Common use of Libor Option Clause in Contracts

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)

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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/)

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