Common use of LIBOR Rate Advances Clause in Contracts

LIBOR Rate Advances. If the Borrower has made an effective election of a LIBOR Rate with respect to such Advance, at a rate per annum equal at all times during each Interest Period for such Advance to the sum of the LIBOR Rate for the applicable Interest Period plus one and three-quarters percent (1.75%) per annum, payable on the last day of each such Interest Period; provided, that if the Interest Period is longer than three months, interest shall be payable on the last day of each three-month period during such Interest Period and on the last day of such Interest Period.

LIBOR Rate Advances. If the Borrower has made an effective election of a LIBOR Rate with respect to such Advance, at a rate per annum equal at all times during each Interest Period for such Advance to the sum of the LIBOR Rate for the applicable Interest Period plus one two and three-quarters percent (1.752.75%) per annum, payable on the last day of each such Interest Period; provided, that if the Interest Period is longer than three months, interest shall be payable on the last day of each three-month period during such Interest Period and on the last day of such Interest Period.

LIBOR Rate Advances. If the Borrower has made an effective election of a LIBOR Rate with respect to such Advance, at a rate per annum equal at all times during each Interest Period for such Advance to the sum of the LIBOR Rate for the applicable Interest Period plus one and three-quarters two percent (1.752%) per annum, payable on the last day of each such Interest Period; provided, that if the Interest Period is longer than three months, interest shall be payable on the last day of each three-month period during such Interest Period and on the last day of such Interest Period.