LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Interest Rate plus 1.25% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ 1.00 - Reserve Requirement Where,
Appears in 2 contracts
Sources: Credit Agreement (Renaissance Learning Inc), Credit Agreement (Advantage Learning Systems Inc)
LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Interest Rate plus 1.251.95% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ ----------------------------- 1.00 - Reserve Requirement Where,
Appears in 1 contract
Sources: Credit Agreement (Datalink Corp)
LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Interest Rate plus 1.25% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ ---------------------------- 1.00 - Reserve Requirement Where,
Appears in 1 contract
LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Interest Rate plus 1.25% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. : London Interbank Offered Rate LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ ----------------------------- 1.00 - Reserve Requirement Where,
Appears in 1 contract
LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note B bear interest at the LIBOR Interest Rate plus 1.251.10% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ 1.00 - Reserve Requirement Where,Rate
Appears in 1 contract
Sources: Credit Agreement (Datalink Corp)
LIBOR INTEREST RATE OPTION. Subject to the terms and conditions of the Agreement the Borrower may elect that all or portions of the principal balance of this Revolving Note bear interest at the LIBOR Interest Rate plus 1.25% (the "LIBOR Interest Rate Option"). Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions. The LIBOR Interest Rate shall be computed in accordance with the following formula. LIBOR Interest Rate = London Interbank Offered Rate ------------------------------ ----------------------------- 1.00 - Reserve Requirement Where,
Appears in 1 contract