Common use of Default Rate Interest Clause in Contracts

Default Rate Interest. (a) Without limiting the remedies available to IFC under this Agreement or otherwise (and to the maximum extent permitted by applicable law), if the Borrower fails to make any payment of principal or interest (including interest payable pursuant to this Section) or any other payment provided for in Section 2.07 (Fees) when due as specified in this Agreement (whether at stated maturity or upon acceleration), the Borrower shall pay interest on the amount of that payment due and unpaid at the rate which shall be the sum of 2.0% per annum and the A Loan Interest Rate (with respect to amounts relating to the A Loans) or 2.0% per annum and the B Loan Interest Rate (with respect to amounts relating to the B Loans) in effect from time to time;

Default Rate Interest. (a) Without limiting the remedies available to IFC under this Agreement or otherwise (and to the maximum extent permitted by applicable law), if the Borrower fails to make any payment of principal or interest (including interest payable pursuant to this Section) or any other payment provided for in Section 2.07 3.08 (Fees) when due as specified in this Agreement (whether at stated maturity or upon acceleration), the Borrower shall pay interest on the amount of that payment due and unpaid at the default rate which shall be the sum of 2.0% two per cent (2%) per annum and the A Loan Interest Rate (with respect to amounts relating to the A LoansLoan) or 2.0% two per cent (2%) per annum and the B Loan Interest Rate (with respect to amounts relating to the B LoansLoan) in effect from time to time;

Default Rate Interest. (a) Without limiting the remedies available to IFC under this Agreement or otherwise (and to the maximum extent permitted by applicable law), if the Borrower fails to make any payment of principal or interest (including interest payable pursuant to this Section) or any other payment provided for in Section 2.07 3.08 (Fees) when due as specified in this Agreement (whether at stated maturity or upon acceleration), the Borrower shall pay interest on the amount of that payment due and unpaid at the rate which shall be the sum of two per cent (2.0% %) per annum and the A Loan Interest Rate (with respect to amounts relating to the A LoansLoan) or two per cent (2.0% %) per annum and the B Loan Interest Rate (with respect to amounts relating to the B LoansLoan) in effect from time to time;

Default Rate Interest. (a) Without limiting the remedies available to IFC under this Agreement or otherwise (and to the maximum extent permitted by applicable law), if the Borrower fails to make any payment of principal or interest (including interest payable pursuant to this Section) or any other payment provided for in Section 2.07 (Fees) when due as specified in this Agreement (whether at stated maturity or upon acceleration), the Borrower shall pay interest on the amount of that payment due and unpaid at the rate which shall be the sum of 2.02% per annum and the A Loan Interest Rate (with respect to amounts relating to the A LoansLoan) or 2.02% per annum and the B Loan Interest Rate (with respect to amounts relating to the B LoansLoan) in effect from time to time;.