Common use of LIBOR Loans After Event of Default Clause in Contracts

LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after the occurrence of and during the continuance of any Event of Default, the Borrowers may not borrow Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Paetec Corp), Loan and Security Agreement (Paetec Corp)

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LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after After the occurrence of and during the continuance of any Event of Default, the Borrowers no Borrower may not borrow Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

LIBOR Loans After Event of Default. Unless the Requisite Majority Lenders ---------------------------------- shall otherwise agree, after the occurrence of and during the continuance of any Event of Default, the Borrowers no Borrower may not borrow Revolving Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after the occurrence of and during the continuance of any Event of Default, the Borrowers may not borrow Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Paetec Corp)

LIBOR Loans After Event of Default. Unless the Requisite Majority Lenders ---------------------------------- shall otherwise agree, after the occurrence of and during the continuance of any Event of Default, the Borrowers may not borrow Revolving Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Imation Corp)

LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after After the occurrence of and during ---------------------------------- the continuance of any Event of DefaultDefault referred to in Section 9.01(a), the Borrowers Borrower may not borrow Revolving Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: First Priority Loan Agreement (Northpoint Communications Group Inc)

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LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after After the occurrence of and during the continuance of any Event of Default, the Borrowers Borrower may not borrow Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Film Department Holdings, Inc.)

LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after the occurrence of and during the continuance of any Event of Default, the Borrowers may not borrow Revolving Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

LIBOR Loans After Event of Default. Unless the Requisite Lenders ---------------------------------- shall otherwise agree, after After the occurrence of and ---------------------------------- during the continuance of any Event of DefaultDefault referred to in Section 9.01(a), the Borrowers Borrower may not borrow Loans as LIBOR Loans or elect to have any Loans continued as, or converted to, LIBOR Loans after the expiration of any Interest Period then in effect for such Loans.

Appears in 1 contract

Samples: Second Priority Loan Agreement (Northpoint Communications Group Inc)

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