Adjustments to Interest Rate. Notwithstanding any other provision of this Agreement, the Supplements, the Notes, or the Related Documents, after the Construction Loan Maturity Date, the rate of interest under any Loan which bears interest on a variable rate, shall be adjusted according to the following schedule should the Tangible Owner’s Equity of the Borrower, achieve the levels set forth below: Tangible Owner’s Equity Interest Rate Less than 49.99% Applicable LIBOR Rate plus 325 basis points 50.00%—59.99% Applicable LIBOR Rate plus 300 basis points Greater Than 60.00% Applicable LIBOR Rate plus 275 basis points
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Samples: Master Loan Agreement (US BioEnergy CORP), Master Loan Agreement (US BioEnergy CORP)
Adjustments to Interest Rate. Notwithstanding any other provision of this Agreement, the Supplements, the Notes, or the Related Documents, after the Construction Loan Maturity Conversion Date, the rate of interest under any Loan which bears interest on a variable rate, shall be adjusted according to the following schedule should the Tangible Owner’s Equity of the Borrower, achieve the levels set forth below: Tangible Owner’s Equity Interest Rate Less than 49.9950.00% Applicable LIBOR Rate plus 325 basis points 50.00%—59.99% Applicable LIBOR Rate plus 300 basis points Equal to or Greater Than 60.00% Applicable LIBOR Rate plus 275 basis points
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Adjustments to Interest Rate. Notwithstanding any other provision of this Agreement, the Supplements, the Notes, or the Related Documents, after the Construction Loan Maturity Conversion Date, the rate of interest under any Loan which bears interest on a variable rate, shall be adjusted according to the following schedule should the Tangible Owner’s Equity of the Borrower, achieve the levels set forth below: Tangible Owner’s Equity Interest Rate Less than 49.99% Applicable LIBOR Rate plus 325 basis points 50.00%—59.99% Applicable LIBOR Rate plus 300 basis points Equal to or Greater Than 60.00% Applicable LIBOR Rate plus 275 basis points
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