Common use of Variable Interest Clause in Contracts

Variable Interest. Each variable interest rate provided for in this Agreement will change automatically, without notice, whenever the Prime Rate, the US Base Rate, applicable Bankers Acceptance Yield, LIBO Rate, or any applicable SOFR Benchmark Rate, as the case may be, changes.

Appears in 1 contract

Sources: Credit Agreement (FG Group Holdings Inc.)

Variable Interest. Each variable interest rate provided for in this Agreement will change automatically, without notice, whenever the Prime Rate, the US Base Rate, applicable Bankers Acceptance Yield, LIBO applicable C▇▇▇▇ Rate, or any applicable SOFR Benchmark Rate, as the case may be, changes.

Appears in 1 contract

Sources: Credit Agreement (Loop Industries, Inc.)