Effect on Interest Options Sample Clauses

Effect on Interest Options. If notice has been given pursuant to Section 4.02 or Section 4.03 requiring the Eurodollar Advances of any Bank to be repaid or converted, then unless and until such Bank notifies Borrowers that the circumstances giving rise to such repayment no longer apply, all Advances shall be Floating Base Advances. If such Bank notifies Borrowers that the circumstances giving rise to such repayment no longer apply, Borrowers may thereafter select Advances to be Eurodollar Advances in accordance with Section 2.02(c) of this Loan Agreement.
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Effect on Interest Options. 49 6.4 PAYMENTS NOT AT END OF INTEREST PERIOD....................... 49 6.5
Effect on Interest Options. If notice has been given pursuant to Section -------------------------- 5.1 or Section 5.2 requiring a type of Adjusted Libor Rate Loan to be repaid or converted, then unless and until the Bank notifies the Borrowers that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, Adjusted Libor Rate Loans shall thereafter be Base Rate Loans. If the Bank notifies the Borrowers that the circumstances giving rise to such repayment no longer apply, the Borrowers may thereafter select Loans to be the Adjusted Libor Rate Loans in accordance with Section 4.3.A or Section 4.3.B.
Effect on Interest Options. If notice has been given pursuant to Section 4.02 or Section 4.03 requiring the LIBOR Advances of any Bank to be repaid or converted, then unless and until such Bank notifies Company that the circumstances giving rise to such repayment no longer apply, all Advances shall be Base Rate Advances. If such Bank notifies Company that the circumstances giving rise to such repayment no longer apply, Company may thereafter select Advances to be LIBOR Advances in accordance with Section 2.02(c) of this Loan Agreement.
Effect on Interest Options. If notice has been given pursuant to Section 4.1 or Section 4.2 requiring a type of Eurodollar Loan to be repaid or converted, then unless and until the Agent notifies the Borrowers that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, all Loans shall thereafter be Alternate Base Rate Loans. If the Agent notifies the Borrowers that the circumstances giving rise to such repayment no longer apply, the Borrowers may thereafter select Loans to be Eurodollar Loans in accordance with Section 3.2.A.(1).
Effect on Interest Options. If notice has been given pursuant to this Section requiring advances subject to the LIBOR Rate Option to be repaid or converted, then unless and until the Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, all subsequent advances shall be subject to the Prime Rate Option. If the Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, then Borrower may thereafter select the LIBOR Rate Option in accordance with of this Agreement.
Effect on Interest Options. If notice has been given pursuant to Section 4.02 requiring any Advances to be repaid or converted, then unless and until such Bank notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Advances shall be Floating Base Advances (or, if CD Advances were required to be repaid or converted, Eurodollar Advances, and vice versa, unless prohibited hereunder). If such Bank notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select Advances to be of the type which had been required to be repaid or converted in accordance with Section 2.02(c) of this Loan Agreement.
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Related to Effect on Interest Options

  • Effect on Stock At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Merger Sub or the holders of any securities of the Company or Merger Sub:

  • Effect on Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Parent or Sub:

  • No Effect on Service Nothing in this Agreement or in the Plan shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from employment or consulting free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan, this Agreement or any other written agreement between the Participant and the Company or an Affiliate thereof.

  • Effect on Obligations Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder; provided, however, that termination pursuant to paragraph (b) of Section 8.01 shall not relieve any party that breached its covenants or agreements contained herein or in any related agreement from any liability to the other party hereto by reason of such breach.

  • Effect on Other Plans An election by the Executive to resign after a Change in Control under the provisions of this Agreement shall not be deemed a voluntary termination of employment by the Executive for the purpose of interpreting the provisions of any of the Company’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 5 hereof, and except that the Executive shall have no rights to any severance benefits under any severance pay plan.

  • Effect on Agreement Except as specifically required to implement the purposes of this Addendum, or to the extent inconsistent with a material term of this Addendum, all other terms of the Agreement shall remain in full force and effect.

  • No Effect on Other Rights This Agreement constitutes the entire agreement between the Employer and the Executive as to the subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. Nothing contained herein will confer upon the Executive the right to be retained in the service of the Employer nor limit the right of the Employer to discharge or otherwise deal with the Executive without regard to the existence hereof.

  • No Creation of a Partnership or Exclusive Purchase Right Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

  • Effect on Lease (a) If the Premises are totally taken by Condemnation, this Lease shall terminate as of the Date of Condemnation. If a portion but not all of the Premises is taken by Condemnation, this Lease shall remain in effect; provided, however, that if the portion of the Premises remaining after the Condemnation will be unsuitable for Tenant's continued use, then upon notice to Landlord within thirty (30) days after Landlord notifies Tenant of the Condemnation, Tenant may terminate this Lease effective as of the Date of Condemnation. (b) If twenty-five percent (25%) or more of the Project or of the parcel(s) of land on which the Building is situated or of the Parking Facility or of the floor area in the Building is taken by Condemnation, or if as a result of any Condemnation the Building is no longer reasonably suitable for use as an office building, whether or not any portion of the Premises is taken, Landlord may elect to terminate this Lease, effective as of the Date of Condemnation, by notice to Tenant within thirty (30) days after the Date of Condemnation. (c) If all or a portion of the Premises is temporarily taken by a Condemnor for a period not extending beyond the end of the Term, this Lease shall remain in full force and effect.

  • Effect on Credit Agreement Except as specifically amended by this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed.

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