Default Rate

Default Rate. Means 2.25% per annum.

Default Rate. The Default Rate as defined in Paragraph 19(b) (iv).

Default Rate. Means four percent (4.0%) per annum plus the Note Rate.

Default Rate. The "Default Rate"

Default Rate. References in this Mortgage to the "Default Rate" shall mean the interest rate applicable pursuant to Section 3.1 of the Credit Agreement.

Default Rate. Means the lesser of eighteen percent (18%) per annum and the maximum rate of interest that may lawfully be charged to a commercial borrower under applicable usury laws.

Default Rate. Means, in respect of any amount not paid when due (whether at stated maturity, by acceleration or otherwise), a rate per annum during the period commencing on the due date until such amount is paid in full equal to 2% above the Base Rate; provided that, if the amount in default is principal accruing at the Libor Rate and the due date thereof is a day other than the last day of an Interest Period or the Final Maturity Date, the "Default Rate" for such principal shall be, for the period from and... including the due date and to but excluding the last day of the Interest Period or the Final Maturity Date, as the case may be, 2% above the rate of interest for the Loan and, thereafter, the rate provided for in this definition. View More

Default Rate. Shall mean a rate per annum equal to: (a) if a Prime Loan, a floating rate of 2% above the rate of interest thereon (including any margin); (b) if a Libor Loan, a fixed rate of 2% above the rate of interest in effect thereon (including any margin) at the time of the applicable Event of Default until the last day of the Interest Period thereof and, thereafter, a floating rate of 2% above the rate of interest for a Prime Loan (including any margin).

Default Rate. Upon and after the occurrence of an Event of Default, and during the continuation thereof, (i) at the option of Agent or at the direction of Required Lenders, the Obligations other than Eurodollar Rate Loans shall bear interest at the Revolving Interest Rate for Domestic Loans plus two (2%) percent and (ii) Eurodollar Rate Loans shall bear interest at the Revolving Interest Rate for Eurodollar Rate Loans plus two percent (2%) (as applicable, the "Default Rate").

Default Rate. Shall mean, as of the applicable date or time of determination, the Variable Rate, as defined below, plus five percent (5%), or, if the Bank exercises its option under Section 2.13 of this Agreement to change the rate of interest to the Prime Variable Rate, then the Prime Variable Rate, as defined below, plus five percent (5%).