Common use of Determination by a Lender Clause in Contracts

Determination by a Lender. If any Lender determines that, for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable Margin. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.

Appears in 3 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Determination by a Lender. If any Lender determines that, for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable Margin. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s 's commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Determination by a Lender. If any Lender determines that, for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable Margin. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.. Third Amended and Restated Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Determination by a Lender. If any Lender determines that, for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, Amended and Restated Credit Agreement 29 and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable Margin. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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Determination by a Lender. If any Lender determines that, for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable MarginRate. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s 's commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Determination by a Lender. If any Lender determines that, that for any Eurodollar Borrowing and for other similar loans made by such Lender to similar borrowers, the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate plus the Applicable Margin. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender’s 's commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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