Common use of Optional Interest Rate Clause in Contracts

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, the Borrower may elect the IBOR Rate plus 1.20 percentage points optional interest rate 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 the an optional rate under this Agreement is referred to as a "Portion."" The optional interest rate available is the Cayman Rate plus 1.75 percentage points.

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 optional interest rate listed below 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 an optional rate under this Agreement is referred to as a "Portion."" The following optional interest rate is available: the IBOR Rate plus 0.75 percentage points.

Optional Interest Rate. Instead of the interest rate based on the Bank's Reference Prime Rate, the Borrower may elect the IBOR Rate plus 1.20 percentage points optional interest rate listed below 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 an optional rate under this Agreement is referred to as a "Portion."" The following optional interest rate is available: the IBOR Rate plus 0.75 percentage points.