Common use of Change in Rate Clause in Contracts

Change in Rate. Each change in the fluctuating interest rate applicable to each USBR Loan, US Overdraft, Swing B Loan or US Prime Rate Loan will take place simultaneously with the corresponding change in the US Base Rate or the US Prime Rate without the necessity for any notice to the Borrowers.

Appears in 3 contracts

Sources: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Change in Rate. Each change in the fluctuating interest rate applicable to each USBR Loan, US Overdraft, Swing B Loan or US Prime Rate Loan will take place simultaneously with the corresponding change in the US Base Rate or the US Prime Rate without the necessity for any notice to the BorrowersBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Tricon Residential Inc.), Credit Agreement (Tricon Residential Inc.)

Change in Rate. Each change in the fluctuating interest rate applicable to each USBR Loan, US Overdraft, Swing B Loan or US Prime Alternate Base Rate Loan will take place simultaneously with the corresponding change in the US Base Rate or the US Prime Alternate Base Rate without the necessity for any notice to the Borrowers.

Appears in 1 contract

Sources: Credit Agreement (SunOpta Inc.)

Change in Rate. Each change in the fluctuating interest rate applicable to each USBR Loan, US Overdraft, Swing B Loan or US Prime Rate Loan will take place simultaneously with the corresponding change in the US Base Rate or the US Prime Rate without the necessity for any notice to the Borrowersnotice.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (Kaiser Francis Oil Co)