Common use of LIBOR Rate Option Clause in Contracts

LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2), the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.0% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate 1.00 - Reserve Percentage Where,

Appears in 1 contract

Samples: Daktronics Inc /Sd/

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LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2), the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.01.75% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section 3 of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate 1.00 - Reserve Percentage Where,

Appears in 1 contract

Samples: Patient Infosystems Inc

LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2), the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.01.75% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section 3 of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate ------------------------- 1.00 - Reserve Percentage Where,

Appears in 1 contract

Samples: Credit Agreement (Patient Infosystems Inc)

LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2)Agreement, the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.0% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate 1.00 - Reserve Percentage Where,

Appears in 1 contract

Samples: Credit Agreement (Daktronics Inc /Sd/)

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LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2), the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.01.75% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section 3 of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate ---------------------------- 1.00 - Reserve Percentage Where,

Appears in 1 contract

Samples: Modification Agreement (Patient Infosystems Inc)

LIBOR Rate Option. Subject to the terms and conditions of the Agreement (including without limitation Section 3.2), the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Rate plus 2.01.75% (the "LIBOR Rate Option"). Specific reference is made to the "Disbursements And Payments" Section 3 of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Rate will be computed in accordance with the following formula. LIBOR Rate = London Interbank Rate 1.00 - -------------------------- 1.00- Reserve Percentage Where,

Appears in 1 contract

Samples: Patient Infosystems Inc

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