Common use of OF DEFAULT INTEREST RATE Clause in Contracts

OF DEFAULT INTEREST RATE. Upon the occurrence of an Event of Default (hereinbelow defined), the computation of interest under this Note shall immediately and without further action by KeyBank be based upon the Default Interest Rate.

OF DEFAULT INTEREST RATE. Upon the occurrence of an Event of Default (hereinbelow definedas defined below), the computation of interest under this Note shall immediately and without further action by KeyBank the Bank be based upon the Default Interest Rate.. ADVANCES DURING REVOLVING PERIOD

OF DEFAULT INTEREST RATE. Upon the occurrence of an Event of Default (hereinbelow defined), the computation of interest under this Note shall immediately and without further action by KeyBank Key Bank be based upon the Default Interest Rate.