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, subject to the following requirements:
Appears in 4 contracts
Samples: Agreement (Tab Products Co), Loan Agreement (Ventana Medical Systems Inc), Channell Commercial Corp
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, Rate plus 1.0 percentage point. Designation of an Offshore Rate portion is subject to the following requirements:
Appears in 2 contracts
Samples: Sa Business Loan Agreement (Wholesome & Hearty Foods Inc), Gardenburger Inc
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, Rate plus the Applicable Margin. Designation of an Offshore Rate portion is subject to the following requirements:
Appears in 2 contracts
Samples: Agreement (Sport Chalet Inc), Loan Agreement (Sport Chalet Inc)
