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sory note that was made payable to Bangkok Bank LA branch and
that was in the same amount as that loan. The interest rate on
the BB Loan No. 1 first renewal was set at .75 percent above
Bangkok Bank LA branch's prime rate. The interest on that re-
newed loan was payable by Radcliffe on the first day of each
month.
By telex dated May 16, 1985, Bangkok Bank HK branch amended
its $1,000,000 standby letter of credit in order to renew it to
May 17, 1986, one day after the due date of the BB Loan No. 1
first renewal.
The following actual interest rate percentages were applica-
ble to the BB Loan No. 1 first renewal for the following periods:
Actual Interest
Period Rate Percentage
May 17, 1985, until July 1, 1985 10.75
July 1, 1985, until Apr. 1, 1986 10.25
Apr. 1, 1986, until Apr. 28, 1986 9.75
Apr. 28, 1986, until May 17, 1986 9.25
Interest on the BB Loan No. 1 first renewal was paid on the
following dates:
June 4, 1985
July 10, 1985
Aug. 4, 1985
Sept. 3, 1985
Oct. 4, 1985
Nov. 5, 1985
Dec. 10, 1985
Jan. 6, 1986
Feb. 10, 1986
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