Interest on Loans; Terms of Loan Agreements. (a) Each of the Loans shall bear interest at the Borrower Rate specified by the Sponsor in the applicable Funding Approval Notice and interest on the Loans shall be calculated based upon the actual number of days elapsed in a 360-day year. (b) Each of the Loan Agreements shall require that the applicable Borrower thereunder comply with the following financial covenant[s]:
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Samples: Loan Facility Agreement and Guaranty (Aaron's Inc), Servicing Agreement (Aaron's Inc)
Interest on Loans; Terms of Loan Agreements. (a) Each of the Loans shall bear interest at the Borrower Rate specified by the Sponsor in the applicable Funding Approval Notice and interest on the Loans shall be calculated based upon the actual number of days elapsed in a 360-365 or 366 day year.
(b) Each of the Startup Franchisee Loan Agreements shall require that the applicable Startup Franchisee Borrower thereunder comply with the following financial covenant[s]covenants:
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Interest on Loans; Terms of Loan Agreements. (a) Each of the Loans shall bear interest at the Borrower Rate specified by the Sponsor in the applicable Funding Approval Notice and interest on the Loans shall be calculated based upon the actual number of days elapsed in a 360-360 day year.
(b) Each of the Startup Franchisee Loan Agreements shall require that the applicable Startup Franchisee Borrower thereunder comply with the following financial covenant[s]covenants:
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