Default Rate

Default Rate. Fourteen percent (14.0%)

Default Rate. Means, in respect of any amount not paid when due, a rate per annum during the period commencing on the due date until such amount is paid in full equal to a fixed rate of 2.00% above the rate of interest applicable to principal hereof (including the Margin) at the time of default until the end of the then current Interest Period and, thereafter, a floating rate 2% above the Variable Rate.

Default Rate. Means the default interest rate provided in the Note.

Default Rate. Shall mean two percent (2%) above the interest rate from time to time in effect that is applicable to Prime Rate Loans, as defined in the Credit Agreement, under Section 2.8(a) of the Credit Agreement.

Default Rate. Shall mean, in respect of any amount not paid when due, an interest rate of seven percent (7%) per annum, compounded quarterly, during the period commencing on the due date until such amount is paid in full.

Default Rate. Is 25% per annum compounded quarterly.

Default Rate. Except as provided below, 12.31% per annum; provided, however, that in those instances in the West Oaks Mortgage where the term "Default Rate" is used with respect to principal, interest or other sums under the Note, the "Default Rate" shall mean the applicable default interest rates provided for under the various promissory notes comprising the Note.

Default Rate. Means, in respect of any amount not paid when due, a rate per annum during the period commencing on the due date until such amount is paid in full equal to: (a) if an Alternate Base Rate Loan, a floating rate 2% above the rate of interest thereon (including any Margin); or (b) if a Eurodollar Loan or Money Market Loan, a fixed rate 2% above the rate of interest in effect thereon (including any Margin) at the time of default until the end of the then current Interest Period therefor... and, thereafter, a floating rate 2% above the Alternate Base Rate (including any Margin). View More

Default Rate. The lesser of (i) the Maximum Rate or (ii) the sum ------------- of the Prime Rate in effect from day to day plus five percent (5.00%).

Default Rate. Shall mean a rate per annum equal to the lesser of (i) the Prime Rate plus three (3) percentage points or (ii) the highest rate of interest permitted by law.