Common use of Base Rate Loans Substituted for Affected Euro Clause in Contracts

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank to make Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Lead Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 2 contracts

Samples: Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp)

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Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank to make make, or convert outstanding Loans ----- to, Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Lead Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank to make make, or convert outstanding Loans ----- to, Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five (5) Euro-Dollar Business Days' prior notice to such Bank through the Lead Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Credit Agreement (Kilroy Realty Corp)

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. ---------------------------------------------------------- If (i) the obligation of any Bank to make make, or convert outstanding Loans to, Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Lead Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Euro-Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank to make or maintain Euro-Dollar Loans ----- has been ----- suspended pursuant to Sections 8.1 or 8.2 Section 9.02 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans 9.03, and the Borrower shall, by at least five Euro-5 Euro- Dollar Business Days' prior notice to such Bank through the Lead Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer existapply: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which in all cases interest and principal on such Loans shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

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Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank Lender to make Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 Section 8.02 or (ii) any Bank Lender has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans 8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank Lender through the Lead Administrative Agent, have elected that the provisions of this Section 8.04 shall apply to such BankLender, then, unless and until such Bank Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer existapply: (a) all Loans which would otherwise be made by such Bank Lender as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Euro- Dollar Loans of the other BanksLenders), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Euro- Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If (i) the obligation of any Bank to make Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Lead Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise other- wise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Base Rate Loans Substituted for Affected Euro. Dollar ---------------------------------------------------- Loans. If If (i) the obligation of any Bank to make make, or convert outstanding ----- Loans to, Euro-Dollar Loans has been ----- suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Lead Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist: (a) all Loans which would otherwise be made by such Bank as Euro- Dollar Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Euro-Euro- Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

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