Common use of Default Interest Clause in Contracts

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 56 contracts

Samples: Credit Agreement (Cancer Genetics, Inc), Credit Agreement (Virco MFG Corporation), Memorandum of Modification Agreement (Virco MFG Corporation)

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Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 48 contracts

Samples: Credit Agreement (Startek Inc), Credit Agreement (Startek Inc), Credit Agreement (Startek Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank's option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 14 contracts

Samples: Credit Agreement (S&W Seed Co), Credit Agreement (S&W Seed Co), Credit Agreement (S&W Seed Co)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 12 contracts

Samples: Credit Agreement (Zumiez Inc), Credit and Security Agreement (Kewaunee Scientific Corp /De/), Credit Agreement (Impac Mortgage Holdings Inc)

Default Interest. From and after the maturity date of this Note, or ---------------- such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 10 contracts

Samples: Credit Agreement (Provena Foods Inc), Credit Agreement (Seattle Filmworks Inc), Credit Agreement (Hall Kinion & Associates Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43%) above the rate of interest from time to time applicable to this Note.

Appears in 10 contracts

Samples: Credit Agreement (America First Multifamily Investors, L.P.), Credit Agreement (America First Multifamily Investors, L.P.), Credit Agreement (America First Multifamily Investors, L.P.)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 8 contracts

Samples: Credit Agreement, Credit Agreement (Marcus & Millichap, Inc.), Credit Agreement (Marcus & Millichap, Inc.)

Default Interest. From and after the maturity date of this Note, or ---------------- such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 7 contracts

Samples: Wells Fargo (Staar Surgical Company), Credit Agreement (Provena Foods Inc), Credit Agreement (Hall Kinion & Associates Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Bebe Stores, Inc.), Credit Agreement (Day Runner Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Lender’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 4 contracts

Samples: Credit Agreement (Saba Software Inc), Credit Agreement (Saba Software Inc), Credit Agreement (Saba Software Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the outstanding occurrence, and during the continuance of an Event of Default, the outside principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 4 contracts

Samples: Credit Agreement (Tilly's, Inc.), Credit Agreement and Note (Tilly's, Inc.), Credit Agreement (Tilly's, Inc.)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Xxxxxx, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this NoteNote (the “Default Rate”).

Appears in 4 contracts

Samples: Term Loan Note (Lodging Fund REIT III, Inc.), Term Loan Note (Lodging Fund REIT III, Inc.), Term Loan Note (Lodging Fund REIT III, Inc.)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) 2% above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Security Agreement (Lacrosse Footwear Inc), eTelecare Global Solutions, Inc., Dot Hill Systems Corp

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: SBS Technologies Inc, SBS Technologies Inc, Credit Agreement (Winnebago Industries Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank's option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Credit Agreement (Mocon Inc), Credit Agreement (Bebe Stores, Inc.), Fortress International Group, Inc.

Default Interest. From and after the maturity date of this Note, or such ---------------- earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Credit Agreement (Provena Foods Inc), Exponent Inc, Grip Technologies Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest Interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Avigen Inc \De, Avigen Inc \De, Avigen Inc \De

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42.00%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Credit Agreement (Bebe Stores, Inc.), Skullcandy, Inc., Skullcandy, Inc.

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-360 day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Virco MFG Corporation, Credit Agreement (Virco MFG Corporation), Virco MFG Corporation

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Bank, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Credit Agreement (Power Integrations Inc), Credit Agreement (Marcus & Millichap, Inc.), Credit Agreement (Power Integrations Inc)

Default Interest. From and after the maturity date Maturity Date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 3 contracts

Samples: Consent and Agreement (Global Water Resources, Inc.), Global Water Resources, Inc., Global Water Resources, Inc.

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Xxxxxx, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Term Loan Note, Term Loan Note

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42.0%) above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Credit Agreement (Datalink Corp), Credit Agreement (Datalink Corp)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43%) above the rate of interest from time to time applicable to this Notethe credit agreement dated May 30, 2001.

Appears in 2 contracts

Samples: Credit Agreement (Northwest Pipe Co), Credit Agreement (Northwest Pipe Co)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time otherwise applicable to this Note., but in no event at a rate greater than the Maximum Rate or the EBT Rate. REPAYMENT:

Appears in 2 contracts

Samples: Interest Free Loan Agreement, Interest Free Loan Agreement

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Bank, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.. REPAYMENT:

Appears in 2 contracts

Samples: EnviroStar, Inc., EnviroStar, Inc.

Default Interest. From and after the maturity date of this NoteMaturity Date, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Bank, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Biohaven Pharmaceutical Holding Co Ltd., Biohaven Pharmaceutical Holding Co Ltd.

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to in effect on the scheduled maturity date of this Note, or any accelerated maturity date.

Appears in 2 contracts

Samples: Lindsay Corp, Lindsay Manufacturing Co

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42.00%) above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Credit Agreement (Tekelec), Credit Agreement (Day Runner Inc)

Default Interest. From and after the maturity date of this Note, ---------------- or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Securities Account Control Agreement (Grip Technologies Inc), Credit Agreement (Lecg Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank's option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Credit Agreement (SJW Corp), Credit Agreement (SJW Corp)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 2 contracts

Samples: Credit Agreement (Synaptics Inc), Credit Agreement (SJW Corp)

Default Interest. From and after the maturity date of this Note, . or such earlier date as all principal owing hereunder owing, xxxxxxxxx becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, . actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Auto Graphics Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.. PXXXXXXX.XX (04/05) Revolving Line of Credit Note 05681,#5197138389

Appears in 1 contract

Samples: Credit Agreement (Mellanox Technologies, Ltd.)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a three hundred sixty (360-) day year, actual days elapsed) equal to four five percent (45%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Nimble Storage Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.. REL; Principal/Interest Together; MMFR; 5-year Interest Adjustments 032098 REPAYMENT AND PREPAYMENT:

Appears in 1 contract

Samples: Elmers Restaurants Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) 2% above the rate of interest Prime Rate in effect from time to time applicable to this Notetime.

Appears in 1 contract

Samples: Credit Agreement (Lacrosse Footwear Inc)

Default Interest. From and after the maturity date of this Note, or ---------------- such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest Interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Shoe Pavilion Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Red Lion Hotels CORP

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.. XXXXXXXX.XX (08/08) 20081030033 / Page 2 Revolving Line of Credit Note 02690, #5564597639

Appears in 1 contract

Samples: Credit Agreement

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum annum. (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

Default Interest. From and after the maturity date of this Note, ---------------- or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Hall Kinion & Associates Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, (actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Renaissance Learning Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Natrol Inc)

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Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.. REPAYMENT AND PREPAYMENT:

Appears in 1 contract

Samples: Credit Agreement (Natural Alternatives International Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four five percent (45%) above the interest rate of interest in effect from time to time applicable to this Notetime.

Appears in 1 contract

Samples: Stratford American Corp

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four five percent (4%5'-.) above the interest rate of interest in effect from time to time applicable to this Notetime.

Appears in 1 contract

Samples: Stratford American Corp

Default Interest. From and after the maturity date Maturity Date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence, and during the continuance of an Event of Default, then at the option of the Bank the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) at an increased rate per annum equal to four two percent (42%) above the rate of interest from time to time applicable to this Note. 6.

Appears in 1 contract

Samples: Credit Agreement (Marcus & Millichap, Inc.)

Default Interest. From and after the maturity date of this Note, or ---------------- such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on an the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Interwoven Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at the Secured Party’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four nine percent (49%) above the rate of interest from time to time applicable to this NoteNote (the “Default Rate”).

Appears in 1 contract

Samples: And Security Agreement (ProPhase Labs, Inc.)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 36036O-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (SJW Corp)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Orion Energy Systems, Inc.

Default Interest. From and after the maturity date of this Note, or such ---------------- earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Shoe Pavilion Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Symmetricom Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.. REPAYMENT:

Appears in 1 contract

Samples: Tejon Ranch Co

Default Interest. From and after the maturity date of this Note, or such ---------------- earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43%) above the higher of (i) the Prime Rate or (ii) the rate of interest from time to time then in effect applicable to this Note.

Appears in 1 contract

Samples: International Network Services

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note. 2.

Appears in 1 contract

Samples: Medtox Scientific Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Bank’s option upon the occurrence, and during the continuance of an Event of Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360365-day year (366 during any leap year), actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: www.sec.gov

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or upon the occurrence and during the continuance of an Event of Default, then at the option of Bank, in its sole and absolute discretion, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Proto Labs Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, or at Lender’s option upon the occurrence, and during the continuance of any Default, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four five percent (45%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: AAC Holdings, Inc.

Default Interest. From and after the maturity date of this ---------------- Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Hall Kinion & Associates Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, . actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Auto Graphics Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing owing, hereunder becomes due and payable by acceleration or otherwise, the . The outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, . actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Auto Graphics Inc

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360365/366-day year, as the case may be, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note, but in no event at a rate greater than the Maximum Rate.

Appears in 1 contract

Samples: Credit Agreement (Acr Group Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Cholestech Corporation

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) % above the rate of interest from time to time applicable to this Note.. XXXXXXXX.XX (01/03) 20040421030 / Page 2 Revolving Line of Credit Note 62596, #6411046333

Appears in 1 contract

Samples: Credit Agreement (Natural Alternatives International Inc)

Default Interest. From and after the maturity date of this the Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this the Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43.00%) above the rate of interest from time to time applicable to this the Note.

Appears in 1 contract

Samples: Agreement (Business Resource Group)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four five percent (45%) above the rate of interest from time to time applicable to this Note.. 

Appears in 1 contract

Samples: Flexsteel Industries Inc

Default Interest. From and after the maturity date of this Note, or ---------------- such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four two percent (42%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Keith Companies Inc

Default Interest. From and after the maturity date of this the Note, or such ---------------- earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this the Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four THREE percent (43.0%) ----- --- above the rate of interest from time to time applicable to this the Note.

Appears in 1 contract

Samples: Security Agreement (Provena Foods Inc)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four three percent (43.00%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Northwest Pipe Co)

Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above the rate of interest from time to time applicable to this Note.

Appears in 1 contract

Samples: Credit Agreement (Expeditors International of Washington Inc)

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