Variable Rate. The term "Variable Rate" means a per annum rate equal at all times to the Prime Rate, with changes therein to be effective simultaneously with any change in the Prime Rate. ADDITIONAL PROVISIONS RELATED TO INTEREST RATE SELECTION.
Appears in 2 contracts
Sources: 364 Day Revolving Credit Agreement (Energy Network Inc), Revolving Credit Agreement (Energy Network Inc)
Variable Rate. The term "“Variable Rate" ” means a per annum rate equal at all times to the Prime Rate, with changes therein to be effective simultaneously simultaneously with any change in the Prime Rate. ADDITIONAL PROVISIONS RELATED TO INTEREST RATE SELECTION.
Appears in 1 contract
Sources: Demand Loan Agreement (Micro Component Technology Inc)
Variable Rate. The term "Variable Rate" means a per annum rate equal at all times to the Prime RateRate plus twenty-five (25) basis points, with changes therein to be effective simultaneously with any change in the Prime Rate. ADDITIONAL PROVISIONS RELATED TO INTEREST RATE SELECTION.
Appears in 1 contract
Sources: Acquisition and Construction Loan Agreement (Praecis Pharmaceuticals Inc)
Variable Rate. The term "Variable Rate" means a per annum rate equal at all times to the Prime Rate, with changes therein to be effective simultaneously with any change in the Prime Rate. ADDITIONAL PROVISIONS RELATED TO INTEREST RATE SELECTION, without notice or demand.
Appears in 1 contract