Common use of INTEREST RATE FOLLOWING DEFAULT Clause in Contracts

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five two percent (52%) in excess of the interest rate specified in the initial paragraph 1.b, aboveof this note, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent extend permitted by law, interest shall be payable on the outstanding principal under this note at a per par annum rate equal to five percent (5%) in excess of the interest rate specified in the initial paragraph 1.b, aboveof this note, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, 1.b above, calculated from the date of default until all amounts payable under this note Note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent extend permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b., above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note Note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, aboveof this note, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, . interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b2(b), above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, above, of this note, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent extend permitted by law, interest shall be payable on the outstanding principal under this note n ote at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b., above, calculated from the fromthe date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in the initial paragraph 1.b, aboveof this note, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (55 %) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In Upon the event occurrence of defaultan Event of Default, at the option of Bank, and, Bank and to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five percent (5%) in excess of the applicable interest rate specified in paragraph 1.b, Paragraph 1 above, calculated from the date of default the occurrence of such Event of Default until all amounts payable under this note Note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five FIVE AND NO/100 percent (55.00%) in excess of the interest rate specified in paragraph 1.b, . above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b2(b), above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5FIVE AND NO/100 percent( 5.000 %) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, and to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.bl..b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five FIVE AND NO/100 percent (55,000%) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five two percent (52%) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b1(b), above, calculated from the date of default until all amounts payable under this note Note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note at a per annum rate equal to five FIVE AND NO/100 percent (5%( 5.000% ) in excess of the interest rate specified in paragraph 1.b, above, calculated from the date of default until all amounts payable under this note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, interest shall be payable on the outstanding principal under this note Note at a per annum rate equal to five percent (55.0%) in excess of the interest rate specified in paragraph 1.b, aboveReference Rate, calculated from the date of default until all amounts payable under this note Note are paid in full.

INTEREST RATE FOLLOWING DEFAULT. In the event of default, at the option of Bank, and, to the extent permitted by law, . interest shall be payable on the outstanding principal under this note at a per annum rate equal to five percent (5%) in excess of the interest rate specified in paragraph 1.b2 (b), above, calculated from the date of default until all amounts payable under this note are paid in full.