Examples of Initial Term Interest Rate in a sentence
Interest on the outstanding principal balance of the Loan shall accrue at the Initial Term Interest Rate or as otherwise set forth in this Agreement from (and including) the Closing Date to but excluding the Anticipated Repayment Date.
The term “Applicable Interest Rate” shall mean from (i) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (ii) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.
The term "Applicable Interest Rate" shall mean from (a) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (b) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.
The term "Initial Term Interest Rate" shall mean a rate of Seven and Six-Tenths percent (7.60%) per annum.
The term "APPLICABLE INTEREST RATE" shall mean from (a) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (b) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.