Common use of Continuation of LIBOR Advances Clause in Contracts

Continuation of LIBOR Advances. Borrower shall have the right on two (2) Business Days’ prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

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Continuation of LIBOR Advances. Borrower Borrowers shall have the right on two (2) Business Days' prior irrevocable written notice given to Lender by Borrower Borrowers (prior to 11:00 A.M. Hartford, Connecticut New York City Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Loan Agreement (United Natural Foods Inc)

Continuation of LIBOR Advances. Borrower shall have the right on two (2) Business Days' prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut a.m. New York City Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Joule Inc)

Continuation of LIBOR Advances. Borrower shall have the right on two (2) Business Days' prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut Time New York time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Financial Performance Corp)

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Continuation of LIBOR Advances. Borrower shall have the right on two (2) Business Days' prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut New York City Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Emtec Inc/Nj)

Continuation of LIBOR Advances. Borrower shall have the right on ------------------------------ two (2) Business Days' prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut New York City Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Agreement (Pure World Inc)

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