Alteration of Rates. The Lender agrees not to alter the Interest Rate applicable to a Loan during any Fixed Interest Rate Period. Where the Interest Rate is a floating rate, the Lender may alter the Interest Rate from time to time to reflect changes to market interest rates. The Lender will notify the Borrower and, if required by law, each other Obligor of any alteration to the Interest Rate in the manner required by the CCCFA.
Alteration of Rates. NBS agrees not to alter the Interest Rate applicable to a Loan during any Fixed Interest Rate Period. Where the Interest Rate is a variable rate, we may alter the Interest Rate from time to time to reflect changes to market interest rates. NBS will notify the Borrower and, if required by law, each other Obligor of any alteration to the Interest Rate, by giving 14 day’ notice by any method we may deem appropriate including electronic media, regional and local newspapers or any other manner required or permitted by the CCCFA.