Automatic Conversions. Any outstanding LIBOR Loan shall automatically convert to a Base Rate Loan, effective on the last day of the applicable Interest Period, if as of such date:
Appears in 5 contracts
Samples: Revolving Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)
Automatic Conversions. Any outstanding LIBOR Loan shall automatically convert to a Base Rate Loan, effective on the last day of the applicable Interest Period, if as of such date:
(i) Default; Event of Default. A Default or Event of Default shall exist;
Appears in 1 contract
Samples: Credit Agreement (Apartment Investment & Management Co)