Common use of LONG TERM RATE Clause in Contracts

LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the Long Term Rate, subject to the following requirements:

Appears in 4 contracts

Samples: Sa Business Loan Agreement (Claremont Technology Group Inc), Agreement (Coffee People Inc), Agreement (Tab Products Co)

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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the rate equal to the lesser of (a) the Maximum Rate, or (b) the Long Term Rate, subject to the following requirements:

Appears in 2 contracts

Samples: Business Loan Agreement (Travis International Inc), Travis International Inc

LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loans bear interest at the Long Term Rate, subject to the following requirements:

Appears in 1 contract

Samples: Credit Agreement (Remedytemp Inc)

LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loans under Facility No. 2 bear interest at the Long Term Rate, subject to the following requirements:

Appears in 1 contract

Samples: Credit Agreement (Special Devices Inc /De)

LONG TERM RATE. The Borrower Borrowers may elect to have all or portions of the principal balance of the loan bear interest at the rate equal to the lesser of (a) the Maximum Rate, or (b) the Long Term Rate, subject to the following requirements:

Appears in 1 contract

Samples: America Business Loan Agreement (Travis International Inc)

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LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan Term Loan bear interest at the Long Term Rate, subject to the following requirements:requirements (each such portion bearing interest at a Long Term Rate is referred to herein as a "Long Term Rate Portion"):

Appears in 1 contract

Samples: Security Agreement (Cerprobe Corp)

LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the term loan bear interest at the Long Term Rate, subject to the following requirements:

Appears in 1 contract

Samples: Business Loan Agreement (Claremont Technology Group Inc)

LONG TERM RATE. The Borrower may elect to have all or portions of the principal balance of the loan bear interest at the Long Term Rate, subject to the following requirements:same requirements set forth in subparagraphs (a) through (i) of Paragraph 2.6.

Appears in 1 contract

Samples: Agreement (Tab Products Co)

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