Examples of Discounted Rate in a sentence
Provisions governing a Discounted Rate shall be set forth in this Paragraph 9.
Capitalized terms defined in the Home Equity Line of Credit Agreement and Disclosure referenced above (“Agreement”) to which this Addendum to Home Equity Line of Credit Agreement for Discounted Rate (“Addendum”) is attached shall have the same meaning in this Addendum.
When the Discounted Rate ends due to the passage of time or cancellation by Lender, the rate under the Agreement will be (a) subject to adjustments and limitations and produce the effects described in the “ Periodic Rate and Corresponding ANNUAL PERCENTAGE RATE” section of the Agreement and (b) the ANNUAL PERCENTAGE RATE and corresponding daily periodic rate will increase according to the terms of the Agreement under the “ Periodic Rate and Corresponding ANNUAL PERCENTAGE RATE” section of the Agreement.
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The Discounted Rate covered by this Addendum shall not apply to any fixed rate loan option.