Common use of Optional Rates Clause in Contracts

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1, 2010, and then on the first day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event of Default, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1December 31, 20102007, and then on the first last day of each month March, June, September and December, thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July February 1, 20102006, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has Borrowers have designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July August 1, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1December 31, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has Borrowers have designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1October 31, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1February 10, 20102006, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has Borrowers have designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July November 1, 20102003, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each any interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1, 20102005, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July April 1, 20102007, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July October 1, 20102011, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each any interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph entitled "Interest Rate" above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July April 1, 20102014, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each any interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1May 31, 20102007, and then on the first last day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has Borrowers have designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July March 1, 20102009, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July January 1, 20102012, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each any interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July December 1, 20102009, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1March 31, 2010, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July January 1, 2010, 2006 and then on the first day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1August 31, 20102007, and then on the first last day of each month thereafter until payment in full of any principal principal, interest or other amounts outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each any interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1May 31, 20102007, and then on the first last day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July January 1, 20102008, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1November 30, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1March 31, 20102012, and then on the first last day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July March 1, 20102008, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1December 31, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July 1January 31, 20102011, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. annum Interest will be paid on July June 1, 20102013, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreement. Agreement No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence and during the continuance of an Event event of Defaultdefault under Section 10 of this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event such event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled "Interest Rate" above, unless the Borrower has designated another optional interest rate for the Portion.

Optional Rates. Each optional interest rate is a rate per year. Interest will be paid on July April 1, 20102004, and then on the first same day of each month thereafter until payment in full of any principal outstanding under this Agreementfacility. No Portion will be converted to a different interest rate during the applicable interest period. Upon the occurrence of an Event event of Defaultdefault under this Agreement, the Bank may terminate the availability of optional interest rates for interest periods commencing after the Event of Default default occurs. At the end of each interest period, the interest rate will revert to the rate stated in Section 1.4the paragraph(s) entitled “Interest Rate” above, unless the Borrower has Borrowers have designated another optional interest rate for the Portion.