Common use of Default Rate Interest Clause in Contracts

Default Rate Interest. At any time that an Event of Default has occurred and is continuing, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.

Appears in 2 contracts

Samples: Loan Agreement (Lf Strategic Realty Investors Ii L P), Loan Agreement (Lazard Freres Real Estate Investors LLC)

AutoNDA by SimpleDocs

Default Rate Interest. At any time that If an Event of Default has occurred and is continuing, continuing the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Default Rate Interest. At any time that If an Event of Default has occurred and is continuing, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Mark Centers Trust)

AutoNDA by SimpleDocs

Default Rate Interest. At any time that If an Event of Default has occurred and is continuing, the entire unpaid amount outstanding hereunder and under the Note will bear interest at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!