Pay Rate Interest

Example Definitions of "Pay Rate Interest"
Pay Rate Interest. Shall mean the interest on the unpaid principal balance of this Note from time to time outstanding at the Pay Rate.
Pay Rate Interest. Shall mean for any period the amount calculated by applying the Pay Rate to the outstanding principal balance hereunder
Pay Rate Interest. Shall mean for any period the amount of Basic Interest payable for such period less the amount of Deferred Interest which accrued during such period
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