Optional Interest Rate. Instead of an interest rate based on the Reference Rate, the Borrowers may elect to have all or portions of their outstanding advances and loans (herein called a "LIBOR Rate Portion") bear interest based on the "LIBOR Rate" (described below), plus the addition of a spread, as described more particularly in Paragraphs 2.4(a), 3.4(a) and 4.4(a). Designation of a LIBOR Rate Portion is subject to the following requirements:
Optional Interest Rate. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the IBOR Rate plus 1.20 percentage points during interest periods agreed to by the Bank and the Borrower. The optional interest rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at the optional rate under this Agreement is referred to as a "Portion."
Optional Interest Rate. Instead of the interest rate based on the Bank's Reference Rate, Borrowers may elect the optional interest rate listed below for this line of credit during interest periods agreed to by the Bank and the Borrowers. The optional interest rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rate is available:
Optional Interest Rate. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rate listed below for this Facility No. 3 during interest periods agreed to by the Bank and the Borrower. The optional interest rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The optional interest rate available is the Cayman Rate plus 2.10 percentage points.
Optional Interest Rate. (a) Instead of the interest rates based on the LIBOR Rate as described in Section 1.4 below, the Borrower may elect to have any Advance bear interest at a rate based on the Bank's Prime Rate. Tax-Exempt Advances would bear interest at the Bank’s Prime Rate, and Taxable Advances would bear interest at the Bank’s Prime Rate.
Optional Interest Rate. Instead of the interest rate based on Bank's Prime Rate, Borrower may elect to have all or any portion, but not less than $500,000.00 of the revolving portion of the Revolving Line (during the Revolving Availability Period) bear interest at the rate described below ("Optional Interest Rate") during an interest period agreed to in writing by Bank and Borrower. Each interest rate is a rate per annum. Interest will be paid in arrears. At the end of any interest period, the interest rate will revert to the rate based on the Prime Rate, unless Borrower has designated another Optional Interest Rate for that portion. The optional interest rate will be equal to LIBOR, as described below, plus a spread equal to one and one half percent (1.50%) per annum.
Optional Interest Rate. (a) Instead of the interest rate based on the rate stated in Paragraph 1.4 entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rate is available: The interest rate is a rate per year equal to the BBA LIBOR Rate (Adjusted Periodically) plus one (1.0%) percentage point.
Optional Interest Rate. Instead of the interest rate based on the Bank's Reference Rate, Heublein, Inc.("Heublein") on behalf of the Borrower, may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available:
Optional Interest Rate. Instead of the interest rate based on the BBA LIBOR Daily Floating Rate, the Borrower may elect the optional interest rate listed below during interest periods designated pursuant to Section 2.2(a) below. The optional interest rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a “Portion,” and each interest period designated pursuant to Section 2.2(a) for such Portion is referred to as an "Interest Period". The following optional interest rate is available:
Optional Interest Rate. Instead of the interest rate based on Sumitomo's Prime Rate, Borrowers may elect to have all or portions of the Loans bear interest at the Offshore Rate plus the Applicable Spread (as defined below) (the "Optional Interest Rate"), during an interest period agreed to by Agent and Borrowers. Each interest rate is a rate per annum. Interest will be paid on the last day of each interest period and, if the interest period is longer than 30 days, then on the first day of each month during the interest period. At the end of any interest period, the interest rate will revert to the rate based on the Prime Rate, unless Borrowers have designated another Optional Interest Rate for that portion. In offering Optional Interest Rates, neither Bank shall be obligated to match fund. Designation of an Offshore Rate portion is subject to the following requirements:
