Common use of Nominal Rate Clause in Contracts

Nominal Rate. The nominal rate method of interest calculation shall apply to the calculation and payment of interest under this agreement and the Credit Union shall not be deemed to reinvest any interest from time to time received hereunder.

Appears in 2 contracts

Samples: Amendment Agreement – Mortgage, Amendment Agreement – Mortgage

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Nominal Rate. The nominal rate method of interest calculation shall apply to the calculation and payment of interest under this agreement and the Credit Union shall not be deemed to reinvest any interest from time to time received hereunderreceived.

Appears in 2 contracts

Samples: Amendment Agreement – Readvance on Guarantor Mortgage, Amendment Agreement – Readvance on Guarantor Mortgage

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Nominal Rate. The nominal rate method of interest calculation shall apply to the calculation and payment of interest under this agreement on the Loan and the Credit Union shall not be deemed to reinvest any interest from time to time received hereunder.

Appears in 1 contract

Samples: Loan Agreement

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