Common use of Post-Maturity Interest Clause in Contracts

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the interest rate otherwise applicable thereto or if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Rate.

Appears in 4 contracts

Samples: Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc)

AutoNDA by SimpleDocs

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the then applicable interest rate otherwise applicable thereto or rate, or, if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Prime Rate.

Appears in 3 contracts

Samples: Loan Agreement (Apple REIT Seven, Inc.), Loan Agreement (NNN Apartment REIT, Inc.), Credit Agreement (Apple Suites Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four three percent (43%) above the interest rate otherwise applicable thereto or if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Effective Fed Funds Rate.

Appears in 3 contracts

Samples: Mortgage Loan Warehousing Agreement (Aames Financial Corp/De), Mortgage Loan Warehousing Agreement (Aames Financial Corp/De), Residuals Financing Agreement (Aames Financial Corp/De)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four three percent (43%) above the interest rate otherwise applicable thereto or if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Base Rate.

Appears in 2 contracts

Samples: Mortgage Loan Warehousing Agreement (Headlands Mortgage Co), Servicing Secured Credit Agreement (Headlands Mortgage Co)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Base Rate.

Appears in 1 contract

Samples: Security Agreement (Dewolfe Companies Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four two percent (42%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four two percent (42%) above the Applicable Corporate Base Rate.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Novastar Financial Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at the stated maturityMaturity Date, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the interest rate otherwise applicable thereto or if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Prevailing Interest Rate.

Appears in 1 contract

Samples: Master Mortgage Loan Warehousing (Cooperative Bankshares Inc)

AutoNDA by SimpleDocs

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate LIBOR-Based Rate.

Appears in 1 contract

Samples: Credit Agreement (Apple Suites Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four percent (4%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four percent (4%) above the Applicable Corporate Prime Rate.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Westmark Group Holdings Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four two percent (42%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four two percent (42%) above the Applicable Corporate Base Rate.

Appears in 1 contract

Samples: Security Agreement (Emergent Group Inc)

Post-Maturity Interest. Any Obligations not paid when due ---------------------- (whether at stated maturity, upon acceleration or otherwise) shall bear interest from the date due until paid in full at a per annum rate equal to four two percent (42%) above the interest rate otherwise applicable thereto or thereto, or, if such Obligations do not otherwise bear interest, four two percent (42%) above the Applicable Corporate Base Rate.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Novastar Financial Inc)

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