Common use of Variable Rate Option Clause in Contracts

Variable Rate Option. At a rate per annum equal at all times to the rate of interest announced by CoBank from time to time as its National Variable Rate (the "Variable Rate Option"). The National Variable Rate will change on the date established by CoBank as the effective date of any such change and CoBank agrees to notify the Company and St. ▇▇▇▇ promptly after any change in the National Variable Rate.

Variable Rate Option. At a rate per annum equal at all times to the rate of interest announced by CoBank from time to time as its National Variable Rate (the "Variable which Rate Option")is intended by CoBank to be a reference rate and not its lowest rate. The National Variable Rate will change on the date established by CoBank as the effective date of any such change therein and CoBank agrees to notify notifiy the Company and St. ▇▇▇▇ Paul promptly after any change in the National Variable Ratesuch chan▇▇.

Variable Rate Option. At a rate per annum equal at all times to the rate of interest announced by CoBank from time to time as its National Variable Rate (the "Variable which Rate Option")is intended by CoBank to be a reference rate and not its lowest rate. The National Variable Rate will change on the date established by CoBank as the effective date of any such change therein and CoBank agrees to notify the Company and St. ▇▇▇▇ promptly after any change in the National Variable Ratesuch change.