Effect on Base Rate Loans. If notice has been given pursuant to Section 2.7(a) or (c) requiring LIBOR Loans of Lender to be repaid or Converted, then unless and until Lender notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Loans shall be Base Rate Loans. If Lender notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select LIBOR Loans.
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Samples: Revolving Credit Agreement (Amreit), Revolving Credit Agreement (Amreit), Revolving Credit Agreement (Amreit)
Effect on Base Rate Loans. If notice has been given pursuant to Section 2.7(a2.7.(a) or (c) requiring LIBOR Loans of a Lender to be repaid or Converted, then unless and until Lender Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Loans shall be Base Rate Loans. If Lender Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select Loans from such Lender to be LIBOR Loans.
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