Common use of Optional Interest Rates Clause in Contracts

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Chromavision Medical Systems Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Prime Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. , Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 0.7 percentage pointspoint. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Next Level Communications Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 0.75 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Calavo Growers Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." ". The following optional interest rates are available: (a) the Short Term Base LIBOR Rate plus 1.50 1.5 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Wet Seal Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 2 during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 1.7 percentage points.. --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Business Loan Agreement (E Tek Dynamics Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Cayman Rate plus 1.50 three-fourths (3/4) percentage pointspoint. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Abm Industries Inc /De/)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 3 during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage pointsFixed Rates. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Prime Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 1 percentage points. (b) the LIBOR Rate plus 1.50 1 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Pricesmart Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Prime Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 1.625 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Ashworth Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 1.5 percentage points.. --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Business Loan Agreement (E Tek Dynamics Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 1.125 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Cost Plus Inc/Ca/)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 1.75 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Farr Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 0.75 percentage pointspoint.

Appears in 1 contract

Sources: Business Loan Agreement (SRS Labs Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrowerof one, two, three or six months. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are rate is available: (a) : the Short Term Base IBOR Rate plus 1.50 2.25 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Fuel Tech N V)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Tab Products Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below for this Facility No.1 during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an one of the optional rate rates under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus PLUS 1.50 percentage points. (b) the LIBOR Rate plus PLUS 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available:. (a) the Short Term Base LIBOR Rate plus 1.50 1.5 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Wet Seal Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below during interest periods agreed to by the Bank and the BorrowerBorrowers. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Agreement Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate plus 1.50 2 percentage points. (b) the LIBOR IBOR Rate plus 1.50 2 percentage points. (c) Long Term Rates plus 2 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Grill Concepts Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower Borrowers may elect the optional interest rates listed below for this Facility No. 1 during interest periods agreed to by the Bank and the BorrowerBorrowers. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base Rate Rates plus 1.50 1.625 percentage points. (b) the LIBOR Rate IBOR Rates plus 1.50 1.625 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Ashworth Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Reference Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available: (a) the Short Term Base IBOR Rate plus 1.50 seven-tenths (0.7) percentage pointspoint. (b) the LIBOR Rate plus 1.50 seven-tenths (0.7) percentage pointspoint.

Appears in 1 contract

Sources: Business Loan Agreement (McGrath Rentcorp)