Conversion to Prime Loan. LIBOR Loans shall automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.
Appears in 4 contracts
Samples: Revolving Note (Sm&A), Revolving Note (Sm&A), Revolving Note (Sm&A)
Conversion to Prime Loan. A LIBOR Loans shall Loan will automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.
Appears in 1 contract
Conversion to Prime Loan. A LIBOR Loans shall Loan will automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.
Appears in 1 contract
Samples: Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc)
