Default Finance Charge. Secured Party may impose a default finance charge to all of Debtor’s outstanding principal indebtedness equal to that default rate, if any, specified in the Terms Schedule, or, if there is none specified, at the lesser of 16% per annum on each outstanding floorplan note, or the highest lawful contract rate of interest permitted under applicable law.
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Default Finance Charge. Secured Party party may impose a default finance charge to all of Debtor’s 's outstanding principal indebtedness equal to that default rate, if any, specified in the Terms Schedule, or, or if there is none specified, at the lesser of 16% per annum on each outstanding floorplan note, or the highest lawful contract rate of interest permitted under applicable law.
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Sources: Inventory Security Agreement (Apple Homes Corp Inc)
Default Finance Charge. Secured Party may impose a default finance charge to all of Debtor’s 's outstanding principal indebtedness equal to that default rate, if any, specified in the Terms Schedule, or, if there is none specified, at the lesser of 16% per annum on each outstanding floorplan note, or the highest lawful contract rate of interest permitted under applicable law.
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