Common use of Alternate Loan and Lender Clause in Contracts

Alternate Loan and Lender. In the event the Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article III (herein a "Restricted Lender"), the Restricted Lender's Commitment Percentage of any Eurodollar Rate Loan shall bear interest at the Base Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Crown Crafts Inc), Revolving Credit Agreement (Crown Crafts Inc)

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Alternate Loan and Lender. In the event the any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article III (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at the Base Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Notwithstanding the provisions of Section 2.2(b) hereof, interest shall be payable to the Restricted Lender at the time and manner as paid to those Lenders making available Eurodollar Rate Loans.

Appears in 1 contract

Samples: Security Agreement (Giant Cement Holding Inc)

Alternate Loan and Lender. In the event the any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article III V (herein a "Restricted Lender"), the Restricted Lender's Commitment Percentage of any Eurodollar Rate Loan shall bear interest at the Base Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Interest shall be payable to the Restricted Lender at the time and manner as paid to those Lenders making available Eurodollar Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (River Oaks Furniture Inc)

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Alternate Loan and Lender. (a) In the event the any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article III V (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at the Base Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan.. Notwithstanding the provisions of Section 2.2(b) hereof, interest shall be

Appears in 1 contract

Samples: Credit Agreement (Giant Cement Holding Inc)

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