Common use of Applicable Interest Rates Clause in Contracts

Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e), or as otherwise determined in accordance with the provisions of this ARTICLE II, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate).

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

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Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers Borrower in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e2.4.1(e), or as otherwise determined in accordance with the provisions of this ARTICLE IISection 2.4, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate2.4.1(d).

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers Borrower in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e2.4.2(e), or as otherwise determined in accordance with the provisions of this ARTICLE II2.3.8, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate)this Section.

Appears in 1 contract

Samples: Financing and Security Agreement (ARGON ST, Inc.)

Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e), or as otherwise determined in accordance with the provisions of this ARTICLE IISection 2.5, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate).

Appears in 1 contract

Samples: Financing and Security Agreement (Clean Towel Service Inc)

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Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers Borrower in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e2.4.2(e), or as otherwise determined in accordance with the provisions of this ARTICLE II, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate)2.4.

Appears in 1 contract

Samples: Financing and Security Agreement (Weston Roy F Inc)

Applicable Interest Rates. (a) Each Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers Borrower in an Interest Rate Election Notice furnished to the Lender in accordance with the provisions of Section 2.5.2(e2.4.1(e), or as otherwise determined in accordance with the provisions of this ARTICLE II2.3.8, and as may be adjusted from time to time in accordance with the provisions of Section 2.5.3 (Inability to Determine Eurodollar Base Rate)Section.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensytech Inc)

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