Common use of The Loan and Rate Clause in Contracts

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00, to be repaid as follows: $51,000 due on July 15, 2023. Said payment includes interest (2.0% per annum). If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00230,000.00, to be repaid as follows: in annual installments of $51,000 due on July 1523,000.00, 2023. Said each payment includes to include interest (2.0at 0.0% per annum), the first such payment to be due July 1, 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00100,000.00, to be repaid as follows: in fifteen annual installments of $51,000 due on July 156,666.67, 2023. Said each payment includes to include interest (2.0at 0.0% per annum), the first such payment to be due July 1, 2017, and annually thereafter until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00260,000.00, to be repaid as follows: in ten annual installments of $51,000 due on July 1526,000.00, 2023. Said each payment includes to include interest (2.0at 0.0% per annum), the first such payment to be due April 3, 2018, and annually thereafter until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00250,000.00, to be repaid as follows: $51,000 252,500 due on July 15April 1, 2023. Said payment includes interest (2.01.0% per annum). If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00500,000.00, to be repaid as follows: in annual installments of $51,000 due on July 1533,333.34, 2023. Said each payment includes to include interest (2.0at 0.0% per annum), the first such payment to be due , 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $50,000.00500,000.00, to be repaid as follows: in ten annual installments of $51,000 due on July 1550,000.00, 2023. Said each payment includes to include interest (2.0at 0.0% per annum), the first such payment to be due , 2020, and annually thereafter until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.