Common use of Rate Periods Clause in Contracts

Rate Periods. At any time when Borrower selects, converts to, or ----------------- renews the Libor Rate Option, Borrower shall fix a period (the "Rate Period") ----------- which shall be one, two, three, or six months, during which the Libor Rate Option shall apply to the corresponding Rate Segment; provided, that Borrower -------- may not elect a Rate Period interest under the Note shall in no way be affected by the fact that one or more Rate Periods may be in effect.

Rate Periods. At any time when the Borrower selects, converts to, to ------------ or ----------------- renews the Libor Rate Option, the Borrower shall fix a period (the "Rate Period") ----------- which shall be one, two, three, or six monthsa period of time in any number ----------- of days selected by Borrower and acceptable to the Bank in the Bank's sole discretion, during which the Libor Rate Option shall apply to the corresponding Rate Segment; provided, that the -------- Borrower -------- may not elect a Rate Period which will end after the Maturity Date. The Bank's right to payment of principal and interest under the Note shall in no way be affected by the fact that one or more Rate Periods may be in effect."

Rate Periods. At any time when the Borrower selects, converts to, to or ----------------- ------------ renews the Libor Rate Option, the Borrower shall fix a period (the "Rate ---- Period") ----------- which shall be one, two, three, three or six months, which shall be acceptable to the Bank in the Bank's sole discretion, during which the Libor Rate Option shall apply to the corresponding Rate Segment; provided, that the Borrower may -------- may not elect a Rate Period which will end after the Maturity Date. The Bank's right to payment of principal and interest under the Note shall in no way be affected by the fact that one or more Rate Periods may be in effect.

Rate Periods. At any time when the Borrower selects, converts to, to or ----------------- ------------ renews the Libor Rate Option, the Borrower shall fix a period (the "Rate Period") ----------- which shall be one, two, three, three or six months, which ----------- shall be acceptable to the Bank in the Bank's sole discretion, during which the Libor Rate Option shall apply to the corresponding Rate Segment; provided, provided that the Borrower -------- may not elect a Rate Period which -------- ---- will end after the Maturity Date. The Bank's right to payment of principal and interest under the Note shall in no way be affected by the fact that one or more Rate Periods may be in effect."