Common use of Borrowing Options Clause in Contracts

Borrowing Options. LIBOR and ABR. ABR means the higher of the Administrative Agent’s prime rate and the federal funds rate + 0.50%. LIBOR adjustments for Regulation D will be charged by Lenders individually. Pricing: Pricing on the commitments and loans will be at the rates per annum set forth in the attached Pricing Schedule, expressed in basis points per annum.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

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