Common use of Conversion to Different Interest Program Clause in Contracts

Conversion to Different Interest Program. (A) Variable Rate to Fixed Rate. Subject to the conditions set forth --------------------------- herein, the Borrower may convert from the Variable Rate to the Fixed Rate for any portion or all of the principal amount of the Commitment then outstanding at any time provided the Lender offers a Fixed Rate at such time for similarly classified loans.

Appears in 2 contracts

Samples: Loan Agreement (Madison River Capital LLC), Loan Agreement (Madison River Capital LLC)

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Conversion to Different Interest Program. (A) Variable Rate to Fixed Rate. Subject to the conditions set forth --------------------------- herein, the Borrower may convert from the Variable Rate to the Fixed Rate for any portion or all of the principal amount of the Commitment then outstanding at any time provided the Lender offers a Fixed Rate at such time for similarly classified loanstime.

Appears in 1 contract

Samples: Loan Agreement (Emerging Communications Inc)

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Conversion to Different Interest Program. (A) Variable Rate to Fixed Rate. Subject to the conditions set forth --------------------------- ---------------------------- herein, the Borrower may convert from the Variable Rate to the Fixed Rate for any portion or all of the principal amount of the Commitment then outstanding at any time provided the Lender offers a Fixed Rate at such time for similarly classified loans.

Appears in 1 contract

Samples: Loan Agreement (Madison River Capital LLC)

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