CHANGES IN BASE RATE. The Base Rate Option shall be adjusted from time to time, without notice to the Borrower, as necessary to reflect any changes in the Prime Rate or the Fed Funds Rate, which adjustments shall be automatically effective on the day of any such change.
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Sources: Credit Agreement (Best Universal Lock Co), Credit Agreement (Best Lock Corp)
CHANGES IN BASE RATE. The Base Rate Option shall be adjusted from time to time, without notice to the Borrower, as necessary to reflect any changes in the Prime Rate or the Fed Federal Funds Rate, which adjustments shall be automatically effective on the day of any such change.
Appears in 1 contract
CHANGES IN BASE RATE. The Base Rate Option shall be adjusted from time to time, without notice to the Borrower, as necessary to reflect any changes in the Prime Rate or the Fed Funds Rate, which adjustments shall be automatically effective on the day of any such change.
Appears in 1 contract