SPECIAL INTEREST RATES. Borrower understands and agrees that Association may agree to provide one, or more, incentive interest rates for certain disbursements used for specific purposes. Borrower acknowledges that the requirements and conditions for any disbursements qualifying for any such incentive interest rates are set by Association, and not Lender. Xxxxxxxx further acknowledges receipt of, understands, and agrees to comply with such requirements and conditions. Borrower further acknowledges and agrees that compliance with such requirements and conditions shall be determined by Association, in its sole discretion. Xxxxxxxx understands that all advances made under a Special Interest Rate shall be reflected in a monthly statement provided to Borrower by Xxxxxx, and Xxxxxxxx acknowledges, and agrees that such interest rate is effective as to such advances.
SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 5.1 hereof, balances of each of the loans described on Exhibit 5.7 hereto as having been made under the 5-Year Facility or the 364-Day Facility under the 2005 Credit Agreement, shall be treated as Bid Rate Loans made under the 5-Year Facility hereunder, and, in either case, shall bear interest at the “Interest Rate” set forth in such Exhibit to and including the “Bid Maturity Date” set forth in such Exhibit, and they shall each be due and payable on their respective Bid Maturity Date as set forth in such Exhibit.
SPECIAL INTEREST RATES. Borrower understands and agrees that Association may agree to provide one, or more, incentive interest rates for certain disbursements used for specific purposes. Borrower acknowledges that the requirements and conditions for any disbursements qualifying for any such incentive interest rates are set by Association, and not Lender. Borrower further acknowledges receipt of, understands, and agrees to comply with such requirements and conditions. Borrower further acknowledges and agrees that compliance with such requirements and conditions shall be determined by Association, in its sole discretion. Borrower understands that all advances made under a Special Interest Rate shall be reflected in a monthly statement provided to Borrower by Lender, and Borrower acknowledges, and agrees that such interest rate is effective as to such advances. In the event that Association determines that Borrower has failed to comply with such requirements and conditions, then the Special Interest Rates shall not be in effect and the interest rate shown above in the Interest section shall apply to amounts advanced. Lender shall have no duty of notice to Borrower of such determination. Upon the occurrence of an Event of Default then the Special Interest Rates shall not be in effect and the interest rate shown above in the Interest section shall apply to amounts advanced. Any Disbursements not qualifying for the Special Interest Rates requirements and conditions shall be subject to the interest rate shown above in the Interest section.
SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 6.1 hereof, balances of each of the Advances set forth on Exhibit 6.7 hereto as "O/S Balance" shall be treated as 3-Year Advances and shall bear interest at the "Int Yield" set forth in such Exhibit to and including the "Mat Date" set forth in such Exhibit. From and after the "Mat Date" for each such Advance, interest for the unpaid balance of such Advance shall be determined in accordance with Section 6.1 hereof.
SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 6.1 hereof, balances of each of the loans described on Exhibit 6.7 hereto (a) as having been made under the 3-Year Facility (as defined in the 2003 Credit Agreement) shall be treated as Bid Rate Loans made under the 5-Year Facility hereunder; and (b) as having been made under the 364-Day Facility (as defined in the 2003 Credit Agreement) shall be treated as Bid Rate Loans made under the 364-Day Facility hereunder, and, in either case, shall bear interest at the “Interest Rate” set forth in such Exhibit to and including the “Bid Maturity Date” set forth in such Exhibit, and they shall each be due and payable on their respective Bid Maturity Date as set forth in such Exhibit.
