Common use of Initial Pricing Clause in Contracts

Initial Pricing. Prime Rate Option - Prime Rate minus an increment of 1/4%. LIBOR Rate Option - LIBOR Rate plus an increment of 1.0%.

Appears in 2 contracts

Sources: Credit Agreement (Astronics Corp), Credit Agreement (Mod Pac Corp)

Initial Pricing. Prime Rate Option - β€” Prime Rate minus plus an increment of 1/40%. LIBOR Rate Option - β€” LIBOR Rate plus an increment of 1.01.20%.

Appears in 1 contract

Sources: Credit Agreement (Astronics Corp)