InvestorsHub Logo
Followers 15
Posts 372
Boards Moderated 0
Alias Born 12/03/2010

Re: Crusen post# 12108

Thursday, 02/12/2015 2:06:05 PM

Thursday, February 12, 2015 2:06:05 PM

Post# of 18419
Sorry, that is incorrect! You may need to re reread! Seems you have twisted to fit your agenda.

"Applicable Rate ” means, initially, 10.00% per annum; provided that the Applicable Rate shall be increased by 1.50% immediately after each Interest Payment Date; provided , further , that in no event shall the Applicable Rate exceed 20.50% per annum (without giving event to any applicable Default Rate)".