Common use of CONTRACT INTEREST RATE Clause in Contracts

CONTRACT INTEREST RATE. The principal balance of this Note shall bear interest at the rate of eight and twenty nine one hundredths percent (8.29%) per annum (the "Note Rate"). Interest shall be calculated on the basis of a 360-day year and computed each month in arrears on the basis of a 30-day month.

CONTRACT INTEREST RATE. The principal balance of this Note shall bear interest at the rate of eight Five and twenty nine one hundredths Seventy-Two One Hundredths percent (8.295.72%) per annum (the "“Note Rate"”). Interest shall be he calculated in arrears based on the basis of a 360-day year and computed each month in arrears on the basis of a 30having twelve thirty-day monthmonths.

CONTRACT INTEREST RATE. The principal balance of this Note shall bear interest at the rate of eight the lesser of (i) Five and twenty nine one hundredths Ninety-Seven One Hundredths percent (8.295.97%) per annum (the "“Note Rate"”) and (ii) the Maximum Lawful Rate (as defined in Section 24.1 below). Interest shall be calculated in arrears based on the basis of a 360-day year and computed each month in arrears on the basis of a 30having twelve thirty-day monthmonths.

CONTRACT INTEREST RATE. The principal balance of this Note shall bear interest at the rate of eight the lesser of (i) Three and twenty nine one hundredths Twenty-One One Hundredths percent (8.293.21%) per annum (the "“Note Rate"”) and (ii) the Maximum Lawful Rate (as defined in Section 24.1 below). Interest shall be calculated accrue based on the basis of a 360twelve thirty-day year and computed each month in arrears on the basis of a 30-day monthmonths.