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Loan Interest Rate
Sample Clauses
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Loan Interest Rate
.
Borrower shall
pay interest on the
principal amount of the Loan
from the
date of
the Loan until the Loan is
paid in full
, at a
per annum
rate of interest
equal to
the
Loan Rate
determined
in accordance with
the
definition of Loan
Rate. The Loan Rate
applicable to
the
Loan shall
not be subject to
change in
the absence of
manifest error
. All computations of
interest on the Loan
shall be
based on
a year
of 360 days and twelve 30 day months.
If Borrower
pays interest on
any Loan
which is determined to be in excess of the then legal
maximum rate
, then that portion of each
interest payment
representing an amount in excess of the then legal maximum rate shall be deemed a
payment of principal
and applied against the
principal of
the Loan.
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Loan Interest Rate
. The method as described in following Item (1) shall apply for
the determination of
loan interest rate and a simple
interest calculation
shall be applied:
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Loan Interest Rate
.
Borrower shall
pay
interest on the
unpaid principal amount
of
each Loan
from the
Funding Date
until such Loan has been
paid in full
, at a
per annum
rate of interest
equal to
the
Basic Rate
. All computations of
interest on each
Loan shall
be
based on
a year
of 360 days for
actual days
elapsed.
Notwithstanding any other provision
hereof, the amount of
interest payable
hereunder shall not in any event exceed the
maximum amount
permitted by the law
applicable to
interest charged
on
commercial loans
.
Sample 1
Sample 2
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Loan Interest Rate
.
Borrower shall
pay
interest on the
unpaid principal amount
of
each Loan
from the
Loan Commencement Date
until such Loan has been
paid in full
, at a
per annum
rate of interest
equal to
the
Basic Rate
, determined as of the date that is ten (10) Business Days
prior to the
Loan Commencement Date. The Basic Rate
applicable to
each
Loan shall
be fixed for the
Repayment Period
and shall not be subject to
change in
the absence of a
manifest error
. All computations of
interest on each
Loan shall be
based on
a year
of three hundred sixty (360) days for
actual days
elapsed.
Notwithstanding any other provision
hereof, the amount of
interest payable
hereunder shall not in any event exceed the
maximum amount
permitted by the
law applicable
to
interest charged
on
commercial loans
.
Sample 1
Sample 2
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Loan Interest Rate
.
The Borrower undertakes
to
pay interest
at a
rate of
10% (Ten Percent)
per annum
on the outstanding
principal amount of the Loan
from the
date of
the disbursement of principal under the Loan until such principal amount is repaid. Interest shall be payable quarterly
in arrears
in all
principal outstanding
during the
preceding quarter
. Interest shall be computed on the
basis of
a 365 day year for the actual
number of days
elapsed.
Sample 1
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Loan Interest Rate
.
Borrower shall
pay
interest on the
unpaid principal amount
of
each Loan
from the
Loan Commencement Date
until such Loan has been
paid in full
, at a
per annum
rate of interest
equal to
the
Basic Rate
. The Basic Rate shall be fixed for the
Repayment Period
and shall not be subject to
change in
the absence of a
manifest error
. All computations of
interest on each
Loan shall
be
based on
a year
of 360 days for
actual days
elapsed.
Notwithstanding any other provision
hereof, the amount of
interest payable
hereunder shall not in any event exceed the
maximum amount
permitted by the law
applicable to
interest charged
on
commercial loans
.
Sample 1
Sample 2
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Loan Interest Rate
. You will be charged interest on the
Contract Debt
at an
annual rate
equal to
5%.
Interest charged
will accrue daily beginning on
the day
the loan
is effective.
Sample 1
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Sample 3
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Loan Interest Rate
.
Borrower shall
pay to Bank
interest on the
outstanding principal balance
of
all Advances
obtained under
the Line of Credit
.
The interest rate
shall be
the Loan
Interest Rate. The Loan Interest Rate may change
from time to time
and the
interest payable
on the outstanding principal balance will fluctuate with
changes in
the Loan Interest Rate. Interest shall be computed daily on the
basis of
a 360 day year and charged on the
number of
actual days
Advances are outstanding.
Sample 1
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Loan Interest Rate
.
The Company shall
pay
interest on the
unpaid principal amount
of
each Loan
from
the Closing Date
until such Loan has been
paid in full
, at a
per annum
rate of interest
equal to
the
Basic Interest Rate
. All computations of
interest on each
Loan shall
be
based on
a year
of 360 days for
actual days
elapsed.
Notwithstanding any other provision
hereof, the amount of
interest payable
hereunder shall not in any event exceed the
maximum amount
permitted by the law
applicable to
interest charged
on
commercial loans
.
Accrued and unpaid interest
on each Loan shall be payable as follows:
first payment
on June 30, 2007 (the “
First Interest Payment Date
”) and thereafter quarterly
in arrears
or upon a Prepayment (as defined below). In any event, all unpaid principal and accrued and unpaid interest shall be
due and payable
in full on the earlier to occur of the (i)
Repayment Date
or (ii) the
Maturity Date
.
In addition to
payment of interest
,
the Lenders
shall be entitled to the
rights and benefits
conferred to them by Sections 3.2 and 3.3 below.
Sample 1
Sample 2
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Loan Interest Rate
.
The loan
interest rate is variable and will be set quarterly on the first
day of
each
calendar quarter
. It
will apply to
the outstanding loan
principal in
that calendar quarter. This rate will not exceed the greater of the "published
monthly average
" for the
calendar month
ending two months before the
beginning of
the calendar quarter, or the "interest rate in effect on
the contract
" plus 1%. The "
Sample 1
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