Common use of Optional Interest Rates Clause in Contracts

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, 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:

Appears in 14 contracts

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc), Business Loan Agreement (U S Laboratories Inc), Business Loan Agreement (Vans Inc)

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Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph 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 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:

Appears in 13 contracts

Samples: Loan Agreement (Servotronics Inc /De/), Loan Agreement (Servotronics Inc /De/), Loan Agreement (Annie's, Inc.)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, 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:

Appears in 11 contracts

Samples: Loan Agreement (California Jockey Club), Agreement (SRS Labs Inc), Business Loan Agreement (Abm Industries Inc /De/)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph 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 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:

Appears in 9 contracts

Samples: Loan Agreement (American Shared Hospital Services), Loan Agreement (Nu Skin Enterprises Inc), Loan Agreement (Nu Skin Enterprises Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 2 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:

Appears in 5 contracts

Samples: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (E Tek Dynamics Inc), Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest Interest periods agreed to by the Bank and end 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:

Appears in 4 contracts

Samples: Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Facility No. 2 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:

Appears in 3 contracts

Samples: Business Loan Agreement (Excelligence Learning Corp), Second Amended and Restated Loan Agreement (Chase Corp), Business Loan Agreement (TRM Corp)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 3 contracts

Samples: Loan Agreement (California Water Service Group), Loan Agreement (Resources Connection Inc), Loan Agreement (Radiant Logistics, Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 3 contracts

Samples: Business Loan Agreement (Ashworth Inc), Business Loan Agreement (Odwalla Inc), Loan Agreement (Mercury Air Group Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Commitment 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:

Appears in 2 contracts

Samples: Loan Agreement (Calavo Growers Inc), Business Loan Agreement (Calavo Growers Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates rate listed below for the Facility during interest periods agreed to by the Bank and the Borrower. The optional interest rates rate shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an the optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are rate is available:: The LIBOR Rate plus the Applicable Margin as defined below.

Appears in 2 contracts

Samples: Standard Loan Agreement (Point.360), Loan Agreement (Point 360)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph 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. In no event shall the optional interest rate exceed the Maximum Rate. 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:

Appears in 2 contracts

Samples: Loan Agreement (Thomas Group Inc), Loan Agreement (Merit Medical Systems Inc)

Optional Interest Rates. Instead of the interest rate based on ----------------------- the Bank's Prime Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: Business Loan Agreement (Kinetics Group Inc)

Optional Interest Rates. Instead of the interest rate based on ----------------------- the Bank's Prime Reference Rate, 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." Apportions The following optional interest rates are rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Prolong International Corp)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph 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 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:.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower Borrowers 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 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:

Appears in 1 contract

Samples: Loan Agreement (Resources Connection Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's ’s Prime Rate, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: Business Loan Agreement (Bebe Stores Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 2 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:

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates rate listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates 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 rates are rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, 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, as described in Article 3:

Appears in 1 contract

Samples: Business Loan Agreement (Calgene Inc /De/)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph 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 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:

Appears in 1 contract

Samples: Loan Agreement (Ambassadors International Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, 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:

Appears in 1 contract

Samples: Business Loan Agreement (Variflex Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates rate listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rates 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 rates are rate is available:

Appears in 1 contract

Samples: First Amended And (Schmitt Industries Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled "Interest Rate" above, the Borrower may elect the optional interest rates listed below for this Commitment 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:

Appears in 1 contract

Samples: Business Loan Agreement (Calavo Growers Inc)

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Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled "Interest Rate" above, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Base Rate, the Borrower may elect the optional interest rates rate listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates 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 rates are rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Universal Electronics Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates listed below for this Facility No. Three during the 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 rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates listed below for this Facility No. One during interest periods agreed to by the Bank and the Borrowerset forth in Section 4.2 hereof. 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 rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. 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:

Appears in 1 contract

Samples: Loan Agreement (Grill Concepts Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: California Water Service Group

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, 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 rate is available:: The LIBOR Rate plus the Applicable Margin as defined below.

Appears in 1 contract

Samples: Business Loan Agreement (Leapfrog Enterprises Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this line of credit 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 rate is available:: the LIBOR Rate plus the Applicable Rate as defined below.

Appears in 1 contract

Samples: Loan Agreement (Sport Chalet Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates listed below for this Facility No. Two during interest periods agreed to by the Bank and the Borroweras set forth in Section 4.2 hereof. 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 rate is available:

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's ’s Prime Rate, the Borrower may elect the optional interest rates rate listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates 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 rates are rate is available:: The LIBOR Rate plus the Applicable Margin as defined below.

Appears in 1 contract

Samples: Business Loan Agreement (Remedytemp Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates for this Facility No. 3 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:

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

Optional Interest Rates. (a) Instead of the interest rate based on the Bank's Prime Reference Rate, the Borrower Borrowers may elect the optional interest rates listed rate specified below during interest periods agreed to by the Bank and the BorrowerBorrowers. The optional interest rates 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 rates are available:rate that is available is the LIBOR Rate plus 0.5 percentage point.

Appears in 1 contract

Samples: Line of Credit Agreement (Gymboree Corp)

Optional Interest Rates. Instead of the interest Interest rate based on the Bank's Prime rate stated in the paragraph 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 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:

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: Business Agreement (Ashworth Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. 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:

Appears in 1 contract

Samples: Loan Agreement (California First National Bancorp)

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