Effect of Variable Rate definition
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: ____ 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. o The amount of the final payment will change. o __________________________________________________________________________________________. 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). o at a rate equal to _____________________________________________________________________________.
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: [ ] 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 w ill change.
The rate may not change more than % each Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: o 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: [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 ACTUAL/365 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 10 days after it is due, I agree -- to pay a late charge of 5.000% OF THE LATE PAYMENT WITH A MINIMUM OF $0.50 -------------------------------------------------- AND A MAXIMUM OF $100.00. ------------------------ [X] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which [X] are [ ] are not included in the principal amount above: $1,500.00 PROCESSING FEE. ------------------------ PAYMENTS: I agree to pay this note as follows: [X] Interest: I agree to pay accrued interest ON THE 17TH DAY OF EACH THIRD ----------------------------- MONTH BEGINNING OCTOBER 17, 1997 -------------------------------- [X] Principal: I agree to pay the principal JULY 17, 1998 ------------- [ ] Installments: 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 . -------------------------------------------------------------- ADDITIONAL TERMS: ----------------------------------- [ ] SECURITY: This note is PURPOSE: The purpose of this loan is separately secured by (describe BUSINESS: WORKING CAPITAL LINE OF CREDIT separate document by type and date): ---------------------------------------- SIGNATURES: I AGREE TO THE TERMS OF THIS (This section is for your internal NOTE (INCLUDING THOSE ON PAGE 2). I have use. Failure to list a separate received a copy on today's date. security document does not mean the agreement will not secure this note. ----------------------------------- CAUTION: IT IS IMPORTANT THAT YOU ----------------------------------- THOROUGHLY READ THIS CONTRACT BEFORE DISPOSITION OF FUNDS YOU SIGN IT. ---- ------...
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. [ ] _____________________________________________________________________________________________________________________ ACCRUAL METHOD: Interest will be calculated on a 365/360 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: [ ] on the same fixed or variable rate basis in effect before maturity (as indicated above). [ X ] at a rate equal to 11.00%.
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: [ ] The amount of each scheduled payment [ ] The amount of the final 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 the same fixed or variable rate basis in effect before maturity (as indicated above). [X] at a rate equal to Highest rate permitted by law [X] LATE CHARGE: If a payment is made more than ten (10) days after it is due, I agree to pay a late charge of five percent (5%) of the payment amount. [X] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which [ ] are [X] are not included in the principal amount above: $13.00 FILING FEE PAYMENTS: I agree to pay this note as follows: on demand, but if no demand is made then, [ ] Interest: I agree to pay accrued interest _________________________________ [ ] Principal: I agree to pay the principal ___________________________________ [X] Installments: I agree to pay this note in 36 payments. The first payment will be in the amount of $712.61 and will be due July 19, 2000. A payment of $712.61 will be due on the 19th day of each month thereafter. The final payment of the entire unpaid balance of principal and interest will be due June 19, 2003.
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. [X] Monthly Interest Bills Will Reflect Rate Changes. ACCRUAL METHOD: Interest will be calculated on a 365 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 a rate equal to ______________________________________________.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [ ] The amount of each schedules 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 [X] The amount of the final 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 the same fixed or variable rate basis in effect before maturity (as indicated above). [X] at a rate equal to Highest rate permitted by law