Limits on Interest Rate Change. The Interest Rate paid on the Senior Note may not be increased or decreased by more than one-half percent (0.5%) at the time of any change. The Interest Rate paid on the Senior Note may not be changed more than once during any 90 day period.
Appears in 6 contracts
Samples: Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Promissory Note Purchase Agreement (Iron Bridge Mortgage Fund LLC)
Limits on Interest Rate Change. The Interest Rate paid on the Senior Note may not be increased or decreased by more than one-half percent (0.5%) at the time of any change. The Interest Rate paid on the Senior Note may not be changed more than once during any 90 day period.
Appears in 2 contracts
Samples: Senior Secured Promissory Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Promissory Note (Iron Bridge Mortgage Fund LLC)
Limits on Interest Rate Change. The Interest Rate paid on the Senior Note may not be changed more than once in any six (6) month period, and may not be increased or decreased by more than one-half percent (0.5%) at the time of any change. The Interest Rate A change in the interest rate paid on the Senior Note may not be changed more than once effective during any 90 day periodthe first six (6) months after the date of issuance of the Senior Note.
Appears in 2 contracts
Samples: Senior Secured Promissory Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Promissory Note (Iron Bridge Mortgage Fund LLC)
