Common use of Optional Interest Rates Clause in Contracts

Optional Interest Rates. Instead of the interest rate based on the rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Ex-Im Line during interest periods agreed to by the Bank and the Borrower. In no event shall the optional interest rate exceed the Maximum Rate. 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 rate is available:

Optional Interest Rates. Instead of the interest rate based on the rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Ex-Im Line Facility No. 2 during interest periods agreed to by the Bank and the Borrower. In no event shall the optional interest rate exceed the Maximum Rate. The optional interest rates shall be are 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:

Optional Interest Rates. Instead of the interest rate based on the rate stated in the paragraph entitled “"Interest Rate” " above, the Borrower may elect the optional interest rates rate listed below for this Ex-Im Line the Facility during interest periods agreed to by the Bank and the Borrower. In no event shall the The optional interest rate exceed the Maximum Rate. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an the optional rate under this Agreement is referred to as a “"Portion.” " The following optional interest rate is available:: The LIBOR Rate plus the Applicable Margi n as defined below.

Optional Interest Rates. Instead of the interest rate based on the rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates rate listed below for this Ex-Im Line Facility No. 1 during interest periods agreed to by the Bank and the Borrower. In no event shall the The optional interest rate exceed the Maximum Rate. The optional interest rates shall be subject to the terms and conditions described later in Section 2 of 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: