Reference Rate Loan Clause Samples
Reference Rate Loan. The unpaid principal of the Reference Rate Loans shall bear interest prior to maturity at a rate per annum equal to the Alternate Base Rate in effect from time to time. Prior to maturity interest on each Reference Rate Loan shall be payable on each Payment Date therefor and on the Termination Date.
Reference Rate Loan. The Borrower shall promptly notify the Lender of any loss, damage, or destruction to the Collateral or Guarantor Collateral or arising from its use, whether or not covered by insurance. The Lender is hereby authorized to collect all insurance proceeds directly. After deducting from such proceeds the expenses, if any, incurred by the Lender in the collection or handling thereof, the Lender may apply such proceeds to the reduction of the Obligations in such order as the Lender determines or at the Lender's option may permit or require the Borrower to use such money, or any part thereof, to replace, repair, restore or rebuild the Collateral or Guarantor Collateral
Reference Rate Loan. Deleted.