Common use of Interest Prior to Default Clause in Contracts

Interest Prior to Default. Interest shall accrue on the outstanding principal balance of this Note from the date hereof through November 20, 2009 (the “Maturity Date”) at an annual interest rate equal to the LIBOR Rate (as hereinafter defined) plus two percent (2%) (the “Loan Rate”).

Interest Prior to Default. (a) Interest shall accrue on the outstanding principal balance of this Note from the date hereof through November 20September 1, 2009 2011, (the “Maturity Date”) at an annual the lesser of: (i) the Maximum Lawful Rate; or (ii) a fluctuating rate of interest rate equal to the LIBOR Libor Rate plus 1.75% per annum (as hereinafter defined) plus two percent (2%“Applicable Margin”) (the Libor Rate plus the Applicable Margin shall be referred to herein as the “Loan Rate”).

Interest Prior to Default. Interest shall accrue on the outstanding principal balance of this Note from the date hereof through November 2030, 2009 2011 (the “Maturity Date”) at an annual interest rate equal to the LIBOR Prime Rate (as hereinafter defined) plus two one percent (21%) (the “Loan Rate”).

Interest Prior to Default. Interest shall accrue on the outstanding principal balance of this Note from the date hereof through November 20, 2009 (the “"Maturity Date”") at an annual interest rate equal to the LIBOR Rate (as hereinafter defined) plus two percent (2%) (the “"Loan Rate”").