Common use of Limits on Interest Rate Changes Clause in Contracts

Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not be greater than 7.30% or less than 5.30%. Thereafter my interest rate will never be increased or decreased on any single Change Date by more than one percentage point (1.0%) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan.

Appears in 2 contracts

Samples: Participation Loan Pool Agreement, Participation Loan Pool Agreement

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Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not be greater than 7.301834:LN_IntrstPrcntFirstMax_%3% or less than 5.301141:LN_IntrstPrcntMin_%3%. Thereafter Thereafter, my adjustable interest rate will never be increased or decreased on any single Change Date by more than one two percentage point (1.0%) points from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan.1140:LN_IntrstPrcntMax_%3%. Form 2130 MT5007 6/13/11 1125:LN_AcctNum

Appears in 1 contract

Samples: mtol.vertasource.com

Limits on Interest Rate Changes. The interest Interest rate I am required to pay at the first Change Date will not be greater than 7.308.875% or less than 5.304.875%. Thereafter Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than one two percentage point points (1.02.0%) from the rate of interest I have been paying for the preceding 12 36 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan11.875%.

Appears in 1 contract

Samples: Extension and Modification Agreement Words Used (FNB Rochester Corp)

Limits on Interest Rate Changes. The During the first 300 months of this loan, the interest rate I am required to pay at the first any Change Date will not be greater than 7.30% or less than 5.3018.00%. Thereafter Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than one percentage point (1.0%) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan18.00%.

Appears in 1 contract

Samples: Scheid Vineyards Inc

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Limits on Interest Rate Changes. The During the first 300 months of the loan, the interest rate I am required to pay at the first any Change Date will not be greater than 7.30% or less than 5.3018.00%. Thereafter Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than one percentage point (1.0%) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan18.00%.

Appears in 1 contract

Samples: Scheid Vineyards Inc

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