Common use of Default Rate; Late Charge Clause in Contracts

Default Rate; Late Charge. (i) Any time during an Event of Default Period, the Principal Amount, any Additional Costs, and all past due installments of interest will bear interest at the Default Rate.

Default Rate; Late Charge. (i) Any time during an Event of Default PeriodPeriod (and including any period prior to and after any judgment against any Borrower Party concerning the Loan, the Principal Amount or Additional Costs), the Principal Amount, any Additional Costs, Costs and all past due installments of interest will will, at Lender's option, bear interest at the Default Rate.

Default Rate; Late Charge. (i) Any time during an Event of Default PeriodPeriod (and including any period prior to and after any judgment against any Borrower Party concerning the Loan, the Principal Amount or Additional Costs), the Principal Amount, any Additional Costs, and all past due installments of interest will will, upon written notice from Lender to Borrower, bear interest at the Default Rate.

Default Rate; Late Charge. (i) Any time during an Event of Default PeriodPeriod (and including any period prior to and after any judgment against any Borrower Party concerning the Loans, the Principal Amount or Additional Costs), the Principal Amount, any Additional Costs, Costs and all past due installments of interest will will, at Lender's option, bear interest at the Default Rate.