Common use of Optional Interest Rates Clause in Contracts

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR Rate (as described below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (Vans Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR The IBOR Rate (as described below) plus 0.20 2.35 percentage pointpoints.

Appears in 1 contract

Sources: Business Loan Agreement (Advanced Machine Vision Corp)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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) Short Term Fixed Rates. (b) the LIBOR Rate (as described below) plus 0.20 0.75 percentage point.points

Appears in 1 contract

Sources: Business Loan Agreement (Roseville Communications Co)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR Rate (as described below) plus 0.20 2.00 percentage pointpoints.

Appears in 1 contract

Sources: Business Loan Agreement (National Rv Holdings Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Base Rate, the Borrower may elect the optional interest rates rate listed below for the Line of Credit during interest periods agreed to by the Bank and the Borrower. The optional interest rates rate 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 : The LIBOR Rate (as described belowdefined in Section 3.2(c)) plus 0.20 percentage pointthe Applicable LIBOR Rate Margin set forth in Section 2.7 below.

Appears in 1 contract

Sources: Loan Agreement (Radiant Logistics, Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's ’s Prime Rate, the Borrower may elect the optional interest rates rate listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates rate 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 : The LIBOR Rate (plus the Applicable Margin as described defined below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (Remedytemp Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime 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. 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 LIBOR Rate (as described below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Group)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR Rate Short Term Fixed Rates. (as described belowb) plus 0.20 percentage pointOffshore Rates.

Appears in 1 contract

Sources: Business Loan Agreement (U S Laboratories Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this line of credit 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 rate is available: (a) : the LIBOR Rate (plus the Applicable Rate as described defined below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Loan Agreement (Sport Chalet Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Raterate stated in Section 1.4(a), the Borrower may elect the optional interest rates listed below for the Line of Credit during interest periods agreed to by the Bank set forth in Section 3.2(a) and the Borrower3.3(a). The optional interest rates shall be subject to the terms and conditions described later in this AgreementArticle 3. 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 : o The LIBOR Rate (plus the Applicable Rate as described defined below) . o The IBOR Rate plus 0.20 percentage pointthe Applicable Rate as defined below.

Appears in 1 contract

Sources: Loan Agreement (Craft Brewers Alliance, Inc.)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR IBOR Rate plus one and three quarters (as described below1.75) plus 0.20 percentage pointpoints.

Appears in 1 contract

Sources: Business Loan Agreement (Novatel Wireless Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Raterate stated in Section 1.4(a), the Borrower may elect the optional interest rates listed below for the Line of Credit during interest periods agreed to by the Bank set forth in Section 3.2(a) and the Borrower3.3(a). The optional interest rates shall be subject to the terms and conditions described later in this AgreementArticle 3. 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 : • The LIBOR Rate (plus the Applicable Rate as described defined below) . • The IBOR Rate plus 0.20 percentage point.the Applicable Rate as defined below. LOAN AGREEMENT aws/0460/w▇▇▇▇▇

Appears in 1 contract

Sources: Loan Agreement (Redhook Ale Brewery Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates rate listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates rate 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 LIBOR Rate (as described below) plus 0.20 1.0 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (Pacific Sunwear of California Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 IBOR Rate plus the Applicable Margin as defined below. (b) the LIBOR Rate (plus the Applicable Margin as described defined below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (Odwalla Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR Rate plus the Applicable Margin as defined below (b) the IBOR Rate plus the Applicable Margin as described defined below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR Rate plus the Applicable Margin as defined below. (b) the IBOR Rate plus the Applicable Margin as described defined below) plus 0.20 percentage point.

Appears in 1 contract

Sources: Loan Agreement (Mercury Air Group Inc)

Optional Interest Rates. Instead of the interest rate based on the Bank's 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 LIBOR IBOR Rate (as described below) plus 0.20 2.00 percentage pointpoints."

Appears in 1 contract

Sources: Business Loan Agreement (Variflex Inc)