Common use of Alternate Loan and Lender Clause in Contracts

Alternate Loan and Lender. In the event any Lender suspends the making of any Eurodollar Loan pursuant to this Article IV (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Loan shall bear interest at either the Eurodollar Rate for which the suspension does not apply or (in the case of Dollar-denominated Loans) the Base Rate, as selected by the applicable Borrower, until the Restricted Lender once again makes available the applicable Eurodollar Loan. Notwithstanding the provisions of Section 2.03(b), interest shall be payable to the Restricted Lender at the time and manner as paid to those Lenders making available Eurodollar Loans.

Appears in 1 contract

Samples: Credit Facilities and Reimbursement Agreement (Greenfield Industries Inc /De/)

AutoNDA by SimpleDocs

Alternate Loan and Lender. (a) In the event any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article IV (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at either the Base Rate or the Eurodollar Rate for which the suspension does not apply or (in the case of Dollar-denominated Loans) the Base Rateapply, as selected by the applicable Borrower, until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Notwithstanding the provisions of Section 2.03(b2.02(b), 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: Credit and Reimbursement Agreement (Capstone Capital Corp)

Alternate Loan and Lender. In the event any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article IV V (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at either the Base Rate or the Eurodollar Rate for which the suspension does not apply or (in the case of Dollar-denominated Loans) the Base Rateapply, as selected by the applicable Borrower, until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Notwithstanding the provisions of Section 2.03(bSections 2.2(b), interest shall be payable to the Restricted Lender in respect of Loans to which the suspension applies at the time and manner as paid to those Lenders making available Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Windmere Durable Holdings Inc)

Alternate Loan and Lender. In the event any Lender suspends the making of any Eurodollar Rate Loan or Eurodollar Market Loan pursuant to this Article IV (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at either the Eurodollar Rate for which the suspension does not apply or (in the case of Dollar-denominated Loans) the Base Rate, as selected by the applicable Borrower, Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Notwithstanding the provisions of Section 2.03(b)Sections 2.3, interest shall be payable to the Restricted Lender in respect of Loans to which the suspension applies at the time and manner as paid to those Lenders making available Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Medpartners Inc)

AutoNDA by SimpleDocs

Alternate Loan and Lender. In the event any Lender suspends the making of any Eurodollar Rate Loan pursuant to this Article IV V (herein a "Restricted Lender"), the Restricted Lender's Applicable Commitment Percentage of any Eurodollar Rate Loan shall bear interest at either the Eurodollar Rate for which the suspension does not apply or (in the case of Dollar-denominated Loans) the Base Rate, as selected by the applicable Borrower, Rate until the Restricted Lender once again makes available the applicable Eurodollar Rate Loan. Notwithstanding the provisions of Section 2.03(b)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: Credit Agreement (Giant Cement Holding Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.