LIBOR Rate Loans After Default. Unless the Required Lenders shall otherwise agree in writing, after occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
Appears in 2 contracts
Samples: Secured Credit Agreement (Gibraltar Packaging Group Inc), Secured Credit Agreement (Irwin Naturals 4 Health)
LIBOR Rate Loans After Default. Unless the Required Agent and Requisite Lenders shall otherwise agree in writingagree, after the occurrence of and during the continuance of an Unmatured Event of a Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
Appears in 2 contracts
Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Lynch Corp)
LIBOR Rate Loans After Default. Unless the Required Lenders Lender shall otherwise agree in writing, after occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower Borrowers may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.. (i)
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LIBOR Rate Loans After Default. Unless After the Required Lenders shall otherwise agree in writing, after occurrence of and during the continuance of an Unmatured Event of Default or an Event of a Default, the Borrower may not elect to have a Loan Term Credit be made as a LIBOR Rate Loan or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loaneffect.
Appears in 1 contract
Samples: Credit Agreement (Luxtec Corp /Ma/)
LIBOR Rate Loans After Default. Unless the Required Lenders Lender shall otherwise agree in writing, after occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower the Funds Administrator may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
Appears in 1 contract
Samples: Secured Credit Agreement (Diplomat Direct Marketing Corp)
LIBOR Rate Loans After Default. Unless the Required Lenders Lender shall otherwise agree in writingagree, after the occurrence of and during the continuance of an Unmatured Event of a Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Logic Research Inc)
LIBOR Rate Loans After Default. Unless the Required Requisite Lenders shall otherwise agree in writing, after the occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
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LIBOR Rate Loans After Default. Unless the Required Lenders Lender shall otherwise agree in writing, after the occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
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