Common use of Interest After Default Clause in Contracts

Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s option, Lender may add any unpaid interest to principal and such sum will bear interest there from until paid at the rate provided in this Note (including any increased interest rate). Upon Xxxxxxxx’s failure to pay all amounts declared due pursuant to this section, Lender, at its option, may increase the interest rate on this Note five (5) percentage points.

Appears in 14 contracts

Samples: 1e6d36a04c8f99a5d1a2-8c18c2dfd7134d7cb32bd63167bf4c6c.ssl.cf1.rackcdn.com, 1e6d36a04c8f99a5d1a2-8c18c2dfd7134d7cb32bd63167bf4c6c.ssl.cf1.rackcdn.com, 1e6d36a04c8f99a5d1a2-8c18c2dfd7134d7cb32bd63167bf4c6c.ssl.cf1.rackcdn.com

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Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate)Note. Upon Xxxxxxxx’s failure to pay all amounts declared default, the total sum due pursuant to under this section, Lender, Note will bear interest from the date of acceleration or maturity at its option, may increase the variable interest rate on this Note five (5) percentage pointsNote.

Appears in 3 contracts

Samples: Credit Agreement (Petmed Express Inc), Credit Agreement (Petmed Express Inc), Credit Agreement (Petmed Express Inc)

Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted xx xxplicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate). Upon Xxxxxxxx’s failure to pay all amounts declared due pursuant to this sectiondefault, Lender, at its option, may may, if permitted under applicable law, increase the variable interest rate on this Note five (5) by 3.000 percentage points. The interest rate will not exceed the maximum rate permitted by applicable law.

Appears in 2 contracts

Samples: Promissory Note (Georgia Bancshares Inc//), Promissory Note (Georgia Bancshares Inc//)

Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate). Upon Xxxxxxxx’s failure to pay all amounts declared due pursuant to this sectiondefault, Lender, at its option, may may, if permitted under applicable law, increase the variable interest rate on this Note five (5) to 3.000 percentage pointspoints over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.

Appears in 2 contracts

Samples: Citizens First Corp, Tidelands Bancshares Inc

Interest After Default. Upon defaultDefault, including failure to pay upon final maturity, at Xxxxxx’s 's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate)Note. Upon Xxxxxxxx’s failure to pay all amounts declared default, the total sum due pursuant to under this section, Lender, Note will bear interest from the date of acceleration or maturity at its option, may increase the variable interest rate on this Note five (5) percentage pointsNote. The interest rate will not exceed the maximum rate permitted by applicable law.

Appears in 1 contract

Samples: Security Agreement (Transbotics Corp)

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Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted xx xxplicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate). Upon Xxxxxxxx’s failure to pay all amounts declared due pursuant to this sectiondefault, Lender, at its option, may may, if permitted under applicable law, increase the variable interest rate on this Note five (5) 3.000 percentage pointspoints over the Index. The interest rate will not exceed the maximum rate permitted by applicable law.

Appears in 1 contract

Samples: Promissory Note (Freedom Bancshares Inc)

Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate). Upon Xxxxxxxx’s Borrower's failure to pay all amounts declared due pursuant to this section, Lender, at its option, may may, if permitted under applicable law, increase the variable interest rate on this Note five (5) to 5.000 percentage pointspoints over the Index.

Appears in 1 contract

Samples: Business Loan Agreement (Large Scale Biology Corp)

Interest After Default. Upon default, including failure to pay upon final maturity, at Xxxxxx’s Lender's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from therefrom until paid at the rate provided in this Note (including any increased interest rate)Note. Upon Xxxxxxxx’s failure to pay all amounts declared default, the total sum due pursuant to under this section, Lender, Note will bear interest from the date of acceleration of maturity at its option, may increase the variable interest rate on this Note five (5) percentage pointsNote.

Appears in 1 contract

Samples: Loan Agreement (Petmed Express Inc)

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