Common use of Loan Interest Rate Clause in Contracts

Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the first Payment Date after the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate determined by Bank as of the Funding Date for such Loan in accordance with the definition of Basic Rate. The Basic Rate applicable to each Loan shall not be subject to change in the absence of a manifest error. All computations of interest on Loans shall be based on a year of 360 days comprised of twelve (12) months of thirty (30) days each. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.

Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the first Payment Loan Commencement Date after the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate Rate, determined by Bank as of the Funding Date for such date that is ten (10) Business Days prior to the Loan in accordance with the definition of Basic RateCommencement Date. The Basic Rate applicable to each Loan shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on Loans each Loan shall be based on a year of 360 days comprised of twelve three hundred sixty (12) months of thirty (30360) days eachfor actual days elapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.

Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the first Payment Loan Commencement Date after the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate Rate, determined by Bank as of the Funding Date for such date that is ten (10) business days prior to the Loan in accordance with the definition of Basic RateCommencement Date. The Basic Rate applicable to each Loan shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on Loans each Loan shall be based on a year of 360 days comprised of twelve (12) months of thirty (30) for actual days eachelapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.

Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the first Payment Loan Commencement Date after the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate Rate, determined by Bank as of the Funding Date for such date that is ten (10) days prior to the Loan in accordance with the definition of Basic RateCommencement Date. The Basic Rate applicable to each Loan shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on Loans each Loan shall be based on a year of 360 days comprised of twelve (12) months of thirty (30) for actual days eachelapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.

Loan Interest Rate. Borrower shall pay interest on the The unpaid principal amount balance of each Loan shall bear interest from the first Payment Loan Commencement Date after the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate Rate, determined by Bank as of the Funding Date for such date that is ten (10) business days prior to the Loan in accordance with the definition of Basic RateCommencement Date. The Basic Rate applicable to each Loan shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on Loans each Loan shall be based on a year of 360 days comprised of twelve three hundred and sixty (12) months of thirty (30360) days eachfor actual days elapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.