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 Bank to make, maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) and the Borrower shall, by at least five Euro-Dollar Business Days’ prior notice to such Bank through the 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 2 contracts

Samples: 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp)

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Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days’ Days prior notice to such Bank through the 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 2 contracts

Samples: Revolving Credit Agreement (Chubb Corp), Credit Agreement (Chubb Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shall, by at least five Euro-Dollar 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 2 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Westvaco Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 8.02 9.2 or (ii) any Bank has demanded compensation under Section 8.03 (a) 9.3 or 9.4 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 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 2 contracts

Samples: Credit Agreement (Alliance Data Systems Corp), Credit Agreement (Alliance Data Systems Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (ia) the obligation of any Bank to make, maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (iib) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days’ prior notice to such Bank through the 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 2 contracts

Samples: Credit Agreement (Target Corp), Assignment and Assumption Agreement (Target Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 9.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) 9.03 or 9.04 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 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 2 contracts

Samples: Credit Agreement (Valero Energy Corp), Credit Agreement (Valero Energy Corp/Tx)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its CD Loans or Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days’ Days prior notice to such Bank through the 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 2 contracts

Samples: Credit Agreement (Chubb Corp), Medium Term Credit Agreement (Chubb Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (ia) the obligation of any Bank to make, maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (iib) any Bank has demanded compensation under Section 8.03 (a) and the Borrower shall, by at least five Euro-Dollar Business Days’ prior notice to such Bank through the 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 (Target Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 10.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) 10.03 or 10.04 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 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 (Valero Refining & Marketing Co)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Currency Loans has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shallapplicable Borrower, by at least five Euro-Dollar Currency Business Days’ prior notice to such Bank through the Administrative Agent, shall have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the such Borrower that the circumstances giving rise to such suspension or demand for compensation no longer existapply:

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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: Assignment and Assumption Agreement (Target Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank Lender to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank Lender has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shall, by at least five Euro-Dollar Business Days’ prior notice to such Bank Lender through the Administrative Agent, have elected that the provisions of this Section 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 exist:

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans to any Borrower has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer existapply:

Appears in 1 contract

Samples: Credit Agreement (Albany International Corp /De/)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) and the Borrower shall, by at least five Euro-Dollar Business Days’ prior notice to such Bank through the 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 (Target Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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: Five Year Credit Agreement (Commercial Credit Co)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its CD Loans or Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar 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 (Armstrong World Industries Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar 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: Credit Agreement (Sears Roebuck Acceptance Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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: Credit Agreement (Cone Mills Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of s any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its CD Loans or Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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 (At&t Capital Corp /De/)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Currency Loans has been suspended pursuant to Section 8.02 8.2 or (ii) any Bank has demanded compensation under Section 8.03 (a8.3(a) and the Borrower shall, by at least five Euro-Dollar Currency 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: Credit Agreement (Ingersoll Rand Co LTD)

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Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar 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: Credit Agreement (Corporate Realty Consultants Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain make or convert to continue Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) or 8.05 and the Borrower Company shall, by at least five Euro-Dollar 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 Company that the circumstances giving rise to such suspension or demand for compensation no longer existapply:

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its Euro-Dollar Loans and the relevant Borrower shall, by at least five Euro-Dollar 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 relevant Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Heinz H J Co)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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: Assignment and Assumption Agreement (Target Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans to any Borrower has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer existapply:

Appears in 1 contract

Samples: Credit Agreement (Analog Devices Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to continue or Convert outstanding Loans as or to, Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (ia) the obligation of any Bank Lender to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (iib) any Bank Lender has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank Lender through the Agent, have elected that the provisions of this Section 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:

Appears in 1 contract

Samples: Credit Agreement (Brylane Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 8.02 9.2 or (ii) any Bank has demanded compensation under Section 8.03 (a) 9.3 or 9.4 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 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 (Alliance Data Systems Corp)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If either --------------------------------------------------------- (ia) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 2.16 or (iib) any Bank has demanded compensation under pursuant to Section 8.03 (a) 2.17.1 and the Borrower Company shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section 2.18 shall apply to such Bank, then, unless and until such Bank notifies the Borrower Company and the Agent that the circumstances giving rise to such suspension or demand for compensation no longer existapply:

Appears in 1 contract

Samples: Credit Agreement (Limited Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or to continue or convert to outstanding Loans as or to, Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the 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:apply

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 with respect to its CD Loans or Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days’ 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 (Neiman Marcus Group Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank to make, make or maintain or convert to Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a) or 8.04 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 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: Revolving Credit Agreement (Security Capital Atlantic Inc)

Base Rate Loans Substituted for Affected Fixed Rate Loans. If Subject to Sections 2.11 and 2.13, if (i) the obligation of any Bank to make, maintain or convert to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 (a8.03(a) and the Borrower shall, by at least five Euro-Dollar 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: Credit Agreement (Px Acquisition Corp)

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