Common use of Default Rate Clause in Contracts

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by lawApplicable Law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan thereof and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein. Interest at the Default Rate shall be paid immediately upon demand, which demand may be made as frequently as Lender shall elect.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by applicable law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained hereinEvent of Default occurred.

Default Rate. In the event that, and for so long as, any Event of Default shall have has occurred and be continuingremains outstanding, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard the related Event of Default occurred. In no event shall the foregoing be construed to nullify any grace or and/or cure periods contained hereinapplicable to a determination of the existence of an Event of Default.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsDocuments (including, without limitation, Accrued Interest), shall accrue interest at the Default Rate, calculated from the date such payment or amount was due without regard to any grace or cure periods or any other provision contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to after the expiration of any grace or cure periods contained hereinherein which elapsed prior to the occurrence of the Event of Default.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due on which the default which gave rise to the Event of Default occurred without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance each of the Reduced Acquisition Loan Outstanding Principal Balance and the Construction Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due Event of Default commenced without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained hereinof the occurrence of the Event of Default.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained hereinEvent of Default occurred.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.. Interest at the Default Rate shall be computed from the occurrence of the Event of Default until

Default Rate. In Notwithstanding anything to the contrary contained herein, in the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by lawApplicable Law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.. (e)

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan this Note and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan this Note and any other amounts due pursuant to the Loan Financing Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date the Default occurred which led to such payment was due an Event of Default without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan thereof and any other amounts and Obligations due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by lawApplicable Law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.. CH1 6687939v.9

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default RateRate until the cure of the applicable Event of Default, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein. 2.2.4.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date the Default occurred that led to such payment was due Event of Default without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date of such payment was due Event of Default without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan Outstanding Principal Balance and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan thereof and any other amounts then due pursuant to the Loan Documents, shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, Documents shall accrue interest at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by lawApplicable Law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date of such payment was due Event of Default without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan and, to the extent permitted by lawApplicable Law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the earlier of the occurrence of such event resulting in the Event of Default and the date such payment was due without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the entire outstanding principal balance of the Loan Note and, to the extent permitted by law, all accrued and unpaid overdue interest in respect of the Loan and any other amounts due pursuant to the Loan DocumentsLoan, shall accrue interest at the Default Rate, calculated from the date the Default occurred which led to such payment was due an Event of Default without regard to any grace or cure periods contained herein.

Default Rate. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, subject to applicable cure periods, the outstanding principal balance of the Loan Amount and, to the extent permitted by law, all accrued and unpaid interest in respect of the Loan and any other amounts due pursuant to the Loan Documents, shall accrue interest interest, without duplication, at the Default Rate, calculated from the date such payment was due without regard to any grace or cure periods contained hereinEvent of Default occurred.