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 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 rates are available:

Appears in 2 contracts

Samples: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Impco Technologies Inc)

AutoNDA by SimpleDocs

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 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 following optional interest rates interests rate are available:

Appears in 2 contracts

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

Optional Interest Rates. Instead of the interest rate rates based on the Bank's Reference Rate, the Borrower may elect the optional interest rates rate listed below for this Facility No. 1 4 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 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 Reference 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 elected by the Borrower and agreed to by the Bank and the BorrowerBank. The optional interest rate 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) Term SOFR plus 1.37 percentage point(s). 2.6

Appears in 1 contract

Samples: Credit Agreement Between Tejon Ranchcorp (Tejon Ranch 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. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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 (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 for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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 (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 for this Facility No. 1 No.1 during interest periods agreed to by the Bank and the Borrower. The optional interest rate rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an one of the optional rate rates under this Agreement is referred to as a "Portion." The following optional interest rates are available:

Appears in 1 contract

Samples: Business Loan Agreement (Quidel Corp /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 for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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)

AutoNDA by SimpleDocs

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 4 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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 rates based on the Bank's Reference Rate, the Borrower may elect the optional interest rates rate listed below for this Facility No. 1 5 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 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 Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 1 4 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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 Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 1 3 during interest periods agreed to by the Bank and the Borrower. The optional interest rate 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 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 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 (Next Level Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!