Fixed Rate Loans. In addition to the other interest rate options provided herein, the Borrower may request a fixed rate ("Fixed Rate") on any ratable Advance for up to one (1) year. The Fixed Rate shall be as quoted by the Administrative Agent, subject to the approval of all of the Lenders. If Borrower and Lenders agree to a Fixed Rate for all or a portion of the advances outstanding hereunder, all the provisions contained herein for LIBOR Advances shall be applicable to such Fixed Rate Advances with the Interest Period being the period of time agreed to by Borrower and Lenders and the LIBOR Rate being equal to the Fixed Rate agreed to by Borrower and Lenders.
Appears in 5 contracts
Samples: Unsecured Revolving Credit Agreement (Storage Usa Inc), Unsecured Revolving Credit Agreement (Centerpoint Properties Trust), Unsecured Revolving Credit Agreement (Susa Partnership Lp)
Fixed Rate Loans. In addition to the other interest rate options provided herein, the Borrower may request a fixed rate ("Fixed Rate") on any ratable Advance for up to one (1) year. The Fixed Rate shall be as quoted by the Administrative Agent, subject to the approval of all of the Lenders. If Borrower and Lenders agree to a Fixed Rate for all or a portion of the advances outstanding hereunder, all the provisions contained herein for LIBOR Advances shall be applicable to such Fixed Rate Advances with the Interest Period being the period of time agreed to by Borrower and Lenders and the LIBOR Rate being equal to the Fixed Rate agreed to by Borrower and Lenders.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Corp)
