Application of Loans. Each conversion shall be effected by applying the proceeds of the new LIBOR Loan and/or Prime Rate Loan, as the case may be, to the Loan (or portion thereof) being converted.
Appears in 8 contracts
Samples: Credit Agreement (Protective Life Insurance Co), Credit Agreement (Protective Life Corp), Credit Agreement (Protective Life Insurance Co)
Application of Loans. Each conversion shall be effected by applying the proceeds of the new LIBOR Loan and/or Prime Base Rate Loan, as the case may be, to the Loan (or portion thereof) being converted.
Appears in 3 contracts
Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Renal Care Group Inc)
Application of Loans. Each conversion shall be effected by applying the proceeds of the new LIBOR Loan and/or Prime Base Rate Loan, as the case may be, to the Loan Loans (or portion thereof) being converted.
Appears in 1 contract
Application of Loans. Each conversion shall be effected by applying the proceeds of the new LIBOR Loan and/or Prime Base Rate Loan, as the case may be, to the Loan Revolving Credit Loans (or portion thereof) being converted.
Appears in 1 contract
