Common use of Limitation on Certain Conversions Clause in Contracts

Limitation on Certain Conversions. Notwithstanding any other provision of this Agreement to the contrary, the Borrower may not borrow Revolving Loans at Adjusted Term SOFR or Convert Revolving Loans resulting in SOFR Rate Revolving Loans at any time an Event of Default has occurred and is continuing.

Appears in 15 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co)

AutoNDA by SimpleDocs

Limitation on Certain Conversions. Notwithstanding any other provision of this Agreement to the contrary, the Borrower may not borrow Revolving Loans at Adjusted Term SOFR or Convert Revolving Loans resulting in SOFR Rate Revolving Loans at any time an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Midamerican Energy Co)

AutoNDA by SimpleDocs

Limitation on Certain Conversions. Notwithstanding any other provision of this Agreement to the contrary, the Borrower may not borrow Revolving Loans at Adjusted the Term SOFR Rate or Convert Revolving Loans resulting in SOFR Rate Revolving Loans at any time an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Midamerican Energy Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!