Common use of Applicable Rates of Interest Clause in Contracts

Applicable Rates of Interest. Effective October 1, 2004, each Advance shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise). The outstanding principal balance of the Swing Note and each Balance Funded Bank's Warehouse Note shall bear interest as follows: (i) at the per annum rate equal to one and one-quarter of one percent (1.25%) (the "Balance Funded Rate") for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's Warehouse Note which does not exceed the Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank, and (ii) at the per annum rate equal to LIBOR plus one and one-quarter of one percent (1.25%) for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's Warehouse Note which exceeds such Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank. The outstanding principal balance of each Warehouse Note for each Bank which is not a Balance Funded Bank shall bear interest at the per annum rate equal to LIBOR plus one and one-quarter of one percent (1.25%) (the "Base Rate")."

Applicable Rates of Interest. Effective October June 1, 20042005, each Advance shall bear interest inter-est on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise). The outstanding principal balance of the Swing Note and each Balance Funded Bank's ’s Warehouse Note shall bear interest as follows: (i) at the per annum rate equal to one and one-quarter of one percent (1.251.00%) (the "“Balance Funded Rate"”) for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's ’s Warehouse Note which does not exceed the Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank, and (ii) at the per annum rate equal to LIBOR plus one and one-quarter of one percent (1.251.00%) for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's ’s Warehouse Note which exceeds such Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank. The outstanding principal balance of each Warehouse Note for each Bank which is not a Balance Funded Bank shall bear interest at the per annum rate equal to LIBOR plus one and one-quarter of one percent (1.251.00%) (the "“Base Rate"”)."”

Applicable Rates of Interest. Effective October 1, 2004, each Each Advance shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise). The outstanding principal balance of the Swing Note and each Balance Funded Bank's Warehouse Note shall bear interest as follows: (i) at the per annum rate equal to one and onefour-quarter tenths of one percent (1.251.40%) (the "Balance Funded Rate") for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's Warehouse Note which does not exceed the Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank, and (ii) at the per annum rate equal to LIBOR plus one and onefour-quarter tenths of one percent (1.251.40%) for that portion of the Average Monthly Aggregate Outstanding Warehouse Balance of a Balance Funded Bank's Warehouse Note which exceeds such Average Monthly Available Deposits maintained by the Company with such Balance Funded Bank. The outstanding principal balance of each Warehouse Note for each Bank which is not a Balance Funded Bank shall bear interest at the per annum rate equal to LIBOR plus one and onefour-quarter tenths of one percent (1.251.40%) (the "Base Rate")."