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 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 Borrowers that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall be instead as Base Rate Advances, unless otherwise notified by either of the Borrowers.

Appears in 2 contracts

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

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Effect On Other Advances. If notice has been given pursuant ------------------------ to Section 10.18.01, 10.2 8.02 or 10.3 8.03 hereof suspending the obligation of any Bank Lender to make its portion of any type of LIBOR AdvanceLoans, or requiring such Bank's portion LIBOR Loans of LIBOR Advances any Lender to be repaid or prepaid, then, unless and until such Bank Lender notifies the Borrowers that the circumstances giving rise to such repayment no longer apply, all amounts Advances which would otherwise be made by such Bank Lender as its portion LIBOR Loans shall, at the option of LIBOR Advances shall the applicable Borrower, be made instead as Base Overnight Rate Advances, unless otherwise notified by either of the BorrowersLoans or Prime Rate Loans.

Appears in 2 contracts

Samples: Day Credit Agreement (Huntington Funds), Day Credit Agreement (Huntington Funds)

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

Appears in 2 contracts

Samples: Credit Agreement (Medirisk Inc), Credit Agreement (Medirisk Inc)

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 Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall shall, unless otherwise notified by the Borrower, be made instead as Base Rate Advances, unless otherwise notified by either of the Borrowers.

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 Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts LIBOR Advances which would otherwise be made by such Bank as its portion shall, at the option of LIBOR Advances shall the Borrower, be made instead as Base Prime Rate Advances, unless otherwise notified by either of the Borrowers.

Appears in 2 contracts

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

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 Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall shall, unless otherwise notified by the Borrower, be made instead as Base Rate Advances, unless otherwise notified by either of the Borrowers.

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 10.19.1, 10.2 9.2 or 10.3 hereof 9.3 suspending the obligation of any Bank the Lender to make its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances of the Lender to be repaid or prepaid, then, unless and until such Bank the Lender notifies the Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts Advances which would otherwise be made by such Bank the Lender as its portion the type of LIBOR Advances shall affected shall, at the option of the Borrower, be made instead as Base Prime Rate Advances, unless otherwise notified by either of the Borrowers.

Appears in 1 contract

Samples: Loan Agreement (Metrotrans Corp)

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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 hereof 9.3 suspending the obligation of any the Bank to make its portion of any type of LIBOR AdvanceAdvances, or requiring such the Bank's portion of LIBOR Advances to be repaid or prepaid, then, unless and until such the Bank notifies the Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made by such the Bank as its portion of LIBOR Advances shall shall, unless otherwise notified by the Borrower, be made instead as Base Rate Advances, unless otherwise notified by either of the Borrowers.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

Effect On Other Advances. If notice has been given pursuant ------------------------ to Section 10.1, 10.2 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 Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made by such Bank as its portion of LIBOR Advances shall shall, unless otherwise notified by the Borrower, be made instead as Base Rate Advances, unless otherwise notified by either of the Borrowers.

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

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

Appears in 1 contract

Samples: Pledge 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 its portion of any type of LIBOR Advance, or requiring such Bank's portion of LIBOR Advances of any Bank to be repaid or prepaid, then, unless and until such Bank notifies the Borrowers Borrower that the circumstances giving rise to such repayment no longer apply, all amounts Advances which would otherwise be made by such Bank as its portion of to the LIBOR Advances shall shall, at the option of the Borrower, be made instead as Base Rate AdvancesAdvances or, unless otherwise notified if available, the other type of LIBOR Advance, as specified by either of the BorrowersBorrower.

Appears in 1 contract

Samples: Tci Music Inc

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