Common Contracts

Interest Rate on the Credit

July 8th, 2024

• Filed
  July 8th, 2024

Type of Interest Rate: For adjustable-rate loans (tied to a Refinancing index):Indexed from:For fully fixed-rate loans: FixedFor hybrid (mixed-rate) loans: Fixed from:Indexed from: Interest Rate: For adjustable-rate loans (tied to a Refinancing index): Annual X% (Refinancing Rate + X%)For fully fixed-rate loans:Annual X % For hybrid (mixed-rate) loans:From – Annual Fixed X%From _ (hereinafter the "Date of Revision") - the Annual Indexed Rate will equal the following: X% (the Base Rate) plus the Refinancing Rate as of the Date of Revision. Effective Interest Rate: X%