Common use of Prevailing Rate Clause in Contracts

Prevailing Rate. The Borrower shall pay to the Bank interest at Cost of Funds plus the percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at Cost the rate of Funds BLR plus the percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at Cost the Prevailing Rate of Funds plus the percentage per annum stated in the Letter of Offer and above the rate quoted by Exim Bank, or such other rate shall as may be subject to revision at the discretion of determined by the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at Cost the rate of Funds the foreign currency funding rate plus the percentage per annum stated in the Letter of Offer Offer, and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.