Common use of Alteration of Rates Clause in Contracts

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. 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 Rate, by giving one months notice by any method the Lender deems appropriate including electronic media, regional and local newspapers or any other manner required by the CCCFA.

Alteration of Rates. The Lender agrees not to alter the Interest Rate applicable to a Loan during any Fixed Interest Rate Period. Provided however that the Lender shall be entitled to charge Default Interest during any such period in accordance with the provisions of clause 6.3. 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. The Lender agrees not to alter the Interest Rate applicable to a Loan during any Fixed Interest Rate Period. Provided however that the Lender shall be entitled to charge Default Interest during any such period in accordance with the provisions of clause 6.3. 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 CCCFAtheCCCFA.