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Fill in the gaps with the correct prepositions.
Default Interest
In the event of the Borrower’s failure to make any payment due
(1 p.)
this Agreement, the Borrower shall pay interest
(1 p.)
the overdue amount at a rate equal to the Interest Rate plus (insert percentage)% per annum ("Default Interest Rate"). Default Interest shall accrue
(1 p.)
the date of default until the date such overdue amount is paid
(1 p.)
full.
Capitalization of Interest
To the extent permitted
(1 p.)
applicable law, any unpaid interest that remains outstanding
(1 p.)
a period exceeding (insert period) shall be capitalized and added to the Principal Amount of the Loan, thereby accruing interest
(1 p.)
the applicable Interest Rate.
Prepayment of Interest
The Borrower may,
(1 p.)
its sole discretion and without penalty, prepay any accrued interest
(1 p.)
full or
(1 p.)
part, provided that such prepayment is accompanied by a written notice to the Lender
(1 p.)
least (insert number) Business Days prior
(1 p.)
the prepayment date.
Adjustments to Interest Rate
The Lender reserves the right to adjust the Interest Rate in accordance with changes in the (insert reference rate, e.g., LIBOR, SOFR, or any other index rate), provided that any such adjustment shall be communicated to the Borrower
(1 p.)
writing no less than (insert number) days prior
(1 p.)
its effective date.
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