Common use of Default Interest Clause in Contracts

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two the Contract Rate plus ten percent (210%) per monthannum, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two twenty four percent (224%) per monthannum beginning on the first date of such Event of Default, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two four percent (24.0%) per monthannum, and all outstanding Obligations, including excluding unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and a half percent (21.5%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate month from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, upon written notice from the Holder of such Event of Default, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one-half of one percent (20.5%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of notice of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreements and each Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21.0%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived. In the event, an Event of Default is occuring for a partial month, the default interest rate should only apply for such period.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21.00%) per month, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two twenty four percent (224%) per monthannum beginning on the first date of such Event of Default, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and one-half percent (21.50%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance amount of this Note in an amount equal to [two percent (22.0%) )] per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance ----------------- of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two twenty four percent (224%) per monthannum beginning on the first date of the occurrence of such Event of Default, and all outstanding Obligationsobligations under this Note and the Master Security Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal Accreted Principal Amount balance of this Note in an amount equal to two percent (2%) per monthannum, and all outstanding Obligationsobligations under this Note, the Purchase Agreement and each other Related Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and one half percent (21.5%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and one-half percent (21.5%) per month, and all outstanding Obligations, including unpaid interest, shall shall, to the extent permitted by law, continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following (i) the occurrence and during the continuance of an Event of DefaultDefault and (ii) written notice by the Holder to the Companies, the Companies shall, each Company shall be jointly and severally, severally obligated to pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies each Company shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (22.00%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance Principal Amount of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligationsobligations under this Note, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance ----------------- of an Event of Default, the Companies shall, jointly and severally, each Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two one percent (21%) per month, and all outstanding Obligationsobligations under this Note, the Security Agreement and each other Ancillary Agreement, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and one half percent (21.50%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, Company shall pay additional interest on the outstanding principal balance of this Note in an amount equal to two percent (2%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.

Default Interest. Following the occurrence and during the continuance of an Event of Default, the Companies shall, jointly and severally, pay additional interest on the outstanding principal balance of this Note in an amount equal to two one and one-half percent (21.5%) per month, and all outstanding Obligations, including unpaid interest, shall continue to accrue interest at such additional interest rate from the date of such Event of Default until the date such Event of Default is cured or waived.