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 to 6.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 4.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate 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 6.000 percentage points over 18.000% per annum. However, in no event will the Index. The interest rate will not exceed the maximum interest rate permitted by 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 to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 Agreement to 6.000 2.500 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 to 6.000 3.500 percentage points over the Index. The interest rate will not exceed the maximum rate 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 Agreement to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 5.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate 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 variable interest rate on this Note to 6.000 8.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 Agreement to 6.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate 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 to 6.000 7.500 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index21.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 5.500 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index18.000%per annum. The interest rate will not exceed the maximum rate 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 to 6.000 shall be increased by 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 Agreement 2.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note Agreement to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index15.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index24.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 Agreement 5.000 percentage points over the Indexto 18.000% per annum. The interest rate will not exceed the maximum rate 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, law increase the variable interest rate on this Note to 6.000 Agreement 5.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 4,000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 5.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over points, if and to the Index. The extent that the increase does not cause the interest rate will not to exceed the maximum rate 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 to 6.000 7.250 percentage points over the Index. The , if and to the extent that the increase does not cause the interest rate will not to exceed the maximum rate 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 to 6.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 variable interest rate on this Note to 6.000 3.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 an this Note to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index. The interest rate will not exceed twenty-one percent (21%) or the maximum rate 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 to 6.000 percentage points over the Index26.000% per annum. The interest rate will not exceed the maximum rate 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 Agreement to 6.000 percentage points over the Index21.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 2.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 4.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
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 to 6.000 4.000 percentage points over the IndexPrime Rate. The interest rate will not exceed the maximum rate 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, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note Agreement to 6.000 3.500 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 3.000 percentage points over the Index. The interest rate will not exceed the maximum rate 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, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 6.000 2.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate 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 to 6.000 2.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate 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, mayany, if permitted under applicable law, increase increases the variable interest rate on this Note to 6.000 3.000 percentage points over the Indexindex. The interest rate will not exceed the maximum rate 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 to 6.000 4.750 percentage points over the Index. The interest rate will not exceed the maximum rate 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 to 6.000 5.500 percentage points over the Indexindex. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, Lender, Lender at its option, may, if permitted under applicable law, increase the variable interest rate on this Note Agreement to 6.000 percentage points over the Index18.000% per annum. The interest rate will not exceed the maximum rate 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 to 6.000 percentage points over 18.000% per annum, if and to the Index. The extent that the increase does not cause the interest rate will not rats to exceed the maximum rate permitted by applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, . Lender, at et its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 6.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted 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 Agreement to 6.000 3.000 percentage points over the Indexpoints. The interest rate will not exceed the maximum rate permitted by applicable law.
Appears in 1 contract