Common use of Effective Rate Clause in Contracts

Effective Rate. Borrower agrees to pay an effective rate of interest that is the sum of (i) the interest rate provided in this Agreement and (ii) any additional rate of interest resulting from any other charges or fees paid or to be paid in connection herewith that are determined to be interest or in the nature of interest.

Appears in 3 contracts

Samples: Modification Agreement (Crescent Operating Inc), Credit Loan Agreement (Crescent Operating Inc), Loan Agreement (Udc Homes Inc)

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Effective Rate. Borrower hereby agrees to pay an effective effective, contracted-for rate of interest that is the sum of (i) the interest rate provided for in this Agreement and (ii) as in effect from time to time), together with any additional rate of interest resulting from any other charges of interest or fees in the nature of interest paid or to be paid in connection herewith that are determined with the Revolving Loans, including any fees to be interest paid by Borrower pursuant to the provisions of the Loan Documents or in the nature of interestFee Letter.

Appears in 2 contracts

Samples: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)

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