Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four percent (4%) per annum above the Interest Rate (the "Default Rate").
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Samples: Loan and Security Agreement (Vista Gold Corp), Loan and Security Agreement (Bell Technology Group LTD), Loan and Security Agreement (Equalnet Holding Corp)
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four five percent (45%) per annum above the Interest Rate (the "Default Rate").
Appears in 2 contracts
Samples: Loan and Security Agreement (Roadhouse Grill Inc), Loan and Security Agreement (Roadhouse Grill Inc)
Interest After Maturity. Commencing with the day after the ----------------------- principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four one percent (41%) per annum above the Interest Rate (the "Default Rate").
Appears in 2 contracts
Samples: Loan and Security Agreement (Artisan Entertainment Inc), Loan and Security Agreement (Artisan Entertainment Inc)
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four percent (4%) percent per annum above the Interest Rate (the "Default Rate").
Appears in 1 contract
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four percent (4%) per annum above the then applicable Interim Interest Rate or Interest Rate (as the case may be) (the "Default Rate").
Appears in 1 contract
Samples: Loan and Security Agreement (Showboat Marina Partnership)
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four two percent (42%) per annum above the Interest Rate (as the case may be) (the "Default Rate").
Appears in 1 contract
Samples: Loan and Purchase Money Security Agreement (Mooney Aerospace Group LTD)
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four percent (4%) per annum above the applicable First Loan Interest Rate or Second Loan Interest Rate (as the case may be) (the "Default Rate").
Appears in 1 contract
Samples: Loan and Security Agreement (Crown Laboratories Inc /De/)
Interest After Maturity. Commencing with the day after the principal amount of any part of the Loan shall have become due and payable (by acceleration or otherwise), such part of the Loan or the entire Loan (as the case may be) shall bear interest at the daily rate of four three percent (43%) per annum above the Interest Rate (the "Default Rate").
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