Common use of Effect On Other Advances Clause in Contracts

Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Bank to make any LIBOR Advance, or requiring LIBOR Advances to be repaid or prepaid, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances which would otherwise be made by such Bank shall, at the option of the Borrower, be made instead as Prime Rate Advances.

Appears in 2 contracts

Samples: Loan Agreement (Irt Property Co), Loan Agreement (Irt Property Co)

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Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Bank to make its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances to be repaid or prepaid, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall, at the option of unless otherwise notified by the Borrower, be made instead as Prime Base Rate Advances.

Appears in 2 contracts

Samples: Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Tower Systems Corp)

Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.2 or 10.3 hereof suspending the obligation of any Bank to make its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances to be repaid or prepaid, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall, at the option of unless otherwise notified by the Borrower, be made instead as Prime Base Rate Advances.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Systems Corp), Loan Agreement (American Radio Systems Corp /Ma/)

Effect On Other Advances. If notice has been given pursuant ------------------------ to Section 10.1, 10.2 or 10.3 hereof suspending the obligation of any Bank to make its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances to be repaid or prepaid, then, unless and until such Bank notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances amounts which would otherwise be made by such Bank shallas its portion of LIBOR Advances shall be instead as Base Rate Advances, at the option unless otherwise notified by either of the Borrower, be made instead as Prime Rate AdvancesBorrowers.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Effect On Other Advances. If notice has been given pursuant ------------------------ to Section 10.1, 10.2 or 10.3 suspending the obligation of any Bank to make its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances to be repaid or prepaid, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall, at the option of unless otherwise notified by the Borrower, be made instead as Prime Base Rate Advances.

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

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Effect On Other Advances. If notice has been given pursuant to Section 10.19.1, 10.2 9.2 or 10.3 9.3 suspending the obligation of any the Bank to make any LIBOR AdvanceAdvances, or requiring the Bank's LIBOR Advances to be repaid or prepaid, then, unless and until such the Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances amounts which would otherwise be made by such the Bank as LIBOR Advances shall, at the option of unless otherwise notified by the Borrower, be made instead as Prime Base Rate Advances.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.1 or 10.2 or 10.3 suspending the obligation of any Bank the Lenders to make any LIBOR Advance, or requiring LIBOR Advances of the Lenders to be repaid or prepaid, then, unless and until such Bank notifies the Majority Lenders notify the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances which would otherwise be made by such Bank shall, at the option of the Borrower, Lenders as LIBOR Advances shall be made instead as Prime Rate Advances.

Appears in 1 contract

Samples: Loan Agreement (Bresnan Capital Corp)

Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.2 or 10.3 hereof suspending the obligation of any Bank to make any type of LIBOR Advance, or requiring LIBOR Advances of any Bank to be repaid or prepaid, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all LIBOR Advances which would otherwise be made by such Bank as to the LIBOR Advances shall, at the option of the Borrower, be made instead as Prime Base Rate AdvancesAdvances or, if available, the other type of LIBOR Advance, as specified by the Borrower.

Appears in 1 contract

Samples: Revolving Loan Agreement (Tci Music Inc)

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