Common use of Interest Rates Applicable to Line of Credit Clause in Contracts

Interest Rates Applicable to Line of Credit. Except as otherwise provided in this Agreement, the unpaid principal amount of each Line of Credit Advance evidenced by the Revolving Note shall accrue interest at an annual interest rate calculated as follows: Floating Rate Pricing The “Floating Rate” for Line of Credit Advances = the Daily Three Month LIBOR rate plus five and one-half percent (5.50%), which rate shall change whenever the Daily Three Month LIBOR rate changes.”

Interest Rates Applicable to Line of Credit. Except as otherwise provided in this Agreement, the unpaid principal amount of each Line of Credit Advance evidenced by the Revolving Note shall accrue interest at an annual interest rate calculated as follows: Floating Rate Pricing The “Floating Rate” for Line of Credit Advances = the is equal to an interest rate equal to Daily Three Month LIBOR rate plus five and one-half percent (5.50%)the applicable Margin, which interest rate shall change whenever the Daily Three Month LIBOR rate changes.”

Interest Rates Applicable to Line of Credit. Except as otherwise provided in this Agreement, the unpaid principal amount of each Line of Credit Advance evidenced by the Revolving Note shall accrue interest at an annual interest rate calculated as follows: Floating Rate Pricing The “Floating Rate” for Advances under the Line of Credit Advances = the An interest rate equal to Daily Three Month LIBOR rate plus five three and one-half percent (5.503.50%)) per annum, which interest rate shall change whenever the Daily Three Month LIBOR rate changes.”; Or