Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: x The amount of each scheduled payment will change. o The amount of the final payment will change. o _N/A__________________________________________________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a _Actual/Actual____________ basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: oon the same fixed or variable rate basis in effect before maturity (as indicated above). x at a rate equal to _4% in excess of the interest rate stated above that applied before maturity_________________________________.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: /XX/ The amount of each scheduled payment will change. /XX/ The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: /X/ on the same fixed or variable rate basis in effect before maturity (as indicated above). / / at a rate equal to__________________________.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: XX The amount of each scheduled payment will change. XX The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: on the same fixed or variable rate basis in effect before maturity (as indicated above). XX at a rate equal to_HIGHEST RATE PERMITTED BY LAW. LATE CHARGE: If a payment is made more than _______ days after it is due, I agree to pay a late charge of____________. ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which ___ are ___ are not included in the principal amount above:_________________________________ PAYMENTS: I agree to pay this note as follows: XX INTEREST: I agree to pay accrued interest ON THE 12TH DAY OF EACH MONTH BEGINNING DECEMBER 12, 1996 XX PRINCIPAL: I agree to pay the principal MARCH 12, 1997 INSTALLMENTS: I agree to pay this note in _____ payments. The first payment will be in the amount of $_________ and will be due ___________. A payment of $_______________will be due ____________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due ___________________. ADDITIONAL TERMS: SEE SEPARATE SECURITY AGREEMENT DATED SAME THIS WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT PURPOSE: The purpose of this loan is BETWEEN THE PARTIES AND MAY BUSINESS: PURCHASE EQUIPMENT NOT BE CONTRADICTED BY EVIDENCE ----------------------------- OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF ----------------------------- THE PARTIES. SIGNATURES: I agree to the terms of this note (including those on Page 2). I have Received a copy on today's date. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. Signature for Lender INNOSERV TECHNOLOGIES, INC. /s/ XXXXXX X. VON DER AHE BY: /s/ XXXXXXX X. XXXX ------------------------------- ------------------------------------ XXXXXX X. VON DER AHE, PRESIDENT XXXXXXX XXXX, PRESIDENT APPLICABLE LAW: The law of the state of Texas will govern this note. Any term of this note which is contrary to applicable law will not be effective, unless the law permits you and me to agree to such a variation. If any provision of this agreement cannot be enforced according to its terms, this fact will not affect the enforceability of the remainder of this a...
Examples of Effect of Variable Rate in a sentence
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: [X] The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: [ ] The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: XX The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: ¨ The amount of each scheduled payment will change.
The two additional Variable Rate Notes provide that the rate is the Index minus 1.85%.and other charges on this Note will never exceed the highest rate or charge allowed by law for this Note.(4) Effect of Variable Rate.
More Definitions of Effect of Variable Rate
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: X The amount of each X The amount of the final - scheduled payment will change - payment will change. _ ______________________________________________________________________ ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. ---------- POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below. _ on hte same fixed or variable rate basis in effect before maturity (as indicated below). X at a rate equal to 10.00% PER ANNUM - ----------------
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: _XX_ The amount of each scheduled payment will change. _XX_ The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: ____ on the same fixed or variable rate basis in effect before maturity (as indicated above). _XX_ at a rate equal to 18.00%.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments:
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [X] The amount of each scheduled payment will change. [X] The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a 360/ACTUAL basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [X] on the same fixed or variable rate basis in effect before maturity (as indicated above). [ ] at a rate equal to . ---------------------------------------------------- [X] LATE CHARGE: If a payment is made more than 15 days after it is due, I agree to pay a late charge of 4.000 PERCENT OF THE PAYMENT. [ ] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which [ ] are [ ] are not included in the principal amount above: ------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: [X] Interest: I agree to pay accrued interest MONTHLY BEGINNING 12/31/1996. [X] Principal: I agree to pay the principal ON 08/31/1997. [ ] Installment: I agree to pay this note in payments. The first payment will be in the amount of $ . and will be due . A payment of $ will be due thereafter. The final payment of the entire unpaid balance of principal and interest will be due .
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: ¨ The amount of each scheduled payment will change. x The amount of the final payment will change. ¨ . ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: ¨ on the same fixed or variable rate basis in effect before maturity (as indicated above). x at a rate equal to RATE AT MATURITY PLUS 5% .
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: MUM ALLOWED BY LAW |_| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| ______________________________________________________________________ ACCRUAL METHOD: Interest wilt xx calculated on a 365 DAY basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: |_| on the same fixed or variable rate basis in effect before maturity (as indicated above). |X| at a rate equal to THE MAXIMUM ALLOWED BY LAW.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [ ] The amount of each schedules payment will change.