Interest Rate and Payment Date. (a) Each Loan shall bear interest during each Loan Interest Period at a rate per annum equal to the Loan Rate. The Holdback Amount shall bear interest during each Loan Interest Period at a rate per annum equal to the Holdback Amount Rate.
Appears in 8 contracts
Samples: Loan Agreement (Cit Equipment Collateral 2004-Vt1), Loan Agreement (Cit Equipment Collateral 2002-Vt1), Loan Agreement (Cit Equipment Collateral 2000-1)