Common use of Prevailing Rate Clause in Contracts

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR plus such percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR the foreign currency funding rate plus such the percentage per annum stated in the Letter of Offer Offer, and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at Cost of Funds plus the rate of BLR plus such percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR plus such the percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.