Examples of Variable Rate Loans in a sentence
Unless otherwise specified in a part of the Mortgage other than these Terms, the following provisions in this paragraph apply only to Uncapped Variable Rate Loans and Capped Variable Rate Loans.
The provisions set forth above in paragraph 2(a)(ii)(A) of Part III above for Uncapped Variable Rate Loans apply to a Capped Variable Rate Loan, except that during the Term, the interest rate will never exceed the Cap Rate specified in the Loan Details Area showing same.
Single Currency Variable Rate Loans: Since October 1, 1997, the Bank has offered single currency variable rate loans.
Variable Rate Loans will not usually have an Early Repayment Charge.
Multi-Currency Variable Rate Loans: Between July 1, 1990 and September 30, 1997, the Bank offered variable rate loans to its borrowers.