Common use of Interest Rate Conversion Clause in Contracts

Interest Rate Conversion. The Borrower may request that, with respect to all or part of the Outstanding Loan Balance, the SOFR-based Interest Rate be converted to a fixed interest rate or any other Interest Rate Conversion option requested by the Borrower and accepted by the Bank.

Interest Rate Conversion. The Borrower may request thatrequest, with respect to all or part of the Outstanding Loan Balance, that the SOFR-based Based Interest Rate be converted to a fixed interest rate or any other Interest Rate Conversion option requested by the Borrower and accepted by the Bank.