Variable Rate Advances. If you made only the minimum payments and took no other credit advances, it would take 300 months to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 3.74%. During that period, you would make 120 monthly payments of $100.00, followed by 179 monthly payments of $0.01 and a final payment of $1.01.
Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until Maturity of the Loan, unless sooner converted, in whole or in part, to an Effective LIBO Rate Advance, subject to the limitations and conditions set forth in this Agreement.
Variable Rate Advances. For Advances denominated in Dollars, a variable rate per annum equivalent to an index for a variable interest rate which is quoted, published or announced from time to time by the Bank as its reference rate (the "Reference Rate") and as to which loans may be made by the Bank at, below or above such Reference Rate (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the Reference Rate. An Advance which bears interest at the Variable Rate is hereinafter referred to as a "Variable Rate Advance".
Variable Rate Advances. A variable rate per annum ---------------------- equivalent to the Reference Rate plus the Applicable Margin (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the Reference Rate. An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance".
Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until Maturity, unless sooner converted, in whole or in part, to a Eurodollar Advance, subject to the limitations and conditions set forth in this Note.
Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until the Maturity of the Loan, unless sooner converted by Borrower pursuant to Section 3.1.1 hereof, in whole or in part, to a Eurodollar Advance, subject to the limitations and conditions set forth in this Note.
Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until the Maturity Date, unless sooner converted or prepaid, in whole or in part, to a Libor Rate Advance, subject to the limitations and conditions set forth in this Note.
Variable Rate Advances. The Borrower hereby promises and agrees to pay interest on all Variable Rate Advances monthly on the last day of each month, commencing on April 30, 1996.
Variable Rate Advances. On June 30, 1997 the full aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon shall be due and payable to the Bank. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.
Variable Rate Advances. In the case of any Advance which is to be a Variable Rate Portion, Borrower, acting through an authorized officer, shall give Lender prior to 10:00 a.m., Dallas, Texas time, on the date of any such proposed Advance, an irrevocable Notice of Borrowing stating Borrower's intention to borrow or reborrow such Variable Rate Advance hereunder. Such Notice of Borrowing shall specify the requested funding date, which shall be a Business Day and the amount of the proposed Variable Rate Portion to be advanced by Lender, and shall be accompanied by the documents required to be delivered pursuant to ARTICLE IV.
