Common use of Interest Rate Options Clause in Contracts

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve (12) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBO-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve (12) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such LenderBank’s highest lawful rate, the rate of interest on such LenderBank’s Loan shall be limited to such LenderBank’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans Loans, or portions thereof, as set forth below applicable to selected by the respective LoansBorrower in accordance with the terms and conditions hereof, at either Interest Rate Option it selects, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, Loans and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by the Borrower from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided, provided that there shall not be at any one time outstanding more than twelve seven (127) Borrowing Tranches in the aggregate among all of the Loans, and and, provided further further, that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Swing Loan Interest Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Each Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the such Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve six (126) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s 's highest lawful rate. Subject to Section 2.14, interest on the principal amount of each Loan made in an Optional Currency shall be paid by the Borrower in such Optional Currency.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve seven (127) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Each Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Committed Loans as selected by it from the Base Rate Option or Revolving Credit LIBOR Option set forth below applicable to the respective Committed Loans, it being understood that, subject to the provisions of this Agreement, the Borrower Borrowers may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches of the Committed Loans, and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Committed Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Committed Loans. If at any time the designated rate applicable to any Committed Loan made by any Lender Bank exceeds such LenderBank’s highest lawful rate, the rate of interest on such LenderBank’s Committed Loan shall be limited to such LenderBank’s highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Committed Loans as selected by it from the Base Rate Option or Revolving Credit Euro-Rate Option set forth below applicable to the respective Committed Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches of the Committed Loans and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Committed Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Committed Loans. If at any time the designated rate applicable to any Committed Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Committed Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option, CD Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there -------- shall not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the AsLoans accruing interest at a CD Rate Option or a Euro-Offered Rate shall apply to the Swing LoansOption. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans Loan as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective LoansLoan, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans Loan comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans Loan comprising any Borrowing Tranche, provided that there shall -------- not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the LoansLoan, and provided further that only the As-Offered Base Rate ---------------- Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s 's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided PROVIDED that there shall not be at any one time outstanding more than twelve Six (126) Borrowing Tranches in the aggregate among all of the Loans, and provided further PROVIDED FURTHER that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful raterate (i.e., the highest rate such Bank is permitted to charge to the Borrower, taking into account all applicable Laws), the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBO-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided PROVIDED that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further PROVIDED FURTHER that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s 's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve (12) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans (other than Swing Loans) comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the LoansLoans accruing interest at the LIBOR Option, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

Interest Rate Options. The Borrower and the Co-Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower and the Co-Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve seven (127) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the AsLoans accruing interest at a Euro-Offered Rate shall apply to the Swing LoansOption. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s 's highest lawful rate.

Interest Rate Options. The Each Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or Euro-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the such Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve six (126) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s highest lawful rate.'s

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further providedfurther that only the As-Offered Swing Loan Interest Rate shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Each Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Committed Loans as selected by it from the Base Rate Option or Revolving Credit LIBOR Option set forth below applicable to the respective Committed Loans, it being understood that, subject to the provisions of this Agreement, the Borrower Borrowers may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches of the Committed Loans and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Committed Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve eight (12) 8) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Rate shall apply to the Swing Committed Loans. If at any time the designated rate applicable to any Committed Loan made by any Lender Bank exceeds such Lender’s Bank's highest lawful rate, the rate of interest on such Lender’s Bank's Committed Loan shall be limited to such Lender’s Bank's highest lawful rate.

Interest Rate Options. The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBO-Rate Option set forth below applicable to the respective Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and Borrower may select different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche, provided that there shall not be at any one time outstanding more than twelve ten (1210) Borrowing Tranches in the aggregate among all of the Loans, and provided further that only the As-Offered Base Rate Option shall apply to the Swing Loans. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s 's highest lawful rate, the rate of interest on such Lender’s 's Loan shall be limited to such Lender’s 's highest lawful rate.