Term and Interest Rate Sample Clauses

Term and Interest Rate. The Term Loan shall be evidenced by the Note described in Exhibit "D" attached hereto. The Term Note shall be amortized over twenty-five (25) years. The rate of interest as set forth in the Term Note cannot be changed more often thar1 quarterly, and must dse and fall with the selected prime rate, all as more particularly set forth in Exhibit "D". The Lender shall amortize the principal over tht, term of the Term Loan as set forth in Exhibit "D", and make an adjustment of payment installments only by tl1e amount of rise or fall resulting from the interest rate change. The interest rate on the loan evidenced by the Term Note will be the Prime Rate plus 1.75% per mmnm, adjnstable quarterly with a 5.75% floor. The Prime Rate will be the prime rate, as quoted or published. from time to time in the Money Rates section of The Wall Street Joumal or the nearest comparable rate if no such prime rate is quoted, as detennined by the holder of the Note. Interest shall be calculated on the actual basis of a year of 360 days. Moreover, the Borrower shall be responsible for the mmual renewal fee on the USDA gumanleed portion of the Term Note of¼ of 1%. The amotmt of the annual renewal fee will be determined by mnltiplying the foe rate of¼ of 1% by the outstanding principal guaranteed by the USDA as of December 31st of each year. The annual renewal fee will be due to the Lender as of December 31st of each year.

Term and Interest Rate. The Principal shall be due and payable to the holder hereof twelve (12) months from the date of the receipt of each individual payment by the Lender to the Borrower with respect to each individual payment amount described in Paragraph 1 above. For example: Borrower shall owe Lender $100,000, plus the respective accrued interest on that amount, on March 2, 2008. This payment of principal and interest by Borrower to Lender will constitute the first repayment due pursuant to this Agreement. The holder hereof may at its election extend the term of this Note for successive twelve (12) month periods upon written notice thereof to the Borrower, or may aggregate all of the separate payment and interest amounts into one renewal with one expiration date, but only upon the written request of the Lender. Interest on this Note shall accrue from the date of payment of each individual payment amount within the total of the Principal paid to the Borrower at the rate of ten percent (10%) per annum, calculated and compounded monthly, until paid. Interest shall be due and payable to the Lender at the end of the term of this Note. However, in the event of default, interest shall accrue at the rate of fourteen percent (14%) per annum, calculated and compounded monthly, from the date of default.

Term and Interest Rate. The Term Loan shall be evidenced by the Term Note. The Term Note shall be fully amortized over a seven (7) year term. The rate of interest as set forth in the Term Note cannot be changed more often than quarterly, and must rise and fall with the selected prime rate, all as more particularly set forth in Exhibit “E”. Lender shall make an adjustment of payment installments only by the amount of rise or fall resulting from the interest rate change. The interest rate of the Term Loan evidenced by the Term Note will be the Prime Rate plus one percent (1.00%) per annum, adjustable quarterly on January 1, April 1, July 1, and October 1 each year, for the term of the Term Loan. The Prime Rate will be the New York Prime Rate, as quoted in the Wall Street Journal. Interest shall be calculated on the basis of 360 days per year for the actual number of days elapsed. Interest for the month of the Closing Date shall be prepaid and collected on the Closing Date.

Term and Interest Rate. The maturity term for the IRA Flexible Popular is: 12 months. The interest rate is guaranteed for the term of each deposit.

Term and Interest Rate. The City may select, following consultation with the Developer, the Bond Counsel, underwriters, financial advisors and consultants as the City deems necessary for the issuance of the TIF Bonds. The final maturity of the TIF Bonds shall not exceed the maximum term permissible under Missouri law (provided, however, that if the ▇▇▇ issues TIF Bonds, the final maturity of such TIF Bonds may be later than what would be permitted if the City issued the TIF Bonds, but the City’s obligation to pay TIF Revenues to the ▇▇▇ to secure the TIF Bonds will not extend beyond the maximum term permitted by the TIF Act). The TIF Bonds shall bear interest at such rates, shall be subject to redemption and shall have such terms as the City, following consultation with the Developer, underwriters, financial advisors and consultants, shall reasonably determine in conformance with the terms of this Agreement.

Term and Interest Rate. The Term Loan shall be evidenced by the Note described in Exhibit "D" attached hereto. The Term Note shall be amortized over a ten (10) year term. The rate of interest as set forth in the Term Note cannot be changed more often than quarterly, and must rise and fall with the selected prime rate, all as more particularly set forth in Exhibit "D". The Lender shall amortize the principal over the term of the Term Loan as set forth in Exhibit "D", and make an adjustment of payment installments only by the amount of rise or fall resulting from the interest rate change. The interest rate on the loan evidenced by the Term Note will be the Prime Rate plus one (1.00%) per annum, adjustable calendar quarterly. The Prime Rate will be the lowest New York prime, as quoted in the Wall Street Journal. Interest shall be calculated on the actual basis of a year of 360 days.