Common use of Past Due Loan Payments and Additional Payments Clause in Contracts

Past Due Loan Payments and Additional Payments. In the event that the Borrower should fail to pay any Loan Payments or Additional Payments, the payment in default shall continue as an obligation of the Borrower with interest payable at the Interest Rate for Advances until the amount in default shall have been fully paid; provided, however, that anything herein to the contrary notwithstanding the rate of interest on any Loan Payment in default shall not be less than the rate of interest on the Bonds to which such Loan Payment relates.

Past Due Loan Payments and Additional Payments. In the event that the Borrower should fail to pay any a: Loan Payments or Additional Payments, the payment in default shall continue as an obligation of the Borrower with interest payable at the Interest Rate for Advances until the amount in default shall have been fully paid; provided, however, that anything herein to the contrary notwithstanding the rate of interest on any Loan Payment in default shall not be less than the rate of interest on the Bonds to which such Loan Payment relates.

Past Due Loan Payments and Additional Payments. In the event that the Borrower Borrowers should fail to pay any Loan Payments or Additional Payments, the payment in default shall continue as an obligation of the Borrower Borrowers with interest payable at the Interest Default Rate for Advances until the amount in default shall have been fully paid; provided, however, that anything herein to the contrary notwithstanding the rate of interest on any Loan Payment in default shall not be less than the rate of interest on the Bonds to which such Loan Payment relates.