Common use of Borrower’s Options Clause in Contracts

Borrower’s Options. Principal amounts outstanding under this Note shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations provided for in this Note (i) Prime Rate or (ii)

Appears in 1 contract

Sources: Loan and Security Agreement (Irobot Corp)

Borrower’s Options. Principal amounts outstanding under this Note hereunder shall bear interest at the following rates, at Borrower's selection, subject to the conditions and limitations limita­tions provided for in this Note Note: (i) Prime Variable Rate or (ii)) Eurodollar Rate.

Appears in 1 contract

Sources: Demand Loan Agreement (Micro Component Technology Inc)