Past Due Rate

Past Due Rate. Means, on any day, a rate per annum equal to the Ceiling Rate for that day, or only if applicable law imposes no maximum nonusurious rate of interest for that day, then the Past Due Rate for that day shall be a rate per annum equal to eighteen percent (18%) per annum.

Past Due Rate. Shall mean the Interest Rate plus a two percent (2%) margin per annum. The Past Due Rate shall be computed on the basis of the actual number of days elapsed in a year composed of 360 days.

Past Due Rate. Means, on any day, a rate per annum equal to the Stated Rate plus two percent (2%) per annum.

Past Due Rate. Means a rate per annum equal to ten percent (10%) per annum.

Past Due Rate. On any day, a rate per annum equal to the lesser of (i) 12% per annum or (ii) the Maximum Rate.

Past Due Rate. Means the lesser of (a) the rate of five percent (5%) per annum plus the interest rate set forth in Section 2(a) of this Note or (b) the Highest Lawful Rate.