Common use of Interest Rate and In-Lieu of Interest Charges Clause in Contracts

Interest Rate and In-Lieu of Interest Charges. (a) Each Recipient agrees to make all of its Payments according to the schedule in Exhibit E, and as otherwise set forth herein, at an interest rate of Written Interest Rate % (X%) per annum. (b) Interest will accrue beginning with each disbursement. (c) In lieu of, and not to exceed, interest otherwise due under this Agreement, each Recipient agrees to pay the following charge(s), as further set forth in Exhibit E: • an Administrative Service Charge • a Small Community Grant Fund Charge

Appears in 2 contracts

Samples: Construction Installment Sale Agreement, Construction Installment Sale Agreement

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Interest Rate and In-Lieu of Interest Charges. (a) Each The Recipient agrees to make all of its Payments according to the schedule in Exhibit E, and as otherwise set forth herein, at an interest rate of Written Interest Rate % one point sixty-five percent (X%1.65%) per annum. (b) Interest will accrue beginning with each disbursement. (c) In lieu of, and not to exceed, interest otherwise due under this Agreement, each the Recipient agrees to pay the following charge(s), as further set forth in Exhibit E: an Administrative Service Charge a Small Community Grant Fund Charge

Appears in 1 contract

Samples: Construction Installment Sale Agreement

Interest Rate and In-Lieu of Interest Charges. (a) Each The Recipient agrees to make all of its Payments according to the schedule in Exhibit E, and as otherwise set forth herein, at an interest rate of Written Interest Rate % zero and ninety hundredths percent (X%0.90%) per annum. (b) Interest will accrue beginning with each disbursement. (c) In lieu of, and not to exceed, interest otherwise due under this Agreement, each the Recipient agrees to pay the following charge(s), as further set forth in Exhibit E: • an Administrative Service Charge • a Small Community Grant Fund ChargeCharge B.2.4 [Reserved].‌

Appears in 1 contract

Samples: Agreement

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Interest Rate and In-Lieu of Interest Charges. (a) Each The Recipient agrees to make all of its Payments according to the schedule in Exhibit E, and as otherwise set forth herein, at an interest rate of Written Interest Rate % (X%) per annum. (b) Interest will accrue beginning with each disbursement. (c) In lieu of, and not to exceed, interest otherwise due under this Agreement, each the Recipient agrees to pay the following charge(s), as further set forth in Exhibit E: • an Administrative Service Charge • a Small Community Grant Fund ChargeCharge B.2.4 [Reserved].‌

Appears in 1 contract

Samples: Construction Installment Sale Agreement

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