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20110314� d. No Cross-Default. During the term of the Third Party Loan, Third Party Lender will not exercise any cross-default, "deern at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand prior to maturity unless the loan is in default. e. Maturity and Balloon Pa, ents. The Third Party Loan has a term of at least 7 years when the 5041oan is for a term of 10 years and 10 years when the 504 loans is for 20 years. If there is more than one Third Party Loan, an overall loan maturity must be calculated, taking into account the maturities and amounts of each loan. If there is a balloon payment, it must be clearly identified in the Authorization. f. Reasonable Interest Rate. The 'Third Party Loan has a reasonable interest rate which does not and will not exceed the ma�cimum interest rate for Third Party Loans from commercial financial institutions as published periodically by SBA in the Federal Register and in effect as of the date of this agreement. 6. No Preference. No Third Party Lender shall establish a preference beyond its rights as a senior lender on the Third Pariy Loan without the prior written consent of CDC/SBA. See 13 C.F.R. § 120.10 for a definition of preference. If the Third Pariy Lender does take additional collateral or otherwise have a preference, in the case of liquida.tion, any proceeds received as a result of a preference must be applied to the Third Party Lender's debt prior to the proceeds from the liquidation of the common collateral held by the CDC/SBA and the Third Party Lender. 7. Notice of Default under the Third P Loan. In the event of a default under the Third Party Loan or Third Party Lien, 'Third Party Lender must give CDC and SBA written notice, referencing the loan number for the 5041oan, of such default within thirty (30) days of the event of default and at least sixty (60) days prior to Third Party Lender's foreclosure upon the Common Collateral. 8. Certification as to Default Interest Ra.te as Against Borrower Third Party Lender may not escalate the ra.te of interest upon default to a rate greater than the maximum ra.te published by SBA in the Federal Register from commercial financial institutions in effect as of the date of this Agreement. SBA will only pay the interest rate on the note in effect before the date of Borrower's default. SBA Form 2287 (September 2010)