Prevailing Rate. The Borrower shall pay interest on the Drawing at the Prevailing Rate specified in the Letter of Offer. Unless any other interest payment period is specified by the Bank, the Borrower shall pay the interest chargeable monthly.
Appears in 1 contract
Sources: Loan Agreement
Prevailing Rate. The Borrower shall pay interest on the Drawing at the Prevailing Rate specified of the percentage per annum stated in the Letter of OfferOffer above BLR. Unless any other interest payment period is specified by the Bank, the Borrower shall pay the interest chargeable monthly.
Appears in 1 contract
Sources: Loan Agreement