Common use of Calculation of Borrower Rate; Simple Interest Disclosure Clause in Contracts

Calculation of Borrower Rate; Simple Interest Disclosure. For informational purposes, as of the date hereof, the Prime Rate is 3.25% per annum thus producing an initial Borrower Rate as of the date hereof of 5.85% per annum, expressed in simple interest terms. The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360 day year.

Calculation of Borrower Rate; Simple Interest Disclosure. For informational purposes, as of the date hereof, the Prime Rate is 3.25% per annum thus producing an initial Borrower Rate as of the date hereof of 5.855.63% per annum, expressed in simple interest terms. The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360 day year.

Calculation of Borrower Rate; Simple Interest Disclosure. For informational purposes, as of the date hereof, the Prime Rate is 3.25% per annum thus producing an initial Borrower Rate as of the date hereof of 5.856% per annum, expressed in simple interest terms. The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360 day year.

Calculation of Borrower Rate; Simple Interest Disclosure. For informational purposespurposes only, as of the date hereof, the Prime Rate is 3.258.0% per annum annum, thus producing an initial Borrower Rate expressed in simple interest terms as of the date hereof of 5.859.0% per annum, expressed in simple interest terms. The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360 day year.

Calculation of Borrower Rate; Simple Interest Disclosure. For informational purposes, as of the date hereof, the Prime Rate is 3.25% per annum thus producing an initial Borrower Rate as of the date hereof of 5.855.65% per annum, expressed in simple interest terms. The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360 day year.