Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: x The amount of each scheduled payment will change. o The amount of the final payment will change. o _N/A__________________________________________________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a _Actual/Actual____________ basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: oon the same fixed or variable rate basis in effect before maturity (as indicated above). x at a rate equal to _4% in excess of the interest rate stated above that applied before maturity_________________________________.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: /XX/ The amount of each scheduled payment will change. /XX/ The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: /X/ on the same fixed or variable rate basis in effect before maturity (as indicated above). / / at a rate equal to__________________________.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: /X/ The amount of each scheduled /X/ The amount of the final payment will change. payment will change. / / ____________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: /X/ on the same fixed or variable rate basis in effect before maturity (as indicated above). / / at a rate equal to _________________________________________________. /X/ LATE CHARGE: If a payment is made more than 10 days after it is due, I agree to pay a late charge of 5.000% OF THE LATE PAYMENT WITH A MINIMUM OF $5.00 AND A MAXIMUM OF $25.00. / / ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which / / are / / are not included in the principal amount above:_____ _______________________________________________________________________________. PAYMENTS: I agree to pay this note as follows: /X/ INTEREST: I agree to pay accrued interest ON DEMAND, BUT IF NO DEMAND IS MADE THENON THE 1ST DAY OF EACH MONTH BEGINNING SEPTEMBER 1, 1997 /X/ PRINCIPAL: I agree to pay the principal ON DEMAND, BUT IF NO DEMAND IS MADE THEN ON AUGUST 1, 1998 / / INSTALLMENTS: I agree to pay this note in ______ payments. The first payment will be in the amount of $______________ and will be due __________ ____________. A payment of $_______________ will be due ___________________ thereafter. The final payment of the entire unpaid balance of principal and interest will be due ____________________________________.
Examples of Effect of Variable Rate in a sentence
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: [X] The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: [ ] The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: XX The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: ¨ The amount of each scheduled payment will change.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: ___ The amount of each scheduled payment will change.
More Definitions of Effect of Variable Rate
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: |_| The amount of each scheduled payment will change. |_| The amount of the final payment will change. |_| _____________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below;
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: |_| The amount of each scheduled payment will change.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [ ] The amount of each scheduled payment [X] The amount of the final will change. payment will change. ACCRUAL METHOD: Interest will be calculated on a actual/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [ ] on the same fixed or variable rate basis in effect before maturity (as indicated above). [X] at a rate equal to Highest rate permitted by law
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments:
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [X] The amount of each scheduled payment will change. [X] The amount of the final payment will change. ACCRUAL METHOD: Interest will be calculated on a 360/ACTUAL basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [X] on the same fixed or variable rate basis in effect before maturity (as indicated above). [ ] at a rate equal to . ---------------------------------------------------- [X] LATE CHARGE: If a payment is made more than 15 days after it is due, I agree to pay a late charge of 4.000 PERCENT OF THE PAYMENT. [ ] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which [ ] are [ ] are not included in the principal amount above: ------------------------------------------------------------------------- PAYMENTS: I agree to pay this note as follows: [X] Interest: I agree to pay accrued interest MONTHLY BEGINNING 12/31/1996. [X] Principal: I agree to pay the principal ON 08/31/1997. [ ] Installment: I agree to pay this note in payments. The first payment will be in the amount of $ . and will be due . A payment of $ will be due thereafter. The final payment of the entire unpaid balance of principal and interest will be due .
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [_] The amount of each scheduled payment will change. [_] The amount of the final payment will change. [_] _____________________________________________________________________. ACCRUAL METHOD: Interest will be calculated on a 365/360 day basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [_] on the same fixed or variable rate basis in effect before maturity (as indicated above). [X] at a rate equal to 11.00%.
Effect of Variable Rate. A change in the interest rate will have the following effect on the payments: [ ] The amount of each scheduled payment will change. [ ] The amount of the final payment will change. [XX] THE AMOUNT DUE AT MATURITY WILL CHANGE. ---------------------------------------- ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [ ] on the same fixed or variable rate basis in effect before maturity (as indicated above). [XX] at a rate equal to HIGHEST RATE PERMITTED BY LAW,