LIBOR Rate Option. Interest under this Interest Rate Option shall accrue, for each LIBOR Rate Portion of the Loans outstanding, for any LIBOR Rate Interest Period selected, at a rate per annum equal to the sum of (A) the LIBOR Rate plus (B) the Applicable LIBOR Rate Margin as determined below. The rate of interest established pursuant to the preceding sentence of this paragraph (ii) for each LIBOR Rate Portion shall be adjusted from time to time in accordance with the provisions of Section 2.2d.
Appears in 2 contracts
Sources: Credit Agreement (Ansoft Corp), Credit Agreement (Ansoft Corp)