Common use of LIBOR Flex Rate Clause in Contracts

LIBOR Flex Rate. Designation of a LIBOR Rate is subject to the following requirements: (i) The LIBOR Rate shall fluctuate daily in accordance with changes to the LIBOR Rate.

Appears in 2 contracts

Sources: Promissory Note (Grubb & Ellis Healthcare REIT, Inc.), Promissory Note (Grubb & Ellis Healthcare REIT, Inc.)