Common use of Interest Options Clause in Contracts

Interest Options. Except as specifically otherwise provided, Borrowings shall bear interest at an annual rate equal to the lesser of (a) the Base Rate plus the Applicable Margin, or the Adjusted Eurodollar Rate plus the Applicable Margin (in each case as designated or deemed designated by Borrowers and, in the case of Eurodollar Borrowings, for the Interest Period designated by Borrowers), and (b) the Maximum Rate. Each change in the Base Rate and Maximum Rate is effective, without notice to Borrowers or any other Person, upon the effective date of change.

Interest Options. Except as where specifically otherwise provided, Borrowings shall bear interest at an annual rate equal to the lesser of EITHER (a) THE SUM OF (i) the Base Rate plus the Applicable Margin, or the Adjusted Eurodollar Rate plus the Applicable Margin (in each case as designated or deemed designated by Borrowers and, in the case of Eurodollar Borrowings, for the Interest Period designated by Borrowers), and as the case may be, PLUS (ii) the Applicable Margin, OR (b) the Maximum Rate. Each change in the Base Rate and the Maximum Rate is effective, without notice to Borrowers or any other Person, upon the effective date of change.

Interest Options. Except as specifically otherwise provided, Borrowings shall bear interest at an annual rate equal to the lesser of (a) either the Base Rate plus the Applicable Margin, or the Adjusted Eurodollar Rate plus the Applicable Margin (in each case as designated or deemed designated by Borrowers Borrower and, in the case of Eurodollar Borrowings, for the Interest Period designated by BorrowersBorrower), and (b) the Maximum Rate. Each change in the Base Rate and Maximum Rate is effective, without notice to Borrowers Borrower or any other Person, upon the effective date of such change.

Interest Options. Except as specifically otherwise provided, Borrowings shall bear interest at an annual rate equal to the lesser of (a) the Base Rate plus the Applicable Margin, or the Adjusted Eurodollar Rate plus the Applicable Margin (in each case as designated or deemed designated by Borrowers Borrower and, in the case of Eurodollar Borrowings, for the Interest Period designated by BorrowersBorrower), and (b) the Maximum Rate. Each change in the Base Rate and Maximum Rate is effective, without notice to Borrowers Borrower or any other Person, upon the effective date of change.

Interest Options. Except as where specifically otherwise provided, Borrowings shall bear interest at an annual a rate per annum equal to the lesser of THE LESSER OF (a) the Base Rate plus PLUS the Applicable Margin, Margin for Base Rate Borrowings or the Adjusted Eurodollar Rate plus PLUS the Applicable Margin (for Eurodollar Borrowings, in each case as designated or deemed designated by Borrowers andin accordance with the terms of this Agreement, in the case of Eurodollar Borrowings, for the Interest Period designated by Borrowers), and AND (b) the Maximum Rate. Each change in the Base Rate and or the Maximum Rate is Rate, subject to the terms of this Agreement, will become effective, without notice to Borrowers Borrower or any other Person, upon the effective date of such change.