3 unchanged sentences
Outstanding borrowings under our Line of Credit Agreement bear interest at Prime Rate plus .25%.
−Removed: At September 30, 2020, the interest rate on the Line of Credit Agreement was 3.50%.
−Removed: No amounts were outstanding under the Line of Credit Agreement at September 30, 2020.
−Removed: Borrowings under the Paycheck Protection Program that are not forgiven convert to a loan bearing interest at a fixed rate of 1.00% payable in 18 equal monthly installments commencing after the forgiveness period.
+Added: At March 31, 2021, the interest rate on the Line of Credit Agreement was 3.50%.
+Added: No amounts were outstanding under the Line of Credit Agreement at March 31, 2021.
+Added: Borrowings under the Paycheck Protection Program that are not forgiven convert to a loan bearing interest at a fixed rate of 1.00% payable, at the borrowers election, in either 18 or 54 equal monthly installments commencing 10 months after the end of the covered period.
Avalon does not undertake any specific actions to cover its exposure to interest rate risk and Avalon is not a party to any interest rate risk management transactions.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.