Common use of Quoted Rate Option Clause in Contracts

Quoted Rate Option. At a fixed rate per annum to be quoted by CoBank in its sole discretion in each instance (the “Quoted Fixed Rate Option”). Under this option, rates may be fixed on such balances and for such periods (each, a “Quoted Fixed Rate Period”), as may be agreeable to CoBank in its sole discretion in each instance, provided that: (1) rates may not be fixed for Quoted Fixed Rate Periods of less than 30 days; (2) rates may only be fixed on balances of $100,000.00 or in increments of $100,000 in excess thereof; and (3) the maximum number of balances that may be subject to this option at any one time shall be five (5).

Quoted Rate Option. At a fixed rate per annum to be quoted by CoBank in its sole discretion in each instance (the “Quoted Fixed Rate Option”). Under this option, rates may be fixed on such balances and for such periods (each, a “Quoted Fixed Rate Period”), as may be agreeable to CoBank in its sole discretion in each instance, provided that: (1) rates may not be fixed for Quoted Fixed Rate Periods of less than 30 days; (2) rates may only be fixed on balances of $100,000.00 or in increments of $100,000 in excess multiples thereof; and (3) the maximum number of balances that may be subject to this option at any one time shall be five (5).

Quoted Rate Option. At a fixed rate per annum to be quoted by CoBank in its sole discretion in each instance (the “Quoted Fixed Rate Option”). Under this option, rates may be fixed on such balances and for such periods (each, a “Quoted Fixed Rate Period”), ) as may be agreeable to CoBank in its sole discretion in each instance, provided that: (1a) rates may not be fixed for Quoted Fixed Rate Periods of less than 30 daysone year; (2b) rates may only be fixed on balances of not less than $100,000.00 or in increments of $100,000 in excess thereof100,000.00; and (3c) the maximum number of balances that may be subject to this option at any one time shall be five (5).

Quoted Rate Option. At a fixed rate per annum to be quoted by CoBank in its sole discretion in each instance (the “Quoted Fixed Rate Option”). Under this option, rates may be fixed on such balances and for such periods (each, a “Quoted Fixed Rate Period”), ) as may be agreeable to CoBank in its sole discretion in each instance, provided that: (1) rates may not be fixed for Quoted Fixed Rate Periods of less than 30 daysone year; (2) unless the Company fixes the rate of interest on the entire amount of the Loans, rates may only be fixed on balances of not less than $100,000.00 or in increments of $100,000 in excess thereof100,000.00; and (3) the maximum number of balances that may be subject to this option at any one time shall be five (5).

Quoted Rate Option. At a fixed rate per annum to be quoted by CoBank in its sole discretion in each instance (the “Quoted Fixed Rate Option”). Under this option, rates may be fixed on such balances and for such periods (each, a “Quoted Fixed Rate Period”), as may be agreeable to CoBank in its sole discretion in each instance, provided that: (1) rates may not be fixed for Quoted Fixed Rate Periods of less than 30 180 days; (2) rates may only be fixed on balances of $100,000.00 or in increments of $100,000 in excess multiples thereof; and (3) the maximum number of balances that may be subject to this option at any one time shall be five (5).