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

Base Rate Loans Substituted for Affected Eurodollar Loans. If (i) the obligation of any Bank to make Eurodollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or Section 8.4 with respect to its Eurodollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the 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:

Appears in 7 contracts

Samples: Credit Agreement (Istar Inc.), Credit Agreement (Istar Inc.), Credit Agreement (Istar Financial Inc)

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Base Rate Loans Substituted for Affected Eurodollar Loans. If (i) the obligation of any Bank to make or maintain Eurodollar Loans has been suspended pursuant to Section 8.2 8.02 or (ii) any Bank has demanded compensation under Section 8.3 or Section 8.4 with respect to its Eurodollar Loans 8.03 and the Borrower shall, shall by at least five (5) Eurodollar Business Days' prior notice to such Bank through the Administrative Agent, 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:

Appears in 4 contracts

Samples: Credit Agreement (Healthcare Realty Trust Inc), Credit Agreement (Healthcare Realty Trust Inc), Credit Agreement (Healthcare Realty Trust Inc)

Base Rate Loans Substituted for Affected Eurodollar Loans. If (i) the obligation of any Bank to make make, or convert outstanding Loans to, Eurodollar Loans has been suspended pursuant to Section 8.2 8.2, or (ii) any Bank has demanded compensation under Section 8.3 or Section 8.4 with respect to its Eurodollar Loans and the Borrower shall, by at least five Eurodollar Business Days' prior notice to such Bank through the 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:

Appears in 1 contract

Samples: Credit Agreement (Turner Corp)

Base Rate Loans Substituted for Affected Eurodollar Loans. If (i) the obligation of any Bank to make Eurodollar make, or convert outstanding Loans to, EuroDollar Loans has been suspended pursuant to Section 8.2 8.02 or (ii) any Bank has demanded compensation under Section 8.3 8.03 or Section 8.4 8.04 with respect to its Eurodollar EuroDollar Loans and the Borrower shall, by at least five EuroDollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section 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:

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

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Base Rate Loans Substituted for Affected Eurodollar Loans. If (ia) the obligation of any Bank to make Eurodollar Loans has been suspended pursuant to Section 8.2 8.02 or (iib) any Bank has demanded compensation under Section 8.3 or Section 8.4 with respect to its Eurodollar Loans 8.03(a) and the Borrower shall, by at least five Eurodollar Business Days’ prior notice to such Bank through the 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:

Appears in 1 contract

Samples: Term Loan Agreement (Dow Chemical Co /De/)

Base Rate Loans Substituted for Affected Eurodollar Loans. If (i) the obligation ability of any Bank the Borrower to make Eurodollar request, or convert outstanding Loans to, EuroDollar Loans has been suspended pursuant to Section 8.2 7.02 or (ii) any the Bank has demanded compensation under Section 8.3 7.03 or Section 8.4 7.04 with respect to its Eurodollar EuroDollar Loans and the Borrower shall, by at least five EuroDollar Business Days’ prior notice to such Bank through the Administrative AgentBank, have elected that the provisions of this Section section shall apply to such the Bank, then, unless and until such the Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Term Loan Agreement (Royal Gold Inc)

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