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 payment: [ ] The amount of each scheduled [ ] The amount of the final payment will payment will change. change. [ ] . -------------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 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: [X] on the same fixed or variable rate basis in effect before maturity ( as indicated above ). [ ] at the rate equal to . ---------------------------------------------------- [ ] 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: [ ] Interest: I agree to pay accrued interest -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- [ ] Principal: I agree to pay the principal -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- [X] Installments: I agree to pay this note in 24 payments. The first ---------- payment will be in the amount of $ $66,532.65 and will be due 5/12/2002. --------------------- ---------- A payment of $ $66,532.65 will be due 12TH OF EACH MONTH --------------------- ---------------------------------- thereafter. The final payment of the entire unpaid balance of the principal and interest will be due 4/12/2004 . ----------------------------------------------------------- ADDITIONAL TERMS; ALL INVENTORY NOW OWNED AND HEREAFTER ACQUIRED BY DEBTOR WHEREVER LOCATED, EXCEPT PARTS INVENTORY --------------------------------- 0000 X XX XXX 00 [X] SECURITY: This note is XXXXXX, XX 00000 separately secured by (describe separate document by type and date): SEC AGRMT DATED 4/12/2002 (This section is for your internal se. failure to list a separate security doc...
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: 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.
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: ___ The amount of each scheduled payment will change.
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: [ ] The amount of each scheduled payment will change. [ ] The amount of the final payment will change. [ ] ___________________________________________________________________.
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:
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: [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.
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 amount of the final payment will change. [XX] THE AMOUNT DUE AT MATURITY 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,