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 rate listed below 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 rate is available: (a) the LIBOR Rate plus 1.0 percentage point.

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower Borrowers may elect the optional interest rate rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. 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 rate is rates are available: (a) the LIBOR Rate plus 1.0 percentage pointthe Applicable Margin as defined below. (b) the IBOR Rate plus the Applicable Margin as defined below.

Optional Interest Rates. Instead of the interest rate based on the Bank's ’s Prime Rate, the Borrower may elect the optional interest rate listed below 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 rate is available: (a) the : The LIBOR Rate plus 1.0 percentage pointthe Applicable Margin as defined below.

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rate rates listed below 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 rate is rates are available: (a) the LIBOR Rate plus 1.0 percentage point.the Applicable Margin as defined below (b) the IBOR Rate plus the Applicable Margin as defined below

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower Borrowers may elect the optional interest rate rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. 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 rate is rates are available: (a) the IBOR Rate plus the Applicable Margin as defined below. (b) the LIBOR Rate plus 1.0 percentage pointthe Applicable Margin as defined below.

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Base Rate, the Borrower may elect the optional interest rate listed below for the Line of Credit 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 rate is available: (a) the : The LIBOR Rate (as defined in Section 3.2(c)) plus 1.0 percentage pointthe Applicable LIBOR Rate Margin set forth in Section 2.7 below.