Common use of Effect On Other Loans Clause in Contracts

Effect On Other Loans. If notice has been given pursuant to --------------------- Section 5.02 or Section 5.03 requiring the Affected Borrowings 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 or any other Borrowing that are not Affected Borrowings shall be Advances. If such Bank notifies Company that the circumstances giving rise to such repayment no longer apply, Company may thereafter select Advances to be Borrowings that were formerly Affected Borrowings in accordance with Section 2.02(c) of this Loan Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)

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Effect On Other Loans. If notice has been given pursuant to --------------------- Section 5.02 or Section 5.03 requiring the Affected Borrowings 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 or any other Borrowing that are not Affected Borrowings shall be Advances. If such Bank notifies Company that the circumstances giving rise to such repayment no longer apply, Company may thereafter select Advances to be Borrowings that were formerly Affected Borrowings in accordance with Section 2.02(c) of this Loan Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)

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