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

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Lender to make, or convert outstanding Loans to, Euro-Dollar Loans to any Borrower has been suspended pursuant to Section 8.02(a) or (ii) any Lender has demanded compensation under Section 8.03 or 8.04 with respect to its Euro-Currency Loans and the Company shall, by at least five Euro-Currency Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

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Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Lender to make, or continue or convert outstanding Loans toas or into, Euro-Dollar Loans to any Borrower has been suspended pursuant to Section 8.02(a) 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04 with respect to its Euro-Currency Dollar Loans and the Company shall, by at least five Euro-Currency Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (United States Surgical Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Lender to make, or convert outstanding Loans to, Euro-Dollar Currency Loans to any Borrower in Dollars has been suspended pursuant to Section 8.02(a) 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04 with respect to its Euro-Currency Loans in any currency and the Company Borrower shall, by at least five Euro-Currency Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Company Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Praxair Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Lender to make, or convert outstanding Loans to, Euro-Dollar Currency Loans to any Borrower in Dollars has been suspended pursuant to Section 8.02(a) 8.02 or (ii) any Lender has demanded compensation under Section 8.03 or 8.04 with respect to its CD Loans or Euro-Currency Loans in any currency and the Company Borrower shall, by at least five Euro-Currency Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Company Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Praxair Inc)

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Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Lender to make, or continue or convert outstanding Loans toas or into, Euro-Dollar Loans to any Borrower has been suspended pursuant to Section 8.02(a) 8.2 or (ii) any Lender has demanded compensation under Section 8.03 Sectio 8.3 or 8.04 8.4 with respect to its CD Loans or Euro-Currency Dollar Loans and the Company shall, by at least five Euro-Currency Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Credit Agreement (United States Surgical Corp)

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