Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall accrue on the unpaid principal balance from the Installment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 101 contracts
Samples: Multifamily Note, Multifamily Note, ww3.freddiemac.com
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) 30 days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall will accrue on the unpaid principal balance from the Installment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 45 contracts
Samples: Master Loan Agreement (New Senior Investment Group Inc.), Regulatory Agreement (Strategic Student & Senior Housing Trust, Inc.), Multifamily Note (Bluerock Residential Growth REIT, Inc.)
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) 30 days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall accrue on the unpaid principal balance from the Installment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 3 contracts
Samples: Emeritus Corp\wa\, Preferred Apartment Communities Inc, Preferred Apartment Communities Inc
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) 30 days or more more, or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall will accrue on the unpaid principal balance from the Installment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 1 contract
Samples: mf.freddiemac.com
Default Rate. (a) 8.1. So long as (i) any monthly installment under this Note remains past due for thirty (30) days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall accrue on the unpaid principal balance from the Installment Payment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 1 contract
Samples: Landa App LLC
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) 30 days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall will accrue on the unpaid principal balance from the Installment Multifamily Multistate Fixed Rate Note (CME) Defeasance Page 5 Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 1 contract
Samples: Emeritus Corp\wa\
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrarycont, interest aryinterest under this Note shall accrue on the unpaid principal balance from the Installment Due Date of the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 1 contract
Samples: Davidson Diversified Real Estate Ii Limited Partnership
Default Rate. (a) So long as (i) any monthly installment under this Note remains past due for thirty (30) 30 days or more or (ii) any other Event of Default has occurred and is continuing, then notwithstanding anything in Section 3 of this Note to the contrary, interest under this Note shall will accrue on the unpaid principal balance from the Installment Due Date of Multifamily Note Page 6 Floating Rate the first such unpaid monthly installment or the occurrence of such other Event of Default, as applicable, at the Default Rate.
Appears in 1 contract
Samples: Steadfast Apartment REIT, Inc.