Libor Loan Tranches Sample Clauses

Libor Loan Tranches. Subject to the terms and conditions of this Agreement, the Borrower may periodically select, in accordance with Section 3.7 hereof, to have the principal amount of the Loan or one or more portions thereof made or continued as Libor Loans; provided, however, that (a) not more than five portions of the principal amount of the Loan may be outstanding as Libor Loans at any time; (b) a Libor Loan may be converted into a Base Rate Loan to the extent permitted under Section 3.11 of this Agreement; and (c) except as otherwise provided in Section 3.11 of this Agreement, the Borrower shall not have the right to request that the principal amount of the Loan or any portion of it be disbursed or continued as or converted into a Base Rate Loan.