Default Rate

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

Default Rate. Shall mean the lesser of 18.0% per annum or the highest rate ------------ of interest allowed by applicable law.

Default Rate. Means 18.50%.

Default Rate. Means a rate of interest equal to the Stated Interest Rate plus three (3) percentage points per annum.

Default Rate. Will mean two percent (2%) per annum in excess of the then current rate of interest in effect under this Note, but not more than the highest rate permitted by law.

Default Rate. Means the greater of (a) the Prime Rate plus ten percent (10%) and (b) fifteen percent (15%).

Default Rate. Shall mean the rate per annum which is five percent (5%) above the Compass Bank Index Rate.

Default Rate. Means, in respect of any amount not paid when demanded, a rate per annum during the period commencing on the date of demand until such amount is paid in full equal to: (a) if a Prime Loan, a floating rate of 2% above the rate of interest thereon; (b) if a Eurodollar Loan or Money Market Loan, a fixed rate of 2% above the rate of interest in effect thereon at the time of demand 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. View More

Default Rate. Means (i) for Advances bearing interest at the Floating Rate, an annual rate equal to two percent (2%) over the Floating Rate, which rate shall change when and as the Floating Rate changes and (ii) for Advances bearing interest at the Overadvance Floating Rate, an annual rate equal to two percent (2%) over the Overadvance Floating Rate, which rate shall change when and as the Overadvance Floating Rate changes.

Default Rate. Means, from day to day, an annual rate of interest equal to the lesser of (a) the 18% and (b) the Maximum Rate.