Common use of Prevailing Rate Clause in Contracts

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR plus the percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR the foreign currency funding rate plus the percentage per annum stated in the Letter of Offer Offer, and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate of BLR plus the such percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.

Prevailing Rate. The Borrower shall pay to the Bank interest at the rate Cost of BLR Funds plus the percentage per annum stated in the Letter of Offer and such rate shall be subject to revision at the discretion of the Bank from time to time, by notice to the Borrower.