Examples of Loan Period Commencement Date in a sentence
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I also understand that my first Monthly Installment Amount Due may be different than my succeeding Monthly Installment Amounts Due since the interest component of my first Monthly Installment Amount Due is pro-rated based on the number of days from the Loan Period Commencement Date to the first Statement Date of my Citi Personal Loan account.
A sample calculation is illustrated below: • Approved Loan Amount: Sixty-Five Thousand Pesos (PhP65,000)• Loan Period: Twelve (12) months• Annual Contractual Rate: Twenty-Nine 9/100 per cent (29.9%)• Effective Annual Interest Rate: Thirty-Eight 98/100 per cent (40.19%)• Loan Period Commencement Date: March 24, 2023• Next Statement Date: April 12, 2023 The Annual Contractual Rate is the interest charged on my loan based on a three hundred sixty (360)-day period.
In addition to all other requirements set forth herein and in the Loan Agreement for Borrower to obtain Term Loan Draws, the maximum aggregate amount of the Term Loan Draws available to Borrower pursuant to this Note shall be determined by subtracting the amount of the Construction Loan that is rolled into the Term Loan on the Term Loan Period Commencement Date from Three Million One Hundred Thousand Dollars ($3,100,000).
During the Term Loan Period, interest on the Term Loan at the Term Loan Interest Rate shall be payable monthly in arrears on each Payment Date with the first payment commencing on: (i) November 1, 2003, if the Term Loan Period Commencement Date occurs on October 15, 2003 and (ii) the first day of the second month immediately succeeding the Term Loan Period Commencement Date, if the Term Loan Period Commencement Date occurs prior to October 15, 2003.