Interest Accrual. Interest on the principal amount outstanding on this Note shall accrue at the rate provided for in the Agreement, adjusted as provided for in the Agreement. Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed.
Appears in 6 contracts
Samples: Long Term Revolving Note (Highwater Ethanol LLC), Long Term Revolving Note (Highwater Ethanol LLC), Long Term Revolving Note (Highwater Ethanol LLC)
Interest Accrual. Interest on the principal amount outstanding on this Note shall accrue at the rate provided for in the Agreement, adjusted as provided for in the Agreement. Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed.
Appears in 6 contracts
Samples: Variable Rate Note (Highwater Ethanol LLC), Variable Rate Note (Highwater Ethanol LLC), Variable Rate Note (Highwater Ethanol LLC)
Interest Accrual. Interest on the principal amount outstanding on this Note shall accrue at the rate provided for in the AgreementAGREEMENT, adjusted as provided for in the AgreementAGREEMENT. Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed.
Appears in 3 contracts
Samples: Construction Loan Agreement (Highwater Ethanol LLC), Variable Rate Note (Highwater Ethanol LLC), Variable Rate Note (Highwater Ethanol LLC)
Interest Accrual. Interest on the principal amount outstanding on this Note shall accrue at the rate provided for in the AgreementAGREEMENT, adjusted and adjusting as provided for in the AgreementAGREEMENT. Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed.
Appears in 2 contracts
Samples: Construction Loan Agreement (Highwater Ethanol LLC), Fixed Rate Note (Highwater Ethanol LLC)