Common use of Default Interest; Late Charge Clause in Contracts

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (4%) above the rate that would otherwise be applicable at such time (the "Default Rate"), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five percent (5.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four three percent (43.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower Borrowers shall pay a late charge equal to five three percent (5.03.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower Borrowers within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four three percent (43.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower Borrowers shall pay a late charge equal to five three percent (5.03.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the applicable Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower Borrowers within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (4%) above the rate that would otherwise be applicable at such time (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five percent (5.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four three percent (43.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five three percent (5.03.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the applicable Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (44.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five four percent (5.04.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the applicable Maturity Date of such Loan or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (44.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower Borrowers shall pay a late charge equal to five four percent (5.04.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower Borrowers within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four three percent (43.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five three percent (5.03.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (44.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five four percent (5.04.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (4%) above the rate that would otherwise be applicable at such time (the "Default RateDEFAULT RATE"), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five percent (5.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the LoansLoan, all Loans the Loan shall bear interest payable on demand at a rate per annum equal to four percent (44.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five four percent (5.04.0%) of any amount of interest and/or principal payable on the Loans Loan (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four three percent (43.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower Borrowers shall pay a late charge equal to five three percent (5.03.0%) of any amount of interest and/or principal payable on the Loans (other than amounts due on the Maturity Date or any other amounts payable hereunder or under the Loan Documentsas a result of acceleration), which is not paid by the Borrower Borrowers within ten (10) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to four percent (4%) above the rate that would otherwise be applicable at such time (the "Default RateDEFAULT RATE"), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five percent (5.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the Loan Documents, which is not paid by the Borrower within ten five (105) days of the date when due.

Default Interest; Late Charge. Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the LoansLoan, all the Loans shall bear interest payable on demand at a rate per annum equal to four percent (44.0%) above the interest rate that would otherwise be applicable at such time in effect hereunder (the "“Default Rate"”), until such amount shall be paid in full (after as well as before judgment). In addition, the Borrower shall pay a late charge equal to five four percent (5.04.0%) of any amount of interest and/or principal payable on the Loans Loan or any other amounts payable hereunder or under the other Loan Documents, excluding principal due upon acceleration or at maturity, which is not paid by the Borrower within ten (10) days of the date when due.