Common use of Frequency and Timing Clause in Contracts

Frequency and Timing. The rate on this note may change as often as every day beginning 10-02-2003. A change in the interest rate will take effect on the same day.

Frequency and Timing. The rate on this note may change as often as every day beginning 10EVERY DAY BEGINNING 04-0203-20032003 . A change in the interest rate will take effect on the same dayON THE SAME DAY .