Common use of Interest After Default Clause in Contracts

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than the interest rate which would otherwise be in effect under the terms of this Note. However, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section shall be immediately due and payable by the Borrowers to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of DefaultDefault (as hereinafter defined), interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “"Default Rate”") 5.0% greater than equal to five percent (5%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverLoan Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to three percent (3%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverLoan Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to four percent (4.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.”

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than the interest rate which would otherwise be in effect under the terms of this Note. However, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than the interest rate which would otherwise be in effect under the terms of this Note. However, in no - 4 - event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section shall be immediately due and payable by the Borrowers to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverFloating Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to four percent (4.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverFloating Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “"Default Rate”") 5.0% greater than the interest rate which would otherwise be in effect under the terms of this Note. Howeverequal to eighteen percent (18%); provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverLoan Rate, provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or in any event upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to the interest highest rate which would otherwise be in effect under the terms of this Noteallowed by law. However, in no event shall If the Default Rate exceed the maximum rate permitted is unlimited by law, the Default Rate shall be equal to 8% per annum. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverBase Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual a per annum rate of interest of fourteen percent (14.0%) (the “Default Rate”) 5.0% greater than the interest rate which would otherwise be in effect under the terms of this Note. However); provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date (as defined in Section 3.1(b) below), or upon the occurrence and during the continuance of an Event of DefaultDefault (as defined in Section 5 below), interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0equal to 5.00% greater than plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section 2.2 shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default, interest shall accrue on the unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five and zero one-hundredths percent (5.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate, provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of DefaultDefault (as hereafter defined), interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to Five percent (5.00%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverLoan Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by lawMaximum Legal Rate (as hereafter defined). The interest accruing under this Section section shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of DefaultDefault (as hereinafter defined), interest shall accrue on the unpaid principal balance Principal Amount during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to ten percent (10%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section section shall be immediately due and payable by the Borrowers Company to the holder of this Note Holder upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date Date, or upon the occurrence and during the continuance of an Event of DefaultDefault (as defined hereinafter), interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverInterest Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Maker to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.

Interest After Default. From and after the Maturity Date or upon the occurrence and during the continuance of an Event of DefaultDefault (as hereinafter defined), interest shall accrue on the balance of principal remaining unpaid principal balance during any such period at an annual rate (the “Default Rate”) 5.0% greater than equal to five percent (5%) plus the interest rate which would otherwise be in effect under the terms of this Note. HoweverLoan Rate; provided, however, in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this Section paragraph shall be immediately due and payable by the Borrowers Borrower to the holder of this Note upon demand and shall be additional indebtedness evidenced by this Note.