Base Rate Option. Unless the Borrower chooses the LIBOR Interest Rate Option as defined below, the principal balance outstanding under this Revolving Note shall bear interest at an annual rate equal to the Base Rate, less 1.0% floating (the "Base Rate Option"). Base Rate means the rate of interest established by the Bank from time to time as its "base" or "prime" rate of interest at its principal office in Milwaukee, Wisconsin.
Appears in 4 contracts
Samples: Credit Agreement (Advantage Learning Systems Inc), Credit Agreement (Advantage Learning Systems Inc), Credit Agreement (Advantage Learning Systems Inc)
Base Rate Option. Unless the Borrower chooses the LIBOR Interest Rate Option as defined below, the principal balance outstanding under this Revolving Note A shall bear interest at an annual rate equal to the Base Rate, less minus 1.0% %, floating (the "Base Rate Option"). Base Rate means the rate of interest established by the Bank from time to time as its "base" or "prime" rate of interest at its principal office in MilwaukeeMinneapolis, WisconsinMinnesota.
Appears in 1 contract
Samples: Credit Agreement (Datalink Corp)
