Common use of Default Interest Rate Clause in Contracts

Default Interest Rate. If an Event of Default has occurred and is continuing, the Bank, at its option, may require the Borrower to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default Default, or an event which, with notice or passage of time could become an Event of Default, has occurred and or is continuing, the Bank, at its option, may require the Borrower to shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default Default, or an event which, with notice or passage of time could become an Event of Default, has occurred and or is continuing, the Bank, at its option, may require the Borrower to shall pay to the Bank interest on any Indebtedness indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this AgreementAgreement (the "Default Interest Rate").

Default Interest Rate. If an Event of Default has occurred and is continuing, the Bank, at its option, may require the Borrower Borrowers to pay to the Bank interest on or any Indebtedness or amount payable under this Agreement at a rate which is 33 % in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default has occurred and is continuing, the Bank, . at its option, may require the Borrower to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default Default, or an event which , with notice or passage of time could become an Event of Default, has occurred and or is continuing, the Bank, at its option, may require the Borrower to shall pay to the Bank interest on any Indebtedness indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default Default, or an event which, with notice or passage of time could become an Event of Default, has occurred and is continuing, the Bankeach Borrower, at its optionjointly and severally, may require the Borrower to shall pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default has occurred and is continuing, . the Bank, at its option, may require the Borrower to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If if an Event of Default, or an event which, with notice or passage of time could become an Event of Default has occurred and or is continuing, the Bank, at its option, may require the Borrower to shall pay to the Bank interest on any Indebtedness indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement.

Default Interest Rate. If an Event of Default has occurred and is continuing, the Bank, at its option, may require the Borrower to pay to the Bank interest on any Indebtedness or amount payable under this Agreement at a rate which is 3% in excess of the rate or rates otherwise then in effect under this Agreement. 9.02.