Note Rate. The first sentence of Section 1 of the Note is hereby amended to read as follows: “The Rate shall be the LESSER of: (a) the MAXIMUM RATE, or (b) the GREATER of (i) the PRIME RATE, or (ii) FIVE PERCENT (5.00%).”
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (TGC Industries Inc)