Default Interest
Default Interest. If not paid in full on the Maturity Date and/or if an Event of Default occurs hereunder, the Amount Outstanding (which shall increase automatically to the Default Amount upon an Event of Default) and Accrued Interest shall accrue interest at the Default Interest Rate, compounded monthly (at the end of each calendar month), until paid in full ("Default Interest", and together with Standard Interest, "Interest").
Found in
MANGOCEUTICALS, INC. contract
Default Interest. The Lenders have elected and the Borrower acknowledges and agreed that the Loans have incurred interest at the Default Rate from May 1, 2020 through May 15, 2020.
All Definitions
Found in
VIKING ENERGY GROUP, INC. contract
