PROMPT PAYMENT PROVISION. That all payments of principal and interest (or any part thereof) not made when due shall bear interest from due date to the date of payment thereof by maker or assumptor at the default rate which is equal to eighteen percent (18%) per annum. All advances made by the holder hereof shall be secured by and under this Deed of Trust and Security Agreement and shall be payable with interest from the date each advance is made until paid by maker or assumptor at the default rate.
Appears in 6 contracts
Samples: Trust and Security Agreement (Omega Protein Corp), Deed of Trust (Omega Protein Corp), Omega Protein Corp
