Common use of Adjusted LIBOR Rate Option Clause in Contracts

Adjusted LIBOR Rate Option. Subject to the terms of this Section, interest may accrue at the election of the BORROWERS for INTEREST PERIODS selected by the BORROWERS, at the ADJUSTED LIBOR RATE on portions of the unpaid principal balance of the LOAN. Any LIBOR BORROWING or election for a LIBOR BORROWING pursuant to the provisions of this Section shall be subject to the following terms and conditions:

Adjusted LIBOR Rate Option. Subject to the terms of this Section, interest may accrue at the election of the BORROWERS BORROWER for INTEREST PERIODS selected by the BORROWERSBORROWER, at the ADJUSTED LIBOR RATE on portions of the unpaid principal balance balances of the LOANLOANS. Any LIBOR BORROWING or election for a LIBOR BORROWING pursuant to the provisions of this Section shall be subject to the following terms and conditions:

Adjusted LIBOR Rate Option. Subject to the terms of this Section, interest may accrue accrue, at the election of the BORROWERS for during INTEREST PERIODS selected by the BORROWERS, at the ADJUSTED LIBOR RATE BORROWERS on portions of the unpaid outstanding principal balance balances of the LOANLOAN for which such a rate election is not then in effect, at a rate equal to the ADJUSTED LIBOR RATE. Any LIBOR BORROWING or election for a LIBOR BORROWING pursuant to the provisions of this Section shall be subject to the following terms and conditions:

Adjusted LIBOR Rate Option. Subject to the terms of this Section, interest may accrue at the election of the BORROWERS for INTEREST PERIODS selected by the BORROWERS, at the ADJUSTED LIBOR RATE on portions of the unpaid principal balance balances of the LOANREVOLVING LOANS. Any LIBOR BORROWING or election for a LIBOR BORROWING pursuant to the provisions of this Section shall be subject to the following terms and conditions: