Libor Option. Subject to the provisions of this Section 2, each Credit Party 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 3 contracts
Samples: Revolving Credit Agreement (Sepracor Inc /De/), Revolving Credit Agreement (Biosphere Medical Inc), Revolving Credit Agreement (Sepracor Inc /De/)
Libor Option. Subject to the provisions of this Section 2, each Credit Party the Borrower shall have the right to have the interest on all or any portion of the principal amount of any the Revolving Loan Credit Loans based on a LIBOR Rate.
Appears in 3 contracts
Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (Harvard Bioscience Inc), Second Amendment (Harvard Bioscience Inc)
Libor Option. Subject to the provisions of this Section 2Section, each Credit Party the Borrower shall have the right to have the interest on all or any portion of the outstanding principal amount of any Revolving the Loan based on a LIBOR RateRate plus one percent (1%).
Appears in 1 contract
