OFFSHORE RATE. The election of Offshore Rates shall be subject to the following terms and requirements:
Appears in 3 contracts
Samples: Business Loan Agreement (U S Laboratories Inc), Business Loan Agreement (Tab Products Co), Business Loan Agreement (U S Laboratories Inc)
OFFSHORE RATE. The election of Offshore Rates shall be subject to the following terms and requirements:
(a) The "Offshore Rate" means the interest rate the Bank and the Borrower agree will apply to the Portion during the applicable interest period.
Appears in 1 contract
Samples: Business Loan Agreement (Farr Co)
