by applicable law, at a rate per annum equal to the Default Rate.
Past Due Interest. Any amounts not paid under this Agreement by Borrower when due shall bear interest at the Past-Due Rate (calculated on the basis of a year of 360 days and actual number of days elapsed), and shall be payable on demand.
