Examples of Initial Term Interest Rate in a sentence
Interest on the outstanding principal balance of the Loan shall accrue at the Initial Term Interest Rate or as otherwise set forth in this Agreement from (and including) the Closing Date to but excluding the Anticipated Repayment Date.
If the advance of the principal amount evidenced by this Note is made on a date other than the first day of a calendar month, then Borrower shall pay to Lender contemporaneously with the execution hereof interest at the Initial Term Interest Rate for a period from the date of such advance through and including the last day of such calendar month.
The term “Applicable Interest Rate” shall mean from (i) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (ii) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.
The term "APPLICABLE INTEREST RATE" shall mean from (a) the date of this Note through but not including the Anticipated Repayment Date, the Initial Term Interest Rate, and (b) from and after the Anticipated Repayment Date through and including the date this Note is paid in full, the Extended Term Rate.
Interest on the outstanding principal balance of the Loan shall accrue from the Closing Date to but excluding the Anticipated Repayment Date at the Initial Term Interest Rate.