Common use of INDEX RATE Clause in Contracts

INDEX RATE. The index will serve only as a device for setting the interest rate on this note. You do not guarantee by selecting this index, or the margin, that the interest rate on this note will be the same rate you charge on any other loans or class of loans you make to me or other borrowers. POST MATURITY RATE – For purposes of deciding when the "Post Maturity Rate" (shown on page 1) applies, the term "maturity" means the date of the last scheduled payment indicated on page 1 of this note or the date you accelerate payment on the note, whichever is earlier.

INDEX RATE. The index will serve only as a device for setting the interest rate on this note. You do not guarantee by selecting this index, or the margin, that the interest rate on this note will be the same rate you charge on any other loans or class of loans you make to me or other borrowers. POST MATURITY RATE – For purposes of deciding when the "“Post Maturity Rate" ” (shown on page 1) applies, the term "“maturity" ” means the date of the last scheduled payment indicated on page 1 of this note or the date you accelerate payment on the note, whichever is earlier.

INDEX RATE. The index will serve only as a device for setting the interest rate on this noteNote. You do not guarantee by selecting this index, or the margin, that the interest rate on this note will be the same rate you charge on any other loans or class of loans you make to me or other borrowers. POST MATURITY RATE – For purposes of deciding when the "“Post Maturity Rate" ” (shown on page 1) applies, the term "“maturity" ” means the date of the last scheduled payment indicated on page 1 of this note Note or the date you accelerate payment on the noteNote, whichever is earlier.