Common use of Optional Interest Rates Clause in Contracts

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrowers. 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: (a) Short Term Base Rates plus 1.625 percentage points. (b) IBOR Rates plus 1.625 percentage points.

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference ’s Prime Rate, the Borrowers Borrower may elect the optional interest rates IBOR Rate listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowersBorrower. The optional interest rates shall be subject to the terms and conditions described later in this AgreementSection 2.2. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "“Portion." The following optional ” Each Portion shall bear interest rates are available: at the IBOR Rate for that Portion (adetermined in accordance with Section 2.2) Short Term Base Rates plus 1.625 percentage points1.75 percent per annum. (b) IBOR Rates plus 1.625 percentage points.

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Prime Rate, the Borrowers Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowersBorrower. 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: (a) Short Term Base Rates The IBOR Rate plus 1.625 2.35 percentage points. (b) IBOR Rates plus 1.625 percentage points.

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrowers Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrowersof one, two, three or six months. 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: (a) Short Term Base Rates : the IBOR Rate plus 1.625 2.25 percentage points. (b) IBOR Rates plus 1.625 percentage points.