Adjustable Interest Rate. Interest shall accrue at the Adjustable Rate.
Adjustable Interest Rate. (a) IMLR: % per annum (as on the date of execution of this Agreement)
Adjustable Interest Rate. The interest rate shall be adjusted annually on January 1 of each year (the "Change Date") so as to equal the average interest rate designated as the "Introduction Rates" on adjustable rate loans as publicly offered by the banks and savings and loans in California as published by the Los Angeles Times in its Sunday edition. The rate shall be set using the rates published in the Los Angeles Times on the Sunday immediately preceding the Change Date. In the event that the "Introduction Rates" list is not published in the Los Angeles Times for any reason, then, in such event, the Payee shall establish the interest rate based on a survey by it of the introductory interest rates on adjustable loans offered by no fewer than five banking institutions located in Southern California that the Payee, in its sole discretion, deems representative of banking institutions in the Ventura and Los Angeles County areas. Payee shall give Staff Member notice if the interest rate shall be determined using this alternative method. Notwithstanding the foregoing, the interest rate shall never be increased or decreased on any single Change Date by more than one percentage point from the interest rate for the preceding 12 months. At no time during the term of this Note shall the annual interest rate exceed 7.4% per annum. Payee shall deliver or mail to Staff Member a notice of any changes in the adjustable interest rate on this Note and the amount of the Staff Member's semi-monthly payroll deductions before the effective date of any change. The notice shall include information required by law to be given to Staff Member and also the title and telephone number of a person who shall answer any questions Staff Member may have regarding the notice.
Adjustable Interest Rate. This section explains how we calculate rates and interest charges applicable to your account. This VISA loan has a variable rate, which means that your APR may increase or decrease each billing cycle while you maintain your account with us.
Adjustable Interest Rate. For purposes of Sections 1.1, 1.6, 1.12 and 13.9, the interest rate shall be adjusted as of the first day of each calendar quarter and shall be equal to the per annum “prime rate” as published in the Wall Street Journal on the last business day of the immediately preceding calendar quarter plus 2%; provided, however, that in no event shall such interest rate exceed 8.0% per annum.
Adjustable Interest Rate. The interest rate shall be composed of LPR and BPS published by the People's Bank of China (or its authorized unit). During the performance of the contract, LPR shall be determined according to the announcement of the People's Bank of China (or its authorized unit), and BPS shall remain unchanged at all times. The loan interest rate under this Contract is adjusted on an annual basis. The first interest rate adjustment day shall be the day corresponding to the next year of the loan issuing date. In the whole adjustment month, if there is no corresponding day corresponding to the loan issuing date, the last day of the month shall be the interest rate adjustment day. The applicable LPR shall be the LPR last published by the People's Bank of China (or its authorized unit) on the interest rate adjustment day. During the term of the contract, the interest rate / (optional plus or minus) / basis point (1 basis point =0.01%) o the annual interest rate for the first period of the loan is / %, of which the current loan market quoted rate (LPR) is / .
Adjustable Interest Rate. The Interest Rate will be based on the Index and will be adjusted periodically as the Index changes. The Interest Rate is a variable or floating rate and shall be the sum of the Wall Street Journal Prime Rate (the “Index”) and One-Quarter of One Percentage Point (0.25%) (the “Margin”), (The Index and Margin are collectively the Rate). The interest rate determined shall be adjusted from time to time on the effective date of any changes to the Index as stated by the Wall Street Journal. If at any time the index is no longer available, Bank, with notice to Borrower, will choose a new Index that is based on comparable information.
Adjustable Interest Rate calculated as a 20% increase in the same-category base interest rate promulgated by the People’s Bank of China on the Actual Release Day. The loan interest rate will be adjusted by Party A every one month (adjustment cycle) from the value date of the loan.
Adjustable Interest Rate calculated as a 20% increase in the same-category base interest rate promulgated by the People’s Bank of China on the Actual Release Day. The loan interest rate will be adjusted by Party A every one month (adjustment cycle) from the value date of the loan. Upon expiration of an adjustment cycle, the interest rate will be re-adjusted to a 20% increase of the same-category base interest rate promulgated by the People’s Bank of China on the Re-Adjustment Day. The re-adjustment day is the day in the current month corresponding to the value date of the loan. If there is no such a day corresponding to the value date in the current month , then the last day of the month will become the re-adjustment day. Within the term of the loan, if the People’s Bank of China happens to adjust the base interest rate, Party A may adjust the loan interest rate as stipulated herein without Party B’s consent.
