Prime Rate Option. If Borrower selects the Prime Rate pricing option, Borrower shall repay the amount of principal drawn in forty-seven (47) equal monthly payments of principal plus accrued interest and one final payment of all outstanding principal and accrued interest.
Prime Rate Option. (i) All or a portion of the unpaid principal balance of cash Advances under the Revolving Credit, unless subject to the LIBOR Rate Option, shall bear interest, subject to the terms hereof, and
(ii) all or a portion of the unpaid principal balance of the Acquisition Line, unless subject to the LIBOR Rate Option, shall bear interest, subject to the terms hereof, at the Prime Based Rate ("Prime Based Rate Option"). Changes in the Prime Rate shall become effective on the same day as Lender announces a change in its Prime Rate. Interest on Prime Based Loans shall be due and payable in arrears on the first day of each calendar month.
Prime Rate Option. Except as CGI may elect from time to time in accordance with Section 5.2 hereof, Advances shall bear and CGI agrees to pay interest equal to the Prime Rate. Prime Rate shall mean for any day, the rate defined as the "prime rate" as published from time to time in the Eastern Edition of The Wall Street Journal as the average prime lending rate for seventy-five percent (75%) of the United States' thirty (30) largest commercial banks, or if The Wall Street Journal shall cease publishing the "prime rate" on a regular basis, such other regularly published average prime rate application to such commercial banks as is acceptable to CGI in its reasonable discretion.
Prime Rate Option. Interest on the principal amount of all Loans at any time subject to the interest rate option provided for pursuant to this Section 4.01(c) (the "Prime Rate Option") shall be at rates determined by adding the Prime Rate in effect from time to time and the applicable Indicated Spread for the Prime Rate Option set forth in Section 4.01(d) below. The interest rate in effect under the Prime Rate Option shall change automatically and immediately with each change in the Prime Rate. The Prime Rate Option shall be in effect for all portions of the principal of the Loans for which the LIBOR Rate Option is not in effect at any time.
Prime Rate Option. A rate of interest established by IDB as its prime rate of interest, as determined by IDB from time to time (the “Prime Rate”), plus a margin of 100 basis points. Any change in the Prime Rate shall take effect on the date of the change in the Prime Rate; or (ii)
Prime Rate Option. Unless the Borrower chooses the LIBOR Rate Option as defined below, the principal balance outstanding under this Revolving Note will bear interest (computed on the basis of a 360-day year, actual days elapsed) at an annual rate equal to the Prime Rate in effect from time to time (the "Prime Rate Option"). The "Prime Rate" is a base rate that the Bank from time to time establishes and which serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto. Each change in the rate of interest hereunder shall become effective on the date each Prime Rate change is announced within the Bank.
Prime Rate Option. A fluctuating interest rate per annum for each ----------------- day equal to the sum of: (A) the Prime Rate of the Lender, in effect from time to time (such interest rate to change immediately upon any change in the Prime Rate) plus (B) the ---- Applicable Margin then in effect.
Prime Rate Option. Unless the Borrower chooses the LIBOR Interest Rate Option as defined below, the principal balance outstanding under this Revolving Note shall bear interest at an annual rate equal to the Prime Rate, less 1.0% floating (the "Prime Rate Option"). "Prime Rate" is a base rate that the Bank from time to time establishes and which serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto.
Prime Rate Option. A rate per annum equal to the (A) the Prime Rate plus (B) the Applicable Margin (as defined in the Credit Agreement referred to in the Loan Agreement) for Base Rate Loans (as defined in the Credit Agreement). For purposes hereof, the term “Prime Rate” means a per annum rate of interest, calculated on a 365 or 366 day, as the case may be, basis but charged on the actual number of days elapsed, equal to the rate of interest announced from time to time by Bank as its Prime Rate which rate is not necessarily the lowest interest rate charged by the Bank for loans, such Prime Rate to change from time to time as of the effective date of each change in the Prime Rate. If and when the Prime Rate changes, the rate of interest with respect to any advance to which the Prime Rate Option applies will change automatically without notice to Undersigned, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Prime Rate Option.
Prime Rate Option. A fluctuating interest rate per annum equal to the Prime Rate in effect from time to time, such interest rate to change at the opening of business on the day specified in the public announcement of a change in the Prime Rate.
