Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be ABR Advances or Eurodollar Advances, then the requested Revolving Credit Loans shall be an ABR Advance. If no Interest Period is specified with respect to any requested borrowing of Eurodollar Advances, then the Borrower shall be deemed to have selected an Interest Period of one month's duration.
Appears in 3 contracts
Samples: Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc), Credit Agreement (New Plan Excel Realty Trust Inc)
Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be ABR Advances or Eurodollar Advances, then the requested Revolving Credit Loans shall be an ABR Advance. If no Interest Period is specified with respect to any requested borrowing of Eurodollar Advances, then the Borrower shall be deemed to have selected an Interest Period of one month's duration.
Appears in 2 contracts
Samples: Credit Agreement (Urstadt Biddle Properties Inc), Assignment and Assumption Agreement (Urstadt Biddle Properties Inc)
Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be ABR Advances or Eurodollar Advances, then the requested Revolving Credit Loans shall be an ABR Advance. If no Interest Period is specified with respect to any requested borrowing of Eurodollar Advances, then the Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Samples: Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc)
Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be ABR Advances or Eurodollar EurodollarSOFR Advances, then the requested Revolving Credit Loans shall be an ABR Advance. If no Interest Period is specified with respect to any requested borrowing of Eurodollar EurodollarSOFR Advances, then the Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be ABR Advances or Eurodollar Advances, then the requested Revolving Credit Loans shall be an ABR Advance. If no Interest Period is specified with respect to any requested borrowing of Eurodollar Advances, then the Borrower shall be deemed to have selected an Interest Period of one month's duration.
Appears in 1 contract
Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc)
