Common use of Pre-Default Rate Clause in Contracts

Pre-Default Rate. Subject to the provisions of Section 1.2. below, interest payable on this Note per annum will accrue at the LIBOR Base Rate plus the Applicable Margin.

Pre-Default Rate. Subject to the provisions of Section 1.2. 1.2 below, interest payable on this Note per annum will accrue at the LIBOR Base Rate plus the Applicable Margin.

Pre-Default Rate. Subject to the provisions of Section 1.2. 1.2 below, interest payable on this Note per annum will accrue at the greater of (i) the LIBOR Base Rate plus the Applicable MarginMargin and (ii) four percent (4%).