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 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 2 contracts

Samples: Business Loan Agreement (California Water Service Group), Business Loan Agreement (California Jockey Club)

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Optional Interest Rates. Instead of the interest rate based on the Bank's 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 1 contract

Samples: Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 (California Water Service Group)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference 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: (a) the IBOR Rate plus 0.7 percentage point.

Appears in 1 contract

Samples: Business Loan Agreement (Next Level Communications Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the IBOR Rate plus 0.75 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Calavo Growers Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the LIBOR Rate plus 1.5 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Wet Seal Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the IBOR Rate plus 1.125 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Cost Plus Inc/Ca/)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the IBOR Rate plus 1.75 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Farr Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 3 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: (a) Fixed Rates.

Appears in 1 contract

Samples: Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the LIBOR Rate plus 1.7 percentage points. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Business Loan Agreement (E Tek Dynamics Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the Cayman Rate plus three-fourths (3/4) percentage point.

Appears in 1 contract

Samples: Business Loan Agreement (Abm Industries Inc /De/)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 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: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Chromavision Medical Systems Inc)

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Optional Interest Rates. Instead of the interest rate based on ----------------------- the Bank's 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 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: (a) Short Term Base Rate plus 2 percentage points. (b) the IBOR Rate plus 2 percentage points. (c) Long Term Rates plus 2 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Grill Concepts Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, 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: (a) the LIBOR Rate plus 1.5 percentage points. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Business Loan Agreement (E Tek Dynamics Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, 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: Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference 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: (a) the IBOR Rate plus 1.625 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Ashworth Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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:. (a) the LIBOR Rate plus 1.5 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Wet Seal Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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: (a) the LIBOR Rate plus 0.75 percentage point.

Appears in 1 contract

Samples: Business Loan Agreement (SRS Labs Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference 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: (a) the IBOR Rate plus 1 percentage points. (b) the LIBOR Rate plus 1 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Pricesmart Inc)

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