Common use of Additional Rights of Holder Clause in Contracts

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Agreement and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this Note.

Appears in 5 contracts

Samples: Loan and Security Agreement (Praegitzer Industries Inc), Loan and Security Agreement (Delphi Information Systems Inc /De/), Avery Communications Inc

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Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder Holder shall have, in addition to the rights set forth herein, in the Agreement and under law, have the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest Interest at the rate provided in this NoteNote in addition to the rights set forth herein, in the Agreement and under law.

Appears in 1 contract

Samples: Loan and Security Agreement (Porta Systems Corp)

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Agreement Agreement, and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in then applicable under this Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Image Entertainment Inc)

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder Holder shall have, in addition to the rights set forth herein, in the Agreement and under law, have the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this NoteNote in addition to the tights set forth herein, in the Agreement, and under law.

Appears in 1 contract

Samples: Loan and Security Agreement (Porta Systems Corp)

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Agreement and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this Note.. 7.0

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Multimedia Systems Inc)

Additional Rights of Holder. 5.1 If any installment of the principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Security Agreement and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this Note.

Appears in 1 contract

Samples: Security Agreement (Vital Living Inc)

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Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder Holder shall have, in addition to the rights set forth herein, in the Agreement and under law, have the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this NoteNote in addition to the rights set forth herein, in the Agreement, and under law.

Appears in 1 contract

Samples: Loan and Security Agreement (Porta Systems Corp)

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Agreement Loan Agreement, and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in then applicable under this Note.

Appears in 1 contract

Samples: Security Agreement (QMS Inc)

Additional Rights of Holder. If any installment of principal or interest hereunder is not paid when due, the holder shall have, in addition to the rights set forth herein, in the Agreement and under law, the right to compound interest by adding the unpaid interest to principal, with such amount thereafter bearing interest at the rate provided in this Note.

Appears in 1 contract

Samples: Cumetrix Data Systems Corp

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