LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the Long Term Rate, subject to the following requirements: (a) The interest period during which the Long Term Rate will be in effect will be one year or more.
Appears in 4 contracts
Samples: Business Loan Agreement (Coffee People Inc), Business Loan Agreement (Tab Products Co), Business Loan Agreement (Claremont Technology Group Inc)
LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the rate equal to the lesser of (a) the Maximum Rate, or (b) the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
Appears in 2 contracts
Samples: Business Loan Agreement (Travis International Inc), Business Loan Agreement (Travis International Inc)
LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loans bear interest at the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loans under Facility No. 2 bear interest at the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
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LONG TERM RATE. The Borrower may elect to have all or portions of the -------------- principal balance of the loan Term Loan A bear interest at a rate equal to the lesser of (a) the Maximum Rate or (b) the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.for the remaining term of the Term Loan A.
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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the Long Term Rate, subject to the following requirements:
same requirements set forth in subparagraphs (a) The interest period during which the Long Term Rate will be in effect will be one year or morethrough (i) of Paragraph 2.
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LONG TERM RATE. The Borrower Borrowers may elect to have all or portions of the principal balance of the loan bear interest at the rate equal to the lesser of (a) the Maximum Rate, or (b) the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
Appears in 1 contract
LONG TERM RATE. The Borrower may elect to have all or portions of the -------------- principal balance of the term loan bear interest at a rate equal to the lesser of (a) the Maximum Rate or (b) the Long Term Rate, subject to the following requirements:
(a1) The interest period during which the Long Term Rate will be in effect will be one year or morefor the remaining term of the term loan.
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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loan bear interest at the Long Term Rate, subject to the following requirements:requirements (each such portion bearing interest at a Long Term Rate is referred to herein as a "Long Term Rate Portion"):
(a) The interest period during which the for a Long Term Rate will be in effect Portion will be one year or more, as elected by the Borrower.
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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the term loan bear interest at the Long Term Rate, subject to the following requirements:
(a) The interest period during which the Long Term Rate will be in effect will be one year or more.
Appears in 1 contract
Samples: Business Loan Agreement (Claremont Technology Group Inc)
