Common use of Payment to the Bank Clause in Contracts

Payment to the Bank. To repay each and any advance together with interest thereon according to the confirmation of each such advance communicated to the Member by the Bank, together with any unpaid costs and expenses in connection therewith. Such payment shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing. The default rate on past due principal and interest may, at the option of the Bank, be at a rate 1% per annum higher than the then current rate being charged by the Bank for advances.

Payment to the Bank. To repay each and any advance together with interest thereon according to the confirmation of each such advance communicated to the Member by the Bank, together with any unpaid costs and expenses in connection therewith. Such payment shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing. The default rate on past due principal and interest may, at the option of the Bank, be at a rate of 1% per annum higher than the then current rate being charged by the Bank for advances.

Payment to the Bank. To repay each and any advance together with interest thereon according to the confirmation of each such advance communicated to the Member by the Bank, together with any unpaid costs and expenses in to connection therewith. Such payment shall be made at the office of the Bank in Des Moines, Iowa, or at such other place as the Bank, or its successors or assigns, may from time to time appoint in writing. The default rate on past due principal and interest may, at the option of the Bank, be at a rate ratio 1% per annum higher than the then current rate being charged by the Bank for advances.