Common use of Loans Subject to Variable Interest Rate Clause in Contracts

Loans Subject to Variable Interest Rate. The Loans and Letters of Credit secured by this Mortgage are variable interest rate loans as more particularly described in the Credit Agreement, but changes in the interest rate will not affect the maximum term of such loans or the maturity date(s) of such loans as set forth in Section 4.02, above.

Appears in 3 contracts

Samples: First Lien Guarantee and Collateral Agreement (STR Holdings, Inc.), First Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC), First Lien Guarantee and Collateral Agreement (STR Holdings LLC)

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Loans Subject to Variable Interest Rate. The Loans and Letters of Credit secured by this Mortgage are variable interest rate loans as more particularly described in the Credit Agreement, but changes in the interest rate will not affect the maximum term of such loans Loans or the maturity date(s) date of such loans Loans as set forth in Section 4.02, above.

Appears in 3 contracts

Samples: Second Lien Credit Agreement (STR Holdings LLC), Second Lien Credit Agreement (STR Holdings, Inc.), Second Lien Credit Agreement (STR Holdings (New) LLC)

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