Common use of VARIABLE INTEREST RATE Clause in Contracts

VARIABLE INTEREST RATE. All principal outstanding hereunder which is not bearing interest at a Base Interest Rate shall bear interest at a rate per annum of equal to the Reference Rate, which rate shall vary as and when the Reference Rate changes. At any time prior to the maturity of this note, subject to the provisions of paragraph 4, below, of this note, Debtor may borrow, repay and reborrow hereon so long as the total outstanding at any one time does not exceed the principal amount of this note. Debtor shall pay any amounts due under this note in lawful money of the United States at Bank's NORTHERN CALIFORNIA COMMERCIAL BANKING Office, or such other office as may be designated by Bank, from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Emcon), Credit Agreement (Emcon), Credit Agreement (Emcon)

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VARIABLE INTEREST RATE. All principal outstanding hereunder which is not bearing interest at a Base Interest Rate shall bear interest at a rate per annum of equal to the Reference Rate, which rate shall vary as and when the Reference Rate changes. At any time prior piror to the maturity of this note, subject to the provisions of paragraph 4, below, of this note, Debtor may borrow, repay and reborrow hereon so long as the total outstanding at any one time does not exceed the principal amount of this note. Debtor Xxxxx shall pay any amounts due under this note in lawful money of the United States at Bank's NORTHERN CALIFORNIA SAN MATEO COMMERCIAL BANKING Office, or such other office as may be designated by Bank, from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Emcon), Credit Agreement (Emcon)

VARIABLE INTEREST RATE. All principal outstanding hereunder which is not bearing interest at a Base Interest Rate shall bear interest Interest at a rate per annum of equal to 0.500 % in excess of the Reference Rate, which rate shall vary as and when the Reference Rate changes. At any time prior to the maturity of this note, subject to the provisions of paragraph 4, . below, of this note, Debtor may borrow, repay and reborrow hereon so long as the total outstanding at any one time does not exceed the principal amount of this note. Debtor shall pay any all amounts due under this note in lawful money of the United States at Bank's NORTHERN CALIFORNIA SAN DIEGO COMMERCIAL BANKING Office, or such other office as may be designated by Bank, Bank from time to time.

Appears in 1 contract

Samples: Compgeeks Inc

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VARIABLE INTEREST RATE. All principal outstanding hereunder which is not bearing interest at a Base Interest Rate shall bear interest at a rate per annum of equal to the Reference Rate, which rate shall vary as and when the Reference Rate changes. At any time prior to the maturity of this note, subject to the provisions of paragraph 4, below, of this note, Debtor may borrow, repay and reborrow hereon so long as the total outstanding at any one time does not exceed the principal amount of this note. Debtor shall pay any all amounts due under this note in lawful money of the United States at Bank's NORTHERN CALIFORNIA LOS ANGELES HEADQUARTERS COMMERCIAL BANKING Office, or such other office as may be designated by Bank, from time to time.

Appears in 1 contract

Samples: Business Loan Agreement (Macneal Schwendler Corp)

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