Effect of Incomplete Borrowing Request. If no election is made as to the whether the Revolving Credit Loans shall be Prime Rate Loans or LIBOR Loans, then the requested Revolving Credit Loans shall be Prime Rate Loans. If no Interest Period is specified with respect to any requested borrowing of LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Appears in 4 contracts
Samples: Credit Agreement (Centro NP LLC), Revolving Credit Agreement (Centro NP LLC), Revolving 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 Prime Rate Loans or LIBOR Loans, then the requested Revolving Credit Loans shall be a Prime Rate LoansLoan. If no Interest Period is specified with respect to any requested borrowing of LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period of one month’s 's duration.
Appears in 1 contract
Samples: Term Loan 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 Prime Rate Loans or LIBOR Loans, then the requested Revolving Credit Loans shall be Prime Rate Loans. If no Interest Period is specified with respect to any requested borrowing of LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period of one month’s 's duration.
Appears in 1 contract
Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)
