Common use of Optional Bases of Borrowing Clause in Contracts

Optional Bases of Borrowing. The unpaid principal amount of the Revolving Credit Loans shall bear interest for each day until due on one or more bases selected by the Borrower from among the interest rate options set forth below. Subject to the provisions and limitations of this Agreement, the Borrower may select different Options to apply simultaneously to different Revolving Credit Loans and may select different Funding Periods to apply simultaneously to different parts of each Fixed LIBOR Rate Loan.

Appears in 3 contracts

Samples: Credit and Loan Agreement (Transmation Inc), Credit and Loan Agreement (Transmation Inc), Credit and Loan Agreement (Transmation Inc)

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Optional Bases of Borrowing. The unpaid principal amount of the Revolving Credit Loans shall bear interest for each day until due on one or more bases selected by the Borrower from among the interest rate options Options set forth below. Subject to the provisions and limitations of this Agreement, the Borrower may select different Options to apply simultaneously to different Portions of the Revolving Credit Loans and may select different Funding Periods Segments to apply simultaneously to different parts of each Fixed LIBOR the Euro-Rate LoanPortion of the Revolving Credit Loans.

Appears in 1 contract

Samples: Agreement (Primark Corp)

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Optional Bases of Borrowing. The unpaid principal amount of the Revolving Credit Loans shall bear interest for each day until due on one or more bases selected by the a Borrower from among the interest rate options Options set forth below. Subject to the provisions and limitations of this Agreement, the Agreement a Borrower may select different Options to apply simultaneously to different Portions of the Revolving Credit Loans and may select different Funding Periods Segments to apply simultaneously to different parts of each Fixed LIBOR the Euro-Rate LoanPortion of the Revolving Credit Loans.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Sylvan Inc)

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