Common use of Unpaid Interest Clause in Contracts

Unpaid Interest. In case any one or more Events of Default shall --------------- occur and be continuing, any due but unpaid interest shall continue to remain due and accrue interest thereon at the rate of eight percent (8%) per annum from the date on which it is due until paid.

Unpaid Interest. In case any one or more Events of Default shall --------------- occur and be continuing, any due but unpaid interest shall continue to remain due and accrue interest thereon at the rate of eight four and three quarter percent (84.75%) per annum from the date on which it is due until paid.