Common use of Limits On Options Clause in Contracts

Limits On Options. Each Fixed LIBOR Rate Loan and each Variable Rate Loan shall be in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000.00). At no time shall there be

Limits On Options. Each Fixed LIBOR Rate Loan and each Variable Rate Loan shall be in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000.00). At no time shall there bebe outstanding a total of more than fifteen (15) Fixed LIBOR Rate Loans at any time; provided, that Fixed LIBOR Rate Loans with the same Interest Period (with respect to both commencement and completion dates) shall, for purposes hereof, be considered one (1)