Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 9 contracts
Sources: Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Landmark Bancorp Inc), Business Loan Agreement (Landmark Bancorp Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 2.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no defaultpoints. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 7 contracts
Sources: Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (American Wagering Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default18.000% per annum. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 3 contracts
Sources: Change in Terms Agreement (Icop Digital, Inc), Change in Terms Agreement (GeoPharma, Inc.), Change in Terms Agreement (Icop Digital, Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an as additional 6.000 2.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have been applied has there been no default. After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Agreement. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Medalist Diversified REIT, Inc.), Change in Terms Agreement (Medalist Diversified REIT, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Intergovernmental Agreement, Business Loan Agreement (Landmark Bancorp Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 a 3.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. If judgment is entered in connection with this Agreement, interest will continue to accrue after the date of judgment at the rate in effect at the time judgment is entered. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 3.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Promissory Note (Macc Private Equities Inc), Promissory Note (Pipex Pharmaceuticals, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 3.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Letter Agreement (Midwest Banc Holdings Inc), Loan Agreement (Digital Ally Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 a 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Elecsys Corp), Change in Terms Agreement (Roomlinx Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Agreement. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 2 contracts
Sources: Change in Terms Agreement (Foundation Healthcare, Inc.), Change in Terms Agreement (Foundation Healthcare, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 3.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each PROMISSORY NOTE Page 2 Loan No.: 1089921654 (Continued) ================================================================================ succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased shall, if permitted under applicable law, immediately increase by adding an additional 6.000 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Promissory Note (Elecsys Corp)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. After maturity, or after this Note would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Note. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 10.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Innsuites Hospitality Trust)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased shall, if permitted under applicable law, immediately increase by adding an additional 6.000 a 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 3.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no defaultpoints. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Wheeler Real Estate Investment Trust, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Agreement. However, . in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Foundation Healthcare, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 a 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Agreement. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no defaultpoints. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Siena Technologies, Inc.)
Interest After Default. Upon default, including Including failure to pay upon final maturity, the interest rate on this loan Note shall be increased Increased by adding an additional 6.000 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest Interest rate exceed the maximum interest Interest rate limitations under applicable law.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Facility Agreement (Sunpeaks Ventures, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no defaultpoints. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Foundation Healthcare, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Change in Terms Agreement (Titan Energy Worldwide, Inc.)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default18.000%. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Loan Agreement (SD Co Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 4.000 percentage point margin (“Default Rate Margin”). The Default default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest Interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Business Loan Agreement (Macc Private Equities Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 3.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Commercial Guaranty (Torotel Inc)
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan shall be increased shall, if permitted under applicable law, immediately increase by adding an additional 6.000 5.000 percentage point margin (“"Default Rate Margin”"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will DEFAULT. Each of the interest rate exceed following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the maximum interest rate limitations under applicable lawIndebtedness.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturity, the interest rate on this loan Note shall be increased by adding an additional 6.000 a 5.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Interest After Default. Upon default, including failure to pay upon final maturityan Event of Default, the interest rate on this loan shall be increased the Loan shall, if permitted under applicable law, immediately increase by adding an additional 6.000 five percentage point margin (5.000%) (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Business Loan Agreement (ComSovereign Holding Corp.)
Interest After Default. Upon default, default including failure to pay upon final maturity, the interest rate on this loan shall be increased by adding an additional 6.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default18.000%. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable law.
Appears in 1 contract
Sources: Loan Agreement (SD Co Inc)