Common use of Default Option Clause in Contracts

Default Option. The interest rate margin and index described in the "VARIABLE INTEREST RATE" paragraph above (the "Default Option").

Appears in 7 contracts

Sources: Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp), Loan Agreement (Ea Engineering Science & Technology Inc)

Default Option. The interest rate margin and index described in the "“VARIABLE INTEREST RATE" ” paragraph above herein (the "“Default Option"”).

Appears in 1 contract

Sources: Business Loan Agreement (AeroVironment Inc)

Default Option. The interest rate margin and index described in the "VARIABLE INTEREST RATE" paragraph above herein (the "Default Option").

Appears in 1 contract

Sources: Change in Terms Agreement (Eaco Corp)

Default Option. The interest rate margin and index described in the "VARIABLE INTEREST RATEVariable Interest Rate" paragraph above (the "Default Option").

Appears in 1 contract

Sources: Promissory Note (Fresh Enterprises Inc)