Alternate Basis of Borrowing Sample Clauses

Alternate Basis of Borrowing. If at any time during the term of this Agreement, a Lender determines reasonably and in good faith (which determination shall, in the absence of manifest error, be final, conclusive and binding upon the Borrower) and notifies the Administrative Agent in accordance with Section 17.6 that:
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Alternate Basis of Borrowing if at any time during the term of this Agreement, a Lender determines in good faith (which determination shall be final, conclusive and binding upon the Borrower) that by reasons of circumstances or changes affecting the market for Bankers' Acceptances:
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Alternate Basis of Borrowing. If at any time during the term of this ---------------------------- Agreement, a Revolving Credit Lender determines in good faith (which determination shall be final, conclusive and binding upon the Borrower) that, by reasons of circumstances or changes affecting the market for Bankers' Acceptances, (i) it is no longer possible to establish the Discount Rate in respect to Bankers' Acceptances, or (ii) the market for Bankers' Acceptances no longer exists, is too weak for its normal use by such Revolving Credit Lender or is not capable in the normal course of business to absorb Bankers' Acceptances accepted by such Revolving Credit Lender, then the Agent shall, on behalf of the Revolving Credit Lender affected by such event or circumstances (the "Affected -------- Lender"), immediately notify the Borrower of the Affected Lender's determination ------ in writing with an indication of the Revolving Credit Loans affected by such determination. For so long as the circumstances referred to in clause (i) or ---------- (ii) preceding shall continue, the Affected Lender shall not be obligated to ---- make any further borrowings available by way of Bankers' Acceptances and thereafter, until notice to the contrary is given to the Borrower by the Agent, the Affected Lender shall only be obligated to make other forms of borrowings available to the Borrower hereunder.
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Alternate Basis of Borrowing. If at any time during the term of this Agreement, a Lender determines reasonably and in good faith (which determination shall, in the absence of manifest error, be final, conclusive and binding upon the Borrowers) that:
Sample 1
Alternate Basis of Borrowing if at any time during the term of this Agreement, a Lender or, as the case may be, the Agent determines in good faith (which determination shall be final, conclusive and binding upon the Borrowers) that by reason of circumstances or changes affecting the market for Bankers' Acceptances:
Sample 1

Related to Alternate Basis of Borrowing

  • Alternate Base Rate Loans During such periods as Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Determination of Borrowing Base The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate and Monthly Servicing Report delivered to the Administrative Agent.

  • Eurodollar Rate Each Eurodollar Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is made or created until the last day of the Interest Period applicable thereto or, if earlier, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted Eurodollar Rate, payable on the last day of each Interest Period applicable thereto and at maturity (whether by acceleration or otherwise) and, with respect to any Eurodollar Loan with an Interest Period in excess of three months, on the date occurring every date which is three months after the date such Loan is made or created; provided that if on the last day of the Interest Period applicable to any Eurodollar Loan the Company does not pay such Loan, such Loan shall automatically become a Domestic Rate Loan as of the day immediately following the last day of the Interest Period applicable thereto.

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Amount of Borrowing At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is in an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire Unused Total Revolving Commitment or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.02(e). Borrowings of more than one Type may be outstanding at the same time.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

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