Libor Option. Subject to the provisions of this Section 2, the Company shall have the right to have the interest on all or any portion of the principal amount of any Revolving Loan, based on a LIBOR Rate.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Sepracor Inc /De/), Revolving Credit and Security Agreement (Biosepra Inc)
Libor Option. Subject to the provisions of this Section 2, 2A and 2B, as applicable, the Company shall have the right to have the interest on all or any portion of the principal amount of any Revolving Loan, Loan based on a LIBOR Rate.
Appears in 2 contracts
Sources: Third Amendment Agreement (Versicor Inc /Ca), Loan Agreement (Versicor Inc /Ca)
Libor Option. Subject to the provisions of this Section 22A, the Company shall have the right to have the interest on all or any portion of the principal amount of any Revolving Equipment Loan, based on a LIBOR Rate.
Appears in 1 contract
Libor Option. Subject to the provisions of this Section section 2, the Company shall have the right to have the interest on all or any portion of the principal amount of any Revolving Loan, the Loans based on a LIBOR Rate, provided that not more than five (5) LIBOR Portions of the Revolving Credit Loans shall be outstanding at any one time.
Appears in 1 contract
Sources: Credit Agreement (Hagler Bailly Inc)