Common use of OFFSHORE RATE Clause in Contracts

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit loan bear interest at the Offshore Rate plus 1.50 percentage points. Designation of an Offshore Rate portion is Rate, subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 one and one-half (1.50) percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions potions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 percentage pointsthe Applicable Amount. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit loan bear interest at the Offshore Rate plus 1.50 two and one-quarter (2.25%) percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit or of the Term Loan (as defined below) bear interest at the Offshore Rate plus 1.50 percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 the number of percentage points. points indicated for each period specified below: Period Percentage Points ------ ----------------- During the availability period one (1.00) During the term one and three- repayment period quarters (1.75) Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 1.85 percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit Term Loans bear interest at the Offshore Rate plus 1.50 percentage pointsthe Applicable Amount. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower Borrowers may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 1.15 percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower Borrowers may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate [plus 1.50 1.625 percentage points. .] Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit bear interest at the Offshore Rate plus 1.50 2.35 percentage points. Designation of an Offshore Rate portion is subject to the following requirements:

OFFSHORE RATE. The Borrower may elect to have all or portions of the principal balance of the line of credit Note bear interest at the Offshore Rate plus 1.50 2.00 percentage points. Designation of an Offshore Rate portion is subject to the following requirements: