Common use of LIBOR Loans After Default Clause in Contracts

LIBOR Loans After Default. Unless all Lenders shall otherwise agree, after the occurrence of and during the continuance of a Default, the Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Loan.

Appears in 4 contracts

Samples: Credit Agreement (Nn Inc), Credit Agreement (Cti Molecular Imaging Inc), Credit Agreement (Cti Inc /Tn)

AutoNDA by SimpleDocs

LIBOR Loans After Default. Unless all Lenders shall otherwise agree, after the occurrence of and during the continuance of a Default or an Event of Default, the Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Loan.

Appears in 4 contracts

Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)

AutoNDA by SimpleDocs

LIBOR Loans After Default. Unless all Lenders shall otherwise agree, after After the occurrence of and during the continuance of a an Event of Default, the Borrower may not elect to have a Loan be made or continued as, or converted to, to a LIBOR Loan.

Appears in 1 contract

Samples: Loan Agreement (Abr Information Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.