Default Rate
Default Rate. Shall mean, with respect to an acceleration of the Mezzanine Loan, a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) three percent (3%) above the LIBOR Rate, adjusted from time to time as set forth herein.
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Found in
CNL Hotels & Resorts, Inc. contract
Default Rate. Shall mean, with respect to an acceleration of the Mezzanine Loan, a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) three percent (3%) above the LIBOR Applicable Rate, adjusted from time to time as set forth herein.
Found in
CNL Hotels & Resorts, Inc. contract
Default Rate. Shall mean, with respect to an acceleration of the Mezzanine Loan, a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) three four percent (3%) (4%) above the LIBOR Rate, adjusted from time to time as set forth herein.
Found in
CNL Hotels & Resorts, Inc. contract
Default Rate. Shall mean, with respect to an acceleration of the Mezzanine Loan, a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) three four percent (3%) (4%) above the LIBOR Rate, adjusted from time to time as set forth herein.
Found in
MPG Office Trust, Inc. contract
Default Rate. Shall mean the lower of (i) fifteen percent per annum, or (ii) the highest rate of interest from time-to-time permitted under applicable federal and state law.
Found in
SYNPLICITY INC contract
Default Rate. A variable annual interest rate equal to 4 percentage points above the Adjustable Interest Rate in effect from time to time. However, at no time will the Default Rate exceed the Maximum Interest Rate.
Default Rate. A rate equal to the lesser of 4 percentage points above the Interest Rate or the maximum interest rate which may be collected from Borrower under applicable law
Found in
Steadfast Income REIT, Inc. contract
Default Rate. Means the lesser of (a) a fixed annual rate equal to 5% plus the Note Rate and (b) the maximum rate of interest permitted under applicable law.
Default Rate. Means an annual interest rate equal to four (4) percentage points above the Fixed Interest Rate. However, at no time will the Default Rate exceed the Maximum Interest Rate.
Found in
NTS REALTY HOLDINGS LP contract
Default Rate. At any time, the Applicable Rate plus 5.0%
Found in
Terra Tech Corp. contract
Default Rate. Shall mean a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) five percent (5%) above the Applicable Interest Rate.
Found in
ALEXANDERS INC contract
Default Rate. Shall mean the Interest Rate plus four percent (4.0%) per annum.
Default Rate. The Default Rate as defined in Paragraph 7(a)(iv).
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Found in
RADNOR HOLDINGS CORP contract
