Event of Default; Default Interest. (a) Upon the occurrence of an Event of Default, the Loan Amount shall (a) become due and payable, and (b) bear interest at a per annum interest rate of twenty-five percent (25%) per annum (the “Default Rate”). Borrower will also pay to Lender, after an Event of Default occurs, all reasonable costs of collecting, securing, or attempting to collect or secure this Note or any other Loan Document, including, without limitation, court costs and reasonable attorneys’ fees (including reasonable attorneys’ fees on any appeal by either Borrower or Lender and in any bankruptcy proceedings).
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Sources: Promissory Note (Smart for Life, Inc.), Promissory Note (Smart for Life, Inc.)
Event of Default; Default Interest. (a) Upon the occurrence of an Event of Default, the Loan Amount shall (a) become due and payable, and (b) bear interest at a per annum interest rate of twenty-five percent (25%) per annum (the “Default Rate”). Borrower will also pay to Lender, after an Event of Default occurs, all reasonable costs of collecting, securing, or attempting to collect or secure this Note or any other Loan Document, including, without limitation, court costs and reasonable attorneys’ fees (including reasonable attorneys’ fees on any appeal by either Borrower or Lender and in any bankruptcy proceedings).. Promissory Note Peah Capital, LLC 2
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