Common use of Interest on Past Due Amounts Clause in Contracts

Interest on Past Due Amounts. Any amounts past due (by acceleration or otherwise) and at any time outstanding under any Note or from Borrower under any Basic Document shall (to the extent permitted by law) bear interest, payable on demand, from the due date (and shall be compounded on a quarterly basis) until (but excluding the date of) payment in full, at a rate equal to 2.00% per annum above the Interest Rate for the relevant Note (the “Default Rate”).

Interest on Past Due Amounts. Any amounts past due (by acceleration or otherwise) and at any time outstanding under any Note the Loan or from Borrower under any Basic Document shall (to the extent permitted by law) bear interest, payable on demand, from the due date (and shall be compounded on a quarterly basis) until (but excluding the date of) payment in full, at a rate equal to 2.00% per annum above the Interest Rate for the relevant Note Loan (the “Default Rate”).

Interest on Past Due Amounts. Any amounts past due (by acceleration or otherwise) and at any time outstanding under any Note or from Borrower under any other Basic Document shall (to the extent permitted by law) bear interest, payable on demand, from the due date (and shall be compounded on a quarterly basis) until (but excluding the date of) payment in full, at a rate equal to 2.002% per annum above the Interest Rate for the relevant Note (the “Default Prime Rate”).

Interest on Past Due Amounts. Any amounts past due (by acceleration ---------------------------- or otherwise) and at any time outstanding under any the Note or from Borrower under any other Basic Document shall (to the extent permitted by law) bear interest, payable on demand, from the due date (and shall be compounded on a quarterly basis) until (but excluding the date of) payment in full, at a rate per annum equal to 2.002% per annum above over the Interest Rate for the relevant Note (the “Default Rate”).

Interest on Past Due Amounts. Any amounts past due (by acceleration or otherwise) and at any time outstanding under any Note or from Borrower under any other Basic Document shall (to the extent permitted by law) bear interest, payable on demand, from the due date (and shall be compounded on a quarterly basis) until (but excluding the date of) payment in full, at a rate equal to 2.002% per annum above the Interest Rate for the relevant Note (the “Default Reference Rate”).