Common use of Effective Rate Clause in Contracts

Effective Rate. Borrower agrees to an effective rate of interest that is the rate specified in this Note plus any additional rate resulting from any other charges in the nature of interest paid or to be paid in connection with this Note.

Appears in 4 contracts

Sources: Promissory Note (Medical Asset Management Inc), Change in Terms Agreement (Reconditioned Systems Inc), Promissory Note (World Wide Stone Corp)

Effective Rate. Borrower agrees to an effective rate of interest that is the rate specified in this Note Agreement plus any additional rate resulting from any other charges in the nature of interest paid or to be paid in connection with this NoteAgreement.

Appears in 2 contracts

Sources: Change in Terms Agreement (Innsuites Hospitality Trust), Change in Terms Agreement (MedAire, Inc.)