Common use of Basis Points Clause in Contracts

Basis Points. These rates shall change from time to time effective concurrently with a change in the Prime Rate. Interest shall be due and payable commencing on June 1, 1998, and on the first day of each month thereafter until maturity of the Line of Credit Note, whether by acceleration or otherwise, and will be computed on the basis of a 360-day year over the actual number of days elapsed. If the Bank has not received accrued but unpaid interest as of the due date thereof (after any applicable cure period), the Bank shall have the right to disburse to itself the amount of such interest as of the date thereof and to add such amount to the principal balance of the Line of Credit.

Basis Points. These rates shall change from time to time effective concurrently with a change in the Prime Rate. Interest shall be due and payable commencing on June 1April 7, 19982003, and on the first seventh day of each month thereafter until maturity of the Line of Credit Note, whether by acceleration or otherwise, and will be computed on the basis of a 360-day year over the actual number of days elapsed. If the Bank has not received accrued but unpaid interest as of the due date thereof (after any applicable cure period), the Bank shall have the right to disburse to itself the amount of such interest as of the date thereof and to add such amount to the principal balance of the Line of Credit.

Basis Points. These rates shall change from time to time effective concurrently with a change in the Prime Rate. Interest shall be due and payable commencing on June 1, 19981997, and on the first day of each month thereafter until maturity of the Line of Credit Note, whether by acceleration or otherwise, and will be computed on the basis of a 360-day year over the actual number of days elapsed. If the Bank has not received accrued but unpaid interest as of the due date thereof (after any applicable cure period), the Bank shall have the right to disburse to itself the amount of such interest as of the date thereof and to add such amount to the principal balance of the Line of Credit.