We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

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 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:

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 Borrowers Borrower may elect the optional interest rates listed below 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) the IBOR Rate plus one and three quarters (1.75) percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Novatel Wireless Inc)

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 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 Fixed Rates. (b) the IBOR Rate plus 0.9 percentage point. (c) the LIBOR Rate plus 0.9 percentage point.

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 Prime Rate, the Borrowers may elect the optional interest rates listed below 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) the LIBOR Rate plus the Applicable Margin as defined below. (b) the IBOR Rate plus the Applicable Margin as defined below.

Appears in 1 contract

Samples: Loan Agreement (Mercury Air Group Inc)

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 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 Fixed Rates. (b) the LIBOR Rate plus 0.75 percentage points

Appears in 1 contract

Samples: Business Loan Agreement (Roseville Communications Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Raterate stated in Section 1.4(a), the Borrowers Borrower may elect the optional interest rates listed below for the Line of Credit during interest periods agreed to by the Bank set forth in Section 3.2(a) and the Borrowers3.3(a). The optional interest rates shall be subject to the terms and conditions described later in this AgreementArticle 3. 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:: o The LIBOR Rate plus the Applicable Rate as defined below. o The IBOR Rate plus the Applicable Rate as defined below.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, 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 Borrowers Borrower may elect the optional interest rates listed below for this line of credit 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 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 Reference Raterate stated in Section 1.4(a), the Borrowers Borrower may elect the optional interest rates listed below for the Line of Credit during interest periods agreed to by the Bank set forth in Section 3.2(a) and the Borrowers3.3(a). The optional interest rates shall be subject to the terms and conditions described later in this AgreementArticle 3. 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:: • The LIBOR Rate plus the Applicable Rate as defined below. • The IBOR Rate plus the Applicable Rate as defined below. LOAN AGREEMENT aws/0460/wxxxxx

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

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 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) the IBOR Rate plus 1.25 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (K Swiss Inc)

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 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) the LIBOR Rate plus the Applicable Margin as defined below (b) the IBOR Rate plus the Applicable Margin as defined below

Appears in 1 contract

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc)

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 rate listed below during interest periods agreed to by the Bank and the BorrowersBorrower. 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: (a) the LIBOR Rate plus 1.0 percentage point.

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 Reference Prime Rate, the Borrowers Borrower may elect the optional interest rates listed below 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 Fixed Rates. (b) Offshore Rates.

Appears in 1 contract

Samples: Business Loan Agreement (U S Laboratories Inc)

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 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) the IBOR Rate plus 2.00 percentage points."

Appears in 1 contract

Samples: Business Loan Agreement (Variflex Inc)

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 rate listed below during interest periods agreed to by the Bank and the BorrowersBorrower. 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 Reference Prime Rate, the Borrowers may elect the optional interest rates listed below 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) the IBOR Rate plus the Applicable Margin as defined below. (b) the LIBOR Rate plus the Applicable Margin as defined below.

Appears in 1 contract

Samples: Business Loan Agreement (Odwalla Inc)

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 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) the LIBOR Rate plus 2.00 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (National Rv Holdings Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Base Rate, the Borrowers Borrower may elect the optional interest rates rate listed below for the Line of Credit during interest periods agreed to by the Bank and the BorrowersBorrower. 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 (as defined in Section 3.2(c)) plus the Applicable LIBOR Rate Margin set forth in Section 2.7 below.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

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 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) The IBOR Rate plus 2.35 percentage points.

Appears in 1 contract

Samples: Business Loan Agreement (Advanced Machine Vision Corp)