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Common use of Interest Rate Reduction Clause in Contracts

Interest Rate Reduction. After the Director's Termination of Service, the interest rate under Section 3.1.2 shall be 7.00%, compounded monthly

Appears in 3 contracts

Sources: Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp)

Related Clauses

  • Interest Rate
  • Interest Rate Adjustment
  • Interest Rate Cap Agreement
  • Rate Redetermination
  • Interest Rate Computations

Parent Clauses

  • Deferral Account
  • Establishing and Crediting
  • Interest
  • Loan Advances
  • ADDITIONAL AGREEMENTS

Sub-Clauses

  • Authorization to Effect Subordination
  • Communications by Holders with Other Holders
  • Certificate and Opinion as to Conditions Precedent
  • Without Consent of Holders
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