Common use of Initial Rate Clause in Contracts

Initial Rate. Interest shall accrue on the principal amount outstanding from time to time after the Closing Date until the Maturity Date at the Interest Rate.

Appears in 2 contracts

Sources: Note (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

Initial Rate. Interest shall accrue on the principal amount outstanding from time to time and after the Closing Date until the Maturity Date at the Interest Raterate of 12% per annum.

Appears in 1 contract

Sources: Loan Agreement (Balanced Care Corp)