Common use of PERMANENT LOAN INTEREST Clause in Contracts

PERMANENT LOAN INTEREST. If the Loan converts to the Permanent Loan, interest shall accrue on the principal balance of this Note either at a variable interest rate as provided in subparagraph 2(b)(i) below (the "VARIABLE RATE"), or at a fixed interest rate as provided in subparagraph 2(b)(ii) below (the "FIXED RATE"). After conversion to the Permanent Loan, interest on this Note shall be calculated A 30-day month and a 360-day year.

PERMANENT LOAN INTEREST. If the Loan converts to the Permanent Loan, interest shall accrue on the principal balance of this Note either at a variable interest rate as provided in subparagraph 2(b)(i) below (the "VARIABLE RATE"), or at a fixed interest rate as provided in subparagraph 2(b)(ii) below (the "FIXED RATE"). After conversion to the Permanent Loan, interest on this Note shall be calculated A using a 30-day month and a 360-day year.