Common use of Note; Interest Calculation Clause in Contracts

Note; Interest Calculation. The Loan shall be evidenced by the Borrower's note of even date with this Agreement (which note and all amendments thereto and any additional or supplementary notes executed pursuant to this Agreement are herein referred to collectively as the "Note"). After demand, all principal and other amounts outstanding and payable under the Note shall bear interest at the rate of twenty percent (20%) per annum until paid in full. Interest shall be calculated on the basis of a 360-day year using the actual number of days elapsed.

Note; Interest Calculation. The Loan shall be evidenced by the Borrower's ’s note of even date with this Agreement (which note and all amendments thereto and any additional or supplementary notes executed pursuant to this Agreement are herein referred to collectively as the "“Note"”). After demand, all principal and other amounts outstanding and payable under the Note shall shall, at the Bank’s option, bear interest at the a rate of twenty which is four percent (204%) per annum until paid in fullgreater than that which would otherwise be applicable. Interest All computations of interest shall be calculated made on the basis of a three hundred sixty (360-) day year using and the actual number of days elapsed.