Common use of Borrower’s Options Clause in Contracts

Borrower’s Options. Principal amounts outstanding under the Loan shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations provided for in this Note: (i) Variable Rate, or (ii) LIBOR Based Rate.

Appears in 1 contract

Samples: Loan Agreement (Techprecision Corp)

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Borrower’s Options. Principal amounts outstanding under the Loan hereunder shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations limita­tions provided for in this Note: (i) Variable Rate, Rate or (ii) LIBOR Based Eurodollar Rate.

Appears in 1 contract

Samples: Demand Loan Agreement (Micro Component Technology Inc)

Borrower’s Options. Principal amounts outstanding under the Loan hereunder shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations provided for in this Note: (i) Variable Rate, Rate or (ii) LIBOR Based Libo Rate.

Appears in 1 contract

Samples: Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Borrower’s Options. Principal amounts outstanding under the Loan this Note shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations provided for in this Note: Note (i) Variable Rate, Prime Rate or (ii) LIBOR Based Rate.)

Appears in 1 contract

Samples: Loan and Security Agreement (Irobot Corp)

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Borrower’s Options. Principal amounts outstanding under the Loan hereunder shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations provided for in this Note: (i) Variable Rate, Rate or (ii) Applicable LIBOR Based Rate.

Appears in 1 contract

Samples: Credit Agreement (Cell Genesys Inc)

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