Limits on Interest Rate Changes Sample Clauses
Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not be greater than 7.30% or less than 5.30%. Thereafter my interest rate will never be increased or decreased on any single Change Date by more than one percentage point (1.0%) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 12.30% or less than 4.30% over the life of the loan.
Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not be greater than 1834:LN_IntrstPrcntFirstMax_%3% or less than 1141:LN_IntrstPrcntMin_%3%. Thereafter, my adjustable interest rate will never be increased or decreased on any single Change Date by more than two percentage points from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 1140:LN_IntrstPrcntMax_%3%. Form 2130 MT5007 6/13/11 1125:LN_AcctNum
Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not be greater than ______________% or less than _______________%. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than ________________________ percentage point(s) (________________%) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than ______________% or less than the Margin.
Limits on Interest Rate Changes. My variable interest rate will never be greater than the maximum interest rate set forth in the Disclosure Statement. The variable interest rate will not increase more than one a month, but there is no limit on the amount that the variable interest rate could increase at one time (subject to the applicable maximum rate).