Common use of Revolving Interest Rate Clause in Contracts

Revolving Interest Rate. Borrower shall pay DLL interest on the daily outstanding balance of Borrower's Revolving Credit Loans at a per annum rate of the Base Rate plus three and one-quarter percent (3.25%) (subject to the provisions of Section 2.7 of the Agreement regarding default rates).

Revolving Interest Rate. Borrower shall pay DLL interest on the daily outstanding balance of Borrower's Revolving Credit Loans at a per annum rate of equal to the Base Canadian Prime Rate plus one and three and one-quarter quarters of one percent (3.251.75%) (subject to the provisions of Section 2.7 of the this Agreement regarding default rates).