Overdue Principal and Interest. Unless waived by the Lender, any overdue principal and, to the extent permitted by law, overdue interest on the Loans shall bear interest at the Default Rate.
Appears in 2 contracts
Sources: Credit Agreement (Trek Resources Inc), Credit Agreement (Gladstone Resources Inc)
Overdue Principal and Interest. Unless waived by the Lender, any overdue principal and, to the extent permitted by law, overdue interest on the Loans Loan shall bear interest at the Default Rate.
Appears in 1 contract