Common use of Interest Rate and Payment Clause in Contracts

Interest Rate and Payment. The Borrower unconditionally promises and agrees to pay, as and when due, interest on all amounts advanced hereunder from the date of each Advance and to repay all amounts advanced hereunder with interest on the date this Agreement terminates as provided herein. Interest shall be due and payable in accordance with CFC's regular billing cycles as may be in effect from time to time. CFC shall send a payment notice to the Borrower at least five days prior to the due date of any interest payment. All amounts shall be payable at CFC's main office at Woodland Park, 2201 Cooperaxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000-0000 xx xx xxxx other location as designated by CFC from time to time. The interest rate on all Advances will be equal to the total rate per annum as may be fixed by CFC from time to time, which shall not exceed the Prevailing Bank Prime Rate (as defined herein), plus one percent per annum. Interest will be computed on the basis of a 365 day year for the actual number of days that any Advance is outstanding. The effective date of an interest rate adjustment will be determined from time to time by CFC, provided that no such adjustment may be effective on a date other than the first or sixteenth day of any month, and any such adjustment shall remain in effect until any subsequent change in the interest rate occurs.

Interest Rate and Payment. The Borrower unconditionally promises and agrees to pay, as and when due, interest on all amounts advanced hereunder from the date of each Advance and to repay all amounts advanced hereunder with interest on the date this Agreement terminates as provided herein. Interest shall be due and payable in accordance with CFC's regular billing cycles as may be in effect from time to time. CFC shall send a payment notice to the Borrower at least five days prior to the due date of any interest payment. All amounts shall be payable at CFC's main office at Woodland Park, 2201 Cooperaxxxx 0000 Xxxxxxxxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000-0000 xx xx xxxx or at such other location as designated by CFC from time to time. The interest rate on all Advances will be equal to the total rate per annum as may be fixed by CFC from time to time, which shall not exceed the Prevailing Bank Prime Rate (as defined herein), plus one percent per annum. Interest will be computed on the basis of a 365 day year for the actual number of days that any Advance is outstanding. The effective date of an interest rate adjustment will be determined and published from time to time by CFC, provided that no such adjustment may be effective on a date other than the first or sixteenth day of any month, and any such adjustment shall remain in effect until any subsequent change in the interest rate occurs, and further provided that the failure of CFC to publish or otherwise announce the interest rate adjustment on or before the effective date of such adjustment shall not delay or otherwise alter such effective date.

Interest Rate and Payment. The Borrower unconditionally promises and agrees to pay, as and when due, interest on all amounts advanced hereunder from the date of each Advance and to repay all amounts advanced hereunder with interest on the date this Agreement terminates as provided herein. Interest shall be due and payable in accordance with CFC's regular billing cycles as may be in effect from time to time. CFC shall send a payment notice to the Borrower at least five days prior to the due date of any interest payment. All amounts shall be payable at CFC's main office at Woodland Park, 2201 Cooperaxxxx 0000 Xxxxxxxxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000-0000 xx xx xxxx or at such other location as designated by CFC from time to time. The interest rate on all Advances will be equal to the total rate per annum as may be fixed by CFC from time to time, which shall not exceed the Prevailing Bank Prime Rate (as defined herein), plus one percent per annum. Interest will be computed on the basis of a 365 day year for the actual number of days that any Advance is outstanding. The effective date of an interest rate adjustment will be determined from time to time by CFC, provided that no such adjustment may be effective on a date other than the first or sixteenth day of any month, and any such adjustment shall remain in effect until any subsequent change in the interest rate occurs.

Interest Rate and Payment. The Borrower unconditionally promises and agrees to pay, as and when due, interest on all amounts advanced hereunder from the date of each Advance and to repay all amounts advanced hereunder with interest on the date this Agreement terminates as provided hereinMaturity Date. Interest shall be due and payable in accordance with CFC's regular billing cycles as may quarterly on the first day of each January, April, July, and October, commencing on the first such date after such initial Advance; except that if Lender gives notice thereof to the Borrower before the first day of any month, interest shall thereafter be in effect from time to timedue and payable on the 15th day of such month and each month thereafter. CFC Lender shall send a payment notice to invoice the Borrower at least five (5) days prior to the due date of any such interest payment. All amounts shall be payable at CFC's RTFC’s main office at Woodland Park, 2201 Cooperaxxxx 2000 Xxxxxxxxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000-0000 xx xx xxxx or at such other location as designated by CFC Lender from time to time. The interest rate on all Advances will be equal to the total rate per annum RTFC’s standard line of credit as may be fixed by CFC established from time to timetime by Lender pursuant to its policies and procedures plus one hundred (100) basis points. However, which in no event shall not the interest rate exceed the Prevailing Bank Prime Rate (as defined herein), plus one and one-half percent per annum. Interest will be computed on the basis of a year of 365 day year for the actual number of days that any Advance is outstandingdays. The effective date of an interest rate adjustment will be adjusted as determined from time to time by CFCLender, provided that no such adjustment may be effective on a date other than the first or sixteenth day of any month, and any such adjustment shall will remain in effect until any a subsequent change in the interest rate occurs.

Interest Rate and Payment. The Borrower unconditionally promises and agrees to pay, as and when due, interest on all amounts advanced hereunder from the date of each Advance and to repay all amounts advanced hereunder with interest on the date this Agreement terminates as provided hereinMaturity Date. Interest shall be due and payable in accordance with CFC's regular billing cycles as may quarterly on the first day of each January, April, July, and October, commencing on the first such date after such initial Advance; except that if Lender gives notice thereof to the Borrower before the first day of any month, interest shall thereafter be in effect from time to timedue and payable on the 15th day of such month and each month thereafter. CFC Lender shall send a payment notice to invoice the Borrower at least five days prior to the due date of any such interest payment. All amounts shall be payable at CFCRTFC's main office at Woodland Park, 2201 Cooperaxxxx 0000 Xxxxxxxxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000-0000 xx xx xxxx or at such other location as designated by CFC Lender from time to time. The interest rate on all Advances will be equal to the total rate per annum RTFC's standard line of credit as may be fixed by CFC established from time to timetime by Lender pursuant to its policies and procedures plus fifty (50) basis points. However, which in no event shall not the interest rate exceed the Prevailing Bank Prime Rate (as defined herein), plus one and one-half percent per annum. Interest will be computed on the basis of a year of 365 day year for the actual number of days that any Advance is outstandingdays. The effective date of an interest rate adjustment will be adjusted as determined from time to time by CFCLender, provided that no such adjustment may be effective on a date other than the first or sixteenth day of any month, and any such adjustment shall will remain in effect until any a subsequent change in the interest rate occurs.