Default Rate

Default Rate. Fifteen percent (15%) per annum.

Default Rate. Means the Interest Rate plus five percent (5%) per annum.

Default Rate. The lesser of (1) the rate of twelve percent (12%) per annum, and (2) the maximum rate of interest then permissible for a commercial loan to Tenant in the State.

Default Rate. Shall mean the lesser of: (i) the maximum rate of interest permitted by applicable law which may be charged on the outstanding principal amount of this Note and (ii) the LIBOR Rate plus the Applicable Margin or 'the Variable Rate', in each instance as then in effect, plus 2.00% per annum.

Default Rate. The rate per annum equal to the lesser of (A) the sum of 3% plus the interest rate otherwise in effect from time to time under this Note and (B) the Maximum Rate.

Default Rate. Means 10.0% per annum, compounded daily.

Default Rate. Means on each day of its determination the prime rate reflected in the Money Rates section of The Wall Street Journal plus two percent (2%).

Default Rate. Shall mean the lesser of eighteen percent (18%) per annum or ------------ the highest rate of interest allowed by applicable law.

Default Rate. Shall mean the following: (a) with respect to Section 2(b)(i): (i) for the first thirty-day period (or portion thereof) that the Interfering Event exists, 0.5% of the Outstanding Principal Amount; and (ii) for the second thirty-day period (or portion thereof) that the Interfering Event exists, an additional 1.0% of the Outstanding Principal Amount;... and (iii) for each thirty-day period (or portion thereof) thereafter that the Interfering Event exists, an additional 0.5% of the Outstanding Principal Amount (so that, for example, if an Interfering Event described in Section 2(b)(i) were to persist for more than 90 days, the Default Rate for days 91-120 would be 2% of the Outstanding Principal Amount). (b) with respect to Section 2(b)(ii), (iii) and (iv) hereof: (i) for the first thirty-day period (or portion thereof) that the Interfering Event exists, 2.0% of the Outstanding Principal Amount; and (ii) for each additional thirty-day period (or portion thereof) thereafter that the Interfering Event exists, an additional 1.5% of the Outstanding Principal Amount. View More

Default Rate. Means 2.50% plus the then applicable interest rate.