Common use of Adjustment to Interest Rate Clause in Contracts

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Changes to the interest rate of any Credit Extension based on changes to Borrower’s Quick Ratio shall be effective on the date of delivery of Borrower’s compliance certificate pursuant to Section 6.2(iv), but not more than thirty days after the month in which any such change occurs.

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Changes Bank shall notify Borrower promptly of any such changes to the interest rate of any Credit Extension based on changes to Borrower’s Quick Ratio rate. 365-Day Year. Interest shall be effective computed on the date basis of delivery a 365-day year for the actual number of Borrower’s compliance certificate pursuant to Section 6.2(iv), but not more than thirty days after the month in which any such change occurselapsed.

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Changes to Pricing adjustments based upon the interest rate of any Credit Extension based on changes to Borrower’s Quick Ratio shall be effective on as of the date 1st day of delivery of Borrower’s compliance certificate pursuant to Section 6.2(iv), but not more than thirty days after the month in which any such change occursfollowing receipt of the relevant financial information.

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Changes to the interest rate of any Credit Extension based on changes to Borrower’s the commencement or termination of a Quick Ratio Threshold Period shall be effective on the first (1st) day of the month following the reporting date of delivery of Borrower’s compliance certificate pursuant to Section 6.2(iv), but not more than thirty days after the month financial statements that show the change in which any such change occursthe Quick Ratio.