Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Where Food Comes From, Inc.), Business Loan Agreement (Utek Corp), Business Loan Agreement (Vicor Technologies, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum. However, in no event will if and to the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Coast Financial Holdings Inc), Loan Agreement (Skyway Communications Holding Corp), Business Loan Agreement (Coast Financial Holdings Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum4.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement (Champion Industries Inc), Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum6.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 5 contracts
Sources: Business Loan Agreement and Promissory Note, Loan Agreement (Transcend Services Inc), Business Loan Agreement (Transcend Services Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annumAgreement 5.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 4 contracts
Sources: Change in Terms Agreement (Medicalcv Inc), Change in Terms Agreement (Eacceleration Corp), Change in Terms Agreement (Eacceleration Corp)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 4 contracts
Sources: Commercial Security Agreement (Pyramid Breweries Inc), Third Amendment to Agreement (Monarch Cement Co), Fourth Amendment to Agreement (Monarch Cement Co)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum2.500 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 3 contracts
Sources: Change in Terms Agreement (Visionics Corp), Change in Terms Agreement (Visionics Corp), Change in Terms Agreement (Digital Biometrics Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 3 contracts
Sources: Business Loan Agreement (Amendment) (Pinnacle Data Systems Inc), Commercial Security Agreement (Ohio Art Co), Business Loan Agreement (Amendment) (Pinnacle Data Systems Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum3.500 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 3 contracts
Sources: Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.00021.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Flotek Industries Inc/Cn/), Change in Terms Agreement (Flotek Industries Inc/Cn/)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum5.000 percentage points over the index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.), Business Loan Agreement (Advanced Life Sciences Holdings, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum7.500 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Business Loan Agreement (Portland Brewing Co /Or/), Promissory Note (Tower Tech Holdings Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum. However, in no event will if and to the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Phone1globalwide Inc), Loan Agreement (Vertical Health Solutions Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum8.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Promissory Note (Citi Trends Inc), Promissory Note (Ourpets Co)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Computer Software Innovations Inc), Business Loan Agreement (Coeur D Alenes Co /Ia/)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will if and to the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 2 contracts
Sources: Promissory Note (Go2pharmacy Com Inc), Promissory Note (Innovative Cos Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased 6.000 percentage points, if and to 18.000% per annum. However, in no event will the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (Procyon Corp)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum3.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Commercial Guaranty (Arts Way Manufacturing Co Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.00015.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annumAgreement 5.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Rocky Mountain Chocolate Factory Inc)
Interest After Default. Upon and during any period of default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum4.000 percentage points over the Prime Rate. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (Softech Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased to 18.000% per annumby 3.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Loan Agreement (Badger Meter Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum4.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law increase the interest rate on this Note shall be increased to 18.000% per annumAgreement 5.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Rocky Mountain Chocolate Factory Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased Agreement to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum2.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum4.750 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on an this Note shall be increased to 18.000% per 18.000%per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum. However, in no event will if and to the extent that the increase does not cause the interest rate rats to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on an this Note shall be increased to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum. However, in no event will the interest rate exceed twenty-one percent (21%) or the maximum interest rate limitations under permitted by applicable law, whichever is less.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum4,000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum5.500 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum5.500 percentage points over the index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Loan Agreement (Badger Meter Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased Agreement 5.000 percentage points to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Portfolio Recovery Associates Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum. However7.250 percentage points over the Index, in no event will if and to the extent that the increase does not cause the interest rate to exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.000% per annum3.500 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum2.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum5.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum2.000 percentage points over the index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annumAgreement 2.000 percentage points. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (ProUroCare Medical Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points over the Index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Promissory Note (Badger Meter Inc)
Interest After Default. Upon default, including failure to pay upon final maturity. Lender, et its option, may, if under applicable law, increase the variable interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points. However, in no event The interest will the interest rate not exceed the maximum interest rate limitations under by applicable law.
Appears in 1 contract
Sources: Business Loan Agreement
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.00024.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, default including failure to pay upon final maturity. Lender, at its option, any, if permitted under applicable law, increases the variable interest rate on this Note shall be increased to 18.000% per annum3.000 percentage points over the index. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract
Sources: Business Loan Agreement (Amendment) (Pinnacle Data Systems Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased to 18.00026.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law. DEFAULT. I will be in default under this Note if any of the following happen: Payment Default. I fail to make any payment when due under this Note.
Appears in 1 contract
Sources: Promissory Note (Wilshire Financial Services Group Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note shall be increased Agreement to 18.00021.000% per annum. However, in no event will the The interest rate will not exceed the maximum interest rate limitations under permitted by applicable law.
Appears in 1 contract