Common use of Interest Option Clause in Contracts

Interest Option. Subject to the provisions hereof, Borrower shall have the option (an "Interest Option") of having designated portions of the unpaid principal balance of this Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Rate as provided in paragraph 4 hereof; provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00. Each Interest Option shall be exercised in the manner provided below:

Interest Option. Subject to the provisions hereof, Borrower shall have --------------- the option (an "Interest Option") of having designated portions of the unpaid --------------- principal balance of this Amended Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Rate as provided in paragraph 4 3 hereof; , provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 100,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00or an integral multiple thereof. Each The Interest Option shall be exercised in the manner provided below:

Interest Option. Subject to the provisions hereof, Borrower shall have the option (an "Interest OptionINTEREST OPTION") of having designated portions of the unpaid principal balance of this Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Base Rate as provided in paragraph 4 PARAGRAPH 3 hereof; provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 100,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00or an integral multiple thereof. Each The Interest Option shall be exercised in the manner provided below:

Interest Option. Subject to the provisions hereof, Borrower shall have the option (an "Interest Option") of having designated portions of the unpaid principal balance of this Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Base Rate as provided in paragraph 4 3 hereof; provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 100,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00or an integral multiple thereof. Each The Interest Option shall be exercised in the manner provided below:

Interest Option. Subject to the provisions hereof, Borrower shall have the option (an "Interest Option") of having designated portions of the unpaid principal balance of this Amended Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Rate as provided in paragraph 4 3 hereof; provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 100,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00or an integral multiple thereof. Each The Interest Option shall be exercised in the manner provided below:

Interest Option. Subject to the provisions hereof, Borrower shall have the option (an "Interest Option") of having designated portions of the unpaid principal balance of this Amended Note bear interest at a rate based upon the Adjusted LIBOR Rate or Adjusted Prime Rate as provided in paragraph 4 3 hereof; , provided, however, that the selection of the Adjusted LIBOR Rate for a particular Interest Period shall not be for less than $500,000.00 100,000.00 of unpaid principal and must be in increments of $100,000.00 for any LIBOR Balance above $500,000.00or an integral multiple thereof. Each The Interest Option shall be exercised in the manner provided below: