Common use of General Conditions Precedent to LIBOR Rate Election Clause in Contracts

General Conditions Precedent to LIBOR Rate Election. In addition to any other conditions herein, a LIBOR Rate Election shall not be permitted if:

Appears in 12 contracts

Samples: Replacement Credit Agreement (Argan Inc), Revolving Credit Note (Ipg Photonics Corp), Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

AutoNDA by SimpleDocs

General Conditions Precedent to LIBOR Rate Election. In addition to any other conditions herein, a LIBOR Rate Election shall not be permitted if:: (a) A Default or a Potential Default has occurred and is continuing; or

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!