Common use of Effect On Other Loans Clause in Contracts

Effect On Other Loans. If notice has been given pursuant to Sections 11.1, 11.2 or 11.3 suspending the obligation of any Lender to make any Eurodollar Loan, or requiring Eurodollar Loans of any Lender to be repaid or prepaid, then, unless and until such Lender (or, in the case of Section 11.1, the Administrative Agent) notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made by such Lender as to the Eurodollar Loans affected shall, at the option of the Borrower, be made instead as Base Rate Loans.

Appears in 5 contracts

Samples: Credit Agreement (Vulcan Materials CO), Credit Agreement (Vulcan Materials CO), Day Credit Agreement (Vulcan Materials CO)

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Effect On Other Loans. If notice has been given pursuant to Sections 11.112.1, 11.2 12.2 or 11.3 12.3 suspending the obligation of any Lender to make any Eurodollar Loanany, or requiring Eurodollar Loans of any Lender to be repaid or prepaid, then, unless and until such Lender (or, in the case of Section 11.112.1, the an Administrative Agent) notifies the Administrative Borrower that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made by such Lender as to the Eurodollar Loans affected shall, at the option of the Administrative Borrower, be made instead as Base Rate Loans.

Appears in 2 contracts

Samples: Security Agreement (Zayo Group LLC), Credit Agreement (Zayo Group LLC)

Effect On Other Loans. If notice has been given pursuant to Sections 11.112.1, 11.2 12.2 or 11.3 12.3 suspending the obligation of any Lender to make any Eurodollar Loan, or requiring Eurodollar Loans of any Lender to be repaid or prepaid, then, unless and until such Lender (or, in the case of Section 11.112.1, the Administrative Agent) notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made by such Lender as to the Eurodollar Loans affected shall, at the option of the Borrower, be made instead as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

Effect On Other Loans. If notice has been given pursuant to Sections 11.112.1, 11.2 12.2 or 11.3 12.3 suspending the obligation of any Lender to make any Eurodollar Loan, or requiring Eurodollar Loans of any Lender to be repaid or prepaid, then, unless and until such Lender (or, in the case of Section 11.112.1, the Administrative Agent) notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made by such Lender as to the Eurodollar Loans affected shall, at the option of the BorrowerBorrowers, be made instead as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

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Effect On Other Loans. If notice has been given pursuant to Sections 11.1, 11.2 or 11.3 suspending the obligation of any Lender to make any Eurodollar EurodollarSOFR Loan, or requiring Eurodollar EurodollarSOFR Loans of any Lender to be repaid or prepaid, then, unless and until such Lender (or, in the case of Section 11.1, the Administrative Agent) notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made by such Lender as to the Eurodollar EurodollarSOFR Loans affected shall, at the option of the Borrower, be made instead as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

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