Common use of Default Interest and Order of Application Clause in Contracts

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.

Default Interest and Order of Application. All Rent shall will bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to BNPPLC may apply any amounts paid by or on behalf of NAI against any Rent then past due in the order the same became due or in such other order as BNPLC may electBNPPLC elects.

Default Interest and Order of Application. All Rent shall will bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to BNPPLC may apply any amounts paid by or on behalf of NAI LRC against any Rent then past due in the order the same became due or in such other order as BNPLC may electBNPPLC elects. 4 Nature of this Agreement.

Default Interest and Order of Application. All Rent shall will bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to BNPPLC may apply any amounts paid by or on behalf of NAI LRC against any Rent then past due in the order the same became due or in such other order as BNPLC may electBNPPLC elects.

Default Interest and Order of Application. All Rent shall bear ----------------------------------------- interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI Zhone against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.

Default Interest and Order of Application. All Rent shall will bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to BNPPLC may apply any amounts paid by or on behalf of NAI ChoicePoint against any Rent then past due in the order the same became due or in such other order as BNPLC may electBNPPLC elects.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC BNPPLC shall be entitled to apply any amounts paid by or on behalf of NAI Specialty Laboratories against any Rent then past due in the order the same became due or in such other order as BNPLC BNPPLC may elect.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI Solectron against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. Subject to any requirements of Applicable Law, BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI SGC against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI FCI against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC BNPPLC shall be entitled to apply any amounts paid by or on behalf of NAI Xxxx against any Rent then past due in the order the same became due or in such other order as BNPLC BNPPLC may elect.

Default Interest and Order of Application. All Rent shall bear interest, if not paid when first due, at the Default Rate in effect from time to time from the date due until paid; provided, that nothing herein contained will be construed as permitting the charging or collection of interest at a rate exceeding the maximum rate permitted under Applicable Laws. BNPLC shall be entitled to apply any amounts paid by or on behalf of NAI Electroglas against any Rent then past due in the order the same became due or in such other order as BNPLC may elect.