- 19 -
percent above that bank's prime rate. The interest on that loan
was payable by Radcliffe on the last day of each month.
The following actual interest rate percentages were ap-
plicable to the original BB Loan No. 1 for the following periods:
Actual Interest
Period Rate Percentage
May 17, 1984, until June 25, 1984 14.00
June 25, 1984, until Oct. 1, 1984 14.50
Oct. 1, 1984, until Oct. 19, 1984 14.25
Oct. 19, 1984, until Nov. 1, 1984 14.00
Nov. 1, 1984, until Nov. 9, 1984 12.75
Nov. 9, 1984, until Dec. 1, 1984 12.50
Dec. 1, 1984, until Jan. 2, 1985 12.25
Jan. 2, 1985, until May 17, 1985 11.50
Interest on the original BB Loan No. 1 was paid on the following
dates:
June 6, 1984
July 5, 1984
Aug. 6, 1984
Aug. 29, 1984
Oct. 4, 1984
Oct. 31, 1984
Dec. 10, 1984
Jan. 14, 1985
Feb. 5, 1985
Mar. 4, 1985
Apr. 8, 1985
May 6, 1985
June 4, 198510
Bangkok Bank LA branch renewed the original BB Loan No. 1
(BB Loan No. 1 first renewal) when it became due on May 17, 1985,
and that renewed loan was due on May 16, 1986. To document that
loan renewal, petitioner signed on behalf of Radcliffe a promis-
10 The June 4, 1985 interest payment also included interest paid
on the first renewal of the original BB Loan No. 1.
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