Adjusted CD Rate Loans. Each Adjusted CD Rate Loan made by a Bank shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from time to time outstanding from the date of the Borrowing of such Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted CD Rate, payable on the last day of the applicable Interest Period and at maturity (whether by acceleration or otherwise) and, if the applicable Interest Period is longer than 90 days, on the date occurring every 90 days after the date of the Borrowing of such Loan. The interest rate applicable to an Adjusted CD Rate Loan shall be fixed during each Interest Period applicable to such Loan except as expressly provided in this Agreement with respect to adjustments for changes in the Applicable Margin, the CD Reserve Percentage or the Assessment Rate applicable to such Loan.
Adjusted CD Rate Loans. Each Adjusted CD Rate Loan made by a Bank shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is made until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted CD Rate, payable on the last day of the applicable Interest Period and at maturity (whether by acceleration or otherwise) and, if such Interest Period is longer than 90 days, on the date occurring every 90 days after the date such Loan is made.
Adjusted CD Rate Loans. Each Adjusted CD Rate Loan shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum determined by adding 1/2 of 1 % to the Adjusted CD Rate for such Interest Period, provided that if any Adjusted CD Rate Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Loan shall bear interest (which the Company promises to pay at the times herein provided), whether before or after judgment, until payment in full thereof, through the end of the Interest Period then applicable thereto at the rate per annum determined by adding 3% to the interest rate which would otherwise be applicable thereto, and effective at the end of such Interest Period such Adjusted CD Rate Loan shall thereafter bear interest at the rate per annum equal to the sum of 3% plus the Domestic Rate from time to time in effect. Interest on each Adjusted CD Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto and at maturity (whether by lapse of time, acceleration or otherwise) and, with respect to any Interest Period applicable to an Adjusted CD Rate Loan in excess of ninety (90) days, then on the date occurring every ninety (90) days after the date such Interest Period began and at the end of such Interest Period, and interest after maturity shall be due and payable upon demand. Each Adjusted CD Rate Loan shall be in a minimum amount of $1,000,000.
