NEW INTEREST RATE AFTER CONVERSION Sample Clauses

NEW INTEREST RATE AFTER CONVERSION. On the Conversion Date, Borrower’s interest rate on the Loan shall be converted and interest will be charged on the entire unpaid principal balance of the Note, including payments not made when due and any other sums owing under the Note, at a fixed interest rate of 3.57% per year (the “Fixed Rate”). The Fixed Rate shall continue for the “Fixed Rate Term” selected.