Libor Option. Subject to the provisions of this Section 2, the Borrower shall have the right to have the interest on all or any portion of the principal amount of the Revolving Credit Loans based on a LIBOR Rate.
Appears in 3 contracts
Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (Harvard Bioscience Inc), Revolving Credit Loan Agreement (Harvard Bioscience Inc)
Libor Option. Subject to the provisions of this Section 2, the Borrower each Credit Party shall have the right to have the interest on all or any portion of the principal amount of the any Revolving Credit Loans Loan based on a LIBOR Rate.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Sepracor Inc /De/), Revolving Credit Agreement (Biosphere Medical Inc), Revolving Credit Agreement (Sepracor Inc /De/)
Libor Option. Subject to the provisions of this Section 2Section, the Borrower shall have the right to have the interest on all or any portion of the outstanding principal amount of the Revolving Credit Loans Revovling Loan based on a LIBOR Standard Rate plus one percent (1%), or a LI BOR Advantage Rate plus one percent (1%), as each such Rate is hereinafter defined; provided, unless the Borrower elects the Prime Rate as provided above or LIBOR Standard Rate, all Advances shall bear interest at the LIBOR Advantage Rate.
Appears in 1 contract
Libor Option. Subject to the provisions of this Section 2Section, the Borrower shall have the right to have the interest on all or any portion of the outstanding principal amount of the Revolving Credit Loans Loan based on a LIBOR RateRate plus one percent (1%).
Appears in 1 contract
Samples: Commercial Loan Agreement (Birmingham Utilities Inc)
