Common use of Fixed Rate Notice Clause in Contracts

Fixed Rate Notice. Maker's acceptance of a Fixed Increment Rate ----------------- shall be confirmed by a written Fixed Rate Notice, which Payee shall deliver to Maker. ▇▇▇▇▇'s failure to deliver the Fixed Rate Notice shall not release Maker from Maker's obligation to pay interest at the Applicable Rate pursuant to the terms hereof.

Appears in 1 contract

Sources: Promissory Note (Saul Centers Inc)

Fixed Rate Notice. Maker's acceptance of a Fixed Increment ----------------- Rate ----------------- shall be confirmed by a written Fixed Rate Notice, which Payee shall deliver to Maker. ▇▇▇▇▇'s failure to deliver the Fixed Rate Notice shall not release Maker from Maker's obligation to pay interest at the Applicable Rate pursuant to the terms hereof.. Initials:________

Appears in 1 contract

Sources: Promissory Note (Saul Centers Inc)