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 Adjusted LIBO Rate shall be effective on the effective date of any change to the Adjusted LIBO Rate and to the extent of any such change.

Appears in 3 contracts

Sources: Loan and Security Agreement (HashiCorp, Inc.), Loan and Security Agreement (HashiCorp, Inc.), Loan and Security Agreement (UiPath, Inc.)