DESIGNATION OF INTEREST RATE. The Company shall have the right to elect that a Loan be made as a LIBOR Loan or a Base Rate Loan; PROVIDED that, unless the Agent shall otherwise agree in writing, the Company may not elect that a Loan be made as a LIBOR Loan if after giving effect to such Loan there shall be more than five (5) different LIBOR Loans outstanding.
Appears in 4 contracts
Samples: Credit Agreement (Apartment Investment & Management Co), Revolving Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)
DESIGNATION OF INTEREST RATE. The Company shall have the right to Borrower may elect that a Loan be made as a LIBOR Loan or a Base Rate Loan; PROVIDED that, unless the Agent shall otherwise agree agrees in writing, the Company Borrower may not elect that a Loan be made as a LIBOR Loan Loan, if after giving effect in addition to such Loan there shall will be more than five (5) different LIBOR Loans outstanding.
Appears in 1 contract
Samples: Credit Agreement (Apartment Investment & Management Co)
