Rate Option

Example Definitions of "Rate Option"
Rate Option. Means Borrower's right, on the terms and subject to the conditions set forth in this Agreement, to elect the Prime Rate or the Libor Rate as the applicable rate of interest with respect to the Loans.
Found in ASSOCIATED ESTATES REALTY CORP contract
Rate Option. The Base Rate or one of the Fixed Rate Options.
Found in POPE RESOURCES LTD PARTNERSHIP contract
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