Common use of Interest Rate Options Clause in Contracts

Interest Rate Options. The Loans shall, at the option of the Borrower and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.

Appears in 39 contracts

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Term Loan Credit Agreement (PPL Electric Utilities Corp)

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Interest Rate Options. The Loans shall, at the option of the Borrower and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.. (b)

Appears in 4 contracts

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Loan Credit Agreement (LG&E & KU Energy LLC), Credit Agreement (LG&E & KU Energy LLC)

Interest Rate Options. The Loans shall, at the option of the --------------------- Borrower and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.

Appears in 2 contracts

Samples: Day Credit Agreement (PPL Corp), Day Credit Agreement (PPL Corp)

Interest Rate Options. The Loans shallEach Loan shall initially be incurred as a Base Rate Loan and, at the option of the Borrower and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (PPL Energy Supply LLC)

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Interest Rate Options. The Loans shall, at the option of the Borrower --------------------- and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.

Appears in 1 contract

Samples: Credit Agreement (PPL Corp)

Interest Rate Options. The Loans shall, at the option of the applicable Borrower and except as otherwise provided herein, be incurred and maintained as, or converted into, one or more Base Rate Loans or Euro-Dollar Loans.. (b)

Appears in 1 contract

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)

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