Common use of Interest Rate Payments Clause in Contracts

Interest Rate Payments. Subject to Holder's right to charge the Default Rate (as hereinafter defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate as defined in Exhibit A. For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a three hundred sixty-five (365) day calendar year applied to the actual number of days funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. Interest and principal shall be due and payable in accordance with the Payment Schedule set forth in Exhibit B. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty.

Interest Rate Payments. Subject to Holder's right to charge the Default Rate (as hereinafter definedhere- inamer defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: ���Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate (as defined defined in Exhibit A. A). For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a three hundred sixty-five sixty-five (365) day calendar calen- dar year applied to the actual number of days funds are outstanding. Payments (or prepaymentsprepay- ments) made on account hereof shall be applied first first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter definedhereinamer de- fined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. ���Interest and principal fully amortized over the term of the Note shall be due and payable monthly in accordance with the Payment Schedule set forth in Exhibit B. A. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty.

Interest Rate Payments. Subject to HolderXxxxxx's right to charge the Default Rate (as hereinafter defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate as defined in Exhibit A. For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a three hundred sixty-five (365) day calendar year applied to the actual number of days funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. Interest and principal shall be due and payable in accordance with the Payment Schedule set forth in Exhibit B. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty.

Interest Rate Payments. Subject to Holder's right to charge the Default Rate (as hereinafter definedhereinacer defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate as defined defined in Exhibit A. For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a three hundred sixty-five sixty-five (365) day calendar year applied to the actual number of days funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter definedhereinacer defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. Interest and principal shall be due and payable in accordance with the Payment Schedule set forth in Exhibit B. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty.