Modification of Interest Rate. (a) The definition of Applicable Base Rate in the Note is hereby amended in its entirety to read as follows:
Modification of Interest Rate. The parties hereby agree that effective ------------------------------- as of the date of this Agreement, interest shall accrue on the unpaid principal balance of this Note from time to time outstanding until maturity at the Stated Rate (as defined herein) and interest on all past due amounts, both principal and accrued interest, at the Past Due Rate (as defined herein); provided, that --------- for the full term of this Note the interest rate produced by the aggregate of all sums paid or agreed to be paid to the holder of this Note for the use, forbearance or detention of the debt evidenced hereby shall not exceed the Highest Lawful Rate (as defined herein).
Modification of Interest Rate. From and after the Effective Date, the interest rate applicable to amounts outstanding under the Loan Agreement shall be 5.45% per annum.
Modification of Interest Rate. The Variable Rate provided for in Section 1.02 C of the Agreement is reduced by .50% and the Fixed Rate and Eurodollar Rate are reduced by .30%.
Modification of Interest Rate. From and after the Effective Date, the interest rate applicable to amounts outstanding under the Developer Note shall be 5.45% per annum.
Modification of Interest Rate. The portion of Section 3 of the Schedule to the Loan Agreement that currently reads as follows: A rate equal to the “Prime Rate” in effect from time to time, plus 1.75% per annum. , hereby is amended and restated in its entirety to read as follows: A rate equal to the “Prime Rate” in effect from time to time, plus 1.75% per annum; provided that the interest rate in effect on any day shall not be less than 5.75% per annum.
Modification of Interest Rate. Effective as of April 30, 1998, the Obligations shall bear interest at a variable rate equal to the Bank's Prime Rate (as hereafter defined), plus one and one-half percent (1 1/2%) per annum. As used herein, "
Modification of Interest Rate. Effective September 26, 2007, the Note shall accrue interest at the rate of Thirteen and three-quarters percent (13.75%) per annum.
Modification of Interest Rate. Effective April 30, 2008, the Note shall accrue interest at the prime rate per annum as from time to time published by the Wall Street Journal.
Modification of Interest Rate. The payment of interest as described in the Promissory Note has been modified as follows: interest shall accrue at a rate of 6.70% per annum on the unpaid principal balance.
