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 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 Cayman Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 2 contracts

Sources: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Impco Technologies 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 3 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 interests rate are available: (a) the Cayman Rate plus 1.50 1.75 percentage points. (b) the LIBOR Rate plus 1.50 1.75 percentage points.

Appears in 2 contracts

Sources: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Impco Technologies Inc)

Optional Interest Rates. Instead of the interest rate rates based on the Bank's Reference Rate, the Borrower may elect the optional interest rates rate listed below for this Facility No. 2 4 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 available: (a) the Cayman Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 Cayman Rate plus 1.50 percentage points. (b) the LIBOR Rate plus 1.50 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 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 Cayman Rate plus 1.50 percentage points. . (b) the LIBOR Rate plus 1.50 percentage points."

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 4 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 Cayman Rate plus 1.50 percentage pointsthe Applicable Amount. (b) the LIBOR Rate plus 1.50 percentage pointsthe Applicable Amount.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 4 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 Cayman Rate plus 1.50 1.75 percentage points. . (b) the LIBOR Rate plus 1.50 1.75 percentage points."

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies Inc)

Optional Interest Rates. Instead of the interest rate rates based on the Bank's Reference Rate, the Borrower may elect the optional interest rates rate listed below for this Facility No. 2 5 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 available: (a) the Cayman Rate plus 1.50 percentage pointsthe Applicable Amount. (b) the LIBOR Rate plus 1.50 percentage pointsthe Applicable Amount.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 1 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 available: (a) the Cayman Rate plus 1.50 percentage pointsthe Applicable Amount. (b) the LIBOR Rate plus 1.50 percentage pointsthe Applicable Amount.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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 1 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 available: (a) the Cayman Rate plus 1.50 1.25 percentage points. (b) the LIBOR Rate plus 1.50 1.25 percentage points.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies 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) Fixed Rates equal to the Cayman Base Rate plus 1.50 .275 percentage pointspoint. (b) the Cayman Rate plus .275 percentage point. (c) the LIBOR Rate plus 1.50 .275 percentage pointspoint.

Appears in 1 contract

Sources: Business Loan Agreement (Longs Drug Stores Corp)