Common use of LIBOR Rate Option Clause in Contracts

LIBOR Rate Option. (i) So long as no Event of Default has occurred and is continuing, the Borrower shall have the option to have the unpaid principal balance of the Loans bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided that LIBOR Based Rate Loans shall be in a minimum amount of Five Hundred Thousand Dollars ($500,000.00). In no event, however, may the Borrower have more than ten (10) LIBOR Rate Loans outstanding at any one time.

LIBOR Rate Option. (i) i)......So long as no Event of Default has occurred and is continuing, the Borrower shall have the option to have the unpaid principal balance of the Loans bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided that LIBOR Based Rate Loans shall be in a minimum amount of Five Hundred Thousand One Million Dollars ($500,000.001,000,000.00). In no event, however, may the Borrower have more than ten five (105) LIBOR Rate Loans outstanding at any one time.

LIBOR Rate Option. (i) So long as no Event of Default has occurred and is continuingoutstanding, the Borrower Borrowers shall have the option to have the unpaid principal balance of Loans under the Loans Revolving Credit bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided that LIBOR Based Rate Loans shall be in a minimum amount increments of Five Hundred Thousand Dollars ($500,000.00). In 500,000 and there shall be no event, however, may the Borrower have more than ten three (103) LIBOR Rate Loans outstanding at any one time.

LIBOR Rate Option. (i) So long as no Event of Default has occurred and is continuing, the Borrower shall have the option to have the The unpaid principal balance of cash Advances under the Loans Revolving Credit may, at Borrower's option, bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided however that (A) each LIBOR Based Rate Loans Loan shall be in a minimum multiple of $1,000,000 and (B) in no event shall any LIBOR Based Rate Loan be in an amount of Five Hundred Thousand Dollars (less than $500,000.00)7,000,000. In no event, however, may the Borrower have more than ten (10) LIBOR Based Rate Loans outstanding at any one time.

LIBOR Rate Option. (i) So long as no Event of Default has occurred and is continuing, the Borrower Borrowers shall have the option to have the unpaid principal balance of Loans under the Loans Revolving Credit bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided that (A) LIBOR Based Rate Loans shall be in a minimum amount of Five Hundred Thousand Dollars ($500,000.00). In ) and in $100,000 increments thereafter and (B) there shall be no event, however, may the Borrower have more than ten (10) LIBOR Based Rate Loans outstanding at any one time.

LIBOR Rate Option. (i) So long as no Event of Default has occurred and is continuing, the Borrower shall have the option to have the The unpaid principal balance of the Loans all or a portion of any type of Loan may, at Borrowers' option, bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), ) provided that in no event (i) may a LIBOR Based Rate Loan be less than $1,000,000 nor (ii) may there be LIBOR Based Rate Loans shall be in a minimum amount of Five Hundred Thousand Dollars ($500,000.00). In no event, however, may the Borrower have with more than ten five (105) different LIBOR Rate Loans Interest Periods, outstanding at any one time.

LIBOR Rate Option. (i1) So long as Provided no Event of Default has occurred and is continuing, the Borrower Borrowers shall have the option to have the unpaid principal balance of up to 80% of the Loans bear interest at the applicable LIBOR Based Base Rate ("“LIBOR Rate Option"”). If the LIBOR Rate Option is elected, provided the portion of the Loans that bear interest at the LIBOR Based Rate Loans (and each LIBOR Loan Tranche) shall be in a minimum amount of Five Hundred Thousand Dollars ($500,000.00)250,000 increments and not less than $500,000 in the aggregate. In no event, however, may the Borrower Borrowers shall not have more than ten three (103) LIBOR Rate Loans Loan Tranches outstanding at any one time.

LIBOR Rate Option. (i) So long During and only during such time as no Event the margin set forth in clause (c) of Default has occurred and the definition of Applicable Base Rate Margin is continuingapplicable, the Borrower shall have the option to have the unpaid principal balance of the Loans bear interest at the LIBOR Based Rate ("LIBOR Rate Option"), provided that LIBOR Based Rate Loans shall be in $500,000 increments and in a minimum amount of Five Hundred Thousand Dollars ($500,000.00)1,000,000. In no event, however, may the Borrower have more than ten four (104) LIBOR Rate Loans outstanding at any one time.

LIBOR Rate Option. (i1) So long as Provided no Event of Default has occurred and is continuing, the Borrower Borrowers shall have the option to have the unpaid principal balance of up to 80% of the Loans bear interest at the applicable LIBOR Based Base Rate ("LIBOR Rate Option"), provided that LIBOR Based Rate Loans shall be in a minimum amount of Five Hundred Thousand Dollars ($500,000.00). In no event, however, may 100,000 increments and not less than $500,000 in the Borrower have more than ten (10) LIBOR Rate Loans outstanding at any one timeaggregate.