Common use of Simple Interest Rate Clause in Contracts

Simple Interest Rate. Except as otherwise provided in Section 4.2, the Loan shall bear simple interest at a rate of Fourteen (14%) per annum from time in effect. This Loan is the interest-only Loan.

Appears in 2 contracts

Samples: Loan Agreement (Helpful Alliance Co), Loan Extension Agreement (Helpful Alliance Co)

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Simple Interest Rate. Except as otherwise provided in Section 4.2, the Loan shall bear simple interest at a rate of Fourteen Twelve and one half (1412.5%) per annum from time in effect. This Loan is the interest-only Loan.

Appears in 2 contracts

Samples: Loan Agreement (Helpful Alliance Co), Loan Agreement (Helpful Alliance Co)

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