Loan Options. Each Loan shall be either a Federal Funds Rate Loan or a Eurodollar Loan, as shall be selected by the relevant Fund or Portfolio, except as otherwise provided herein. Any combination of types of Loans may be outstanding at the same time, except that no more than three Loans having different Interest Periods may be outstanding at any one time with respect to each Fund or, with respect to a Fund comprised of Portfolios, each Portfolio of that Fund.
Loan Options. Each Loan shall be an Alternate Reference Rate Loan or a Eurodollar Loan, as shall be selected by the Borrower, except as otherwise provided herein. Any combination of types of Loans may be outstanding at the same time, except that no more than five Eurodollar Loans having different Interest Periods may be outstanding at any one time.
Loan Options. 2 Loan Options. Each Loan shall be either a Reference Rate Loan or a Eurodollar Loan or a Money Market Loan, except as otherwise provided herein. Any combination of types of Loans may be outstanding at the same time; provided, however, that the Company may not have more than ten borrowings of Eurodollar Loans outstanding at the same time.
Loan Options. Each Loan shall be either an Alternate Base Rate Loan or a Term SOFR Loan as shall be selected by the Lead Borrower, except as otherwise provided herein. During any period that any Event of Default or Unmatured Event of Default exists, the Lead Borrower shall no longer have the option of electing Term SOFR Loans, and during such period all Loans shall be made as or converted to (on the last day of the Interest Period therefor) Alternate Base Rate Loans only, it being understood, however, that the foregoing shall not be construed to waive, amend or modify any right or power of the Lenders and the Administrative Agent hereunder, including all rights to terminate the Commitments and declare the Loans immediately due and payable. The maximum number of Borrowings of Term SOFR Loans which the Lead Borrower shall be permitted to have outstanding at any time shall not exceed ten (10). The Lead Borrower shall not have the right to borrow Term SOFR Loans less than two weeks prior to the scheduled Termination Date.
Loan Options. If you have elected to have the lender pay the mortgage broker's compensation, for each type of transaction in which you have expressed an interest, your mortgage broker has obtained loan options from a significant number of creditors with which your mortgage broker regularly does business. Your mortgage broker has a good faith belief that you likely qualify for these loans. These options as presented to you represent the following: By signing below, you acknowledge that:
(i) You have received an initial Good Faith Estimate within three (3) business days of the mortgage loan application date and you intend to proceed with the loan transaction.
(ii) The Agreement has been explained to you and you understand it.
(iii) You have not been charged any fees, other than a reasonable credit fee (if applicable), prior to entering into this Agreement
(iv) You voluntarily enter into this Agreement and agree to the fees above.
(v) The fees above are based on current market rates and your current loan request.
(vi) If you have elected to have the lender pay the mortgage broker's compensation, you have been provided with loan options that represent a loan with the lowest interest rate, loan with the lowest interest rate without risky features and loan with the lowest total dollar amount for origination points and fees and discount points
Loan Options. All or any portion of either Class of Loans may be maintained as either Type of Loan, as shall be selected by the Borrower from time to time except as otherwise provided herein.
Loan Options. Each Loan shall be a Term SOFR Loan or a Base Rate Loan, as selected by the Lead Borrower. During any period that any Event of Default or Unmatured Event of Default exists, the Lead Borrower shall no longer have the option of electing Term SOFR Loans, 28 and during such period all Loans shall be automatically converted to (on the last day of the Interest Period therefor) Base Rate Loans only, it being understood, however, that the foregoing shall not be construed to waive, amend or modify any right or power of the Lenders and the Administrative Agent hereunder, including all rights to terminate the Commitments and declare the Loans immediately due and payable.
Loan Options. Each Loan shall be a LIBOR Rate Loan or a Base Rate Loan, as selected by the Lead Borrower. During any period that any Event of Default or Unmatured Event of Default exists, the Lead Borrower shall no longer have the option of electing LIBOR Rate Loans, and during such period all Loans shall be automatically converted to (on the last day of the Interest Period therefor) Base Rate Loans only, it being understood, however, that the foregoing shall not be construed to waive, amend or modify any right or power of the Lenders and the Administrative Agent hereunder, including all rights to terminate the Commitments and declare the Loans immediately due and payable.
Loan Options. Each Supplemental Inventory Loan shall be either a Prime Rate Loan or a LIBOR Loan as shall be selected by Dealer, except as otherwise provided herein. During any period that any default under this Agreement or any event which with notice, the passage of time, or both, would constitute a default, shall occur and be continuing, Dealer shall no longer have the option of electing LIBOR Loans, and all Supplemental Inventory Loans made during such period shall be Prime Rate Loans only; it being understood, however, that nothing herein shall be construed to waive, amend or modify any right or power of DFS hereunder, including, without limitation, all rights to terminate the credit facilities hereunder and declare all Obligations immediately due and payable. No LIBOR Loans shall be made for less than the number of days designated for the Interest Period of any such Supplemental Inventory Loan, and in no event less than 30 days prior to the termination of this Agreement. Each LIBOR Loan shall be in an original principal amount of One Million Dollars ($1,000,000.00), or any whole multiple of One Million Dollars ($1,000,000.00) in excess thereof. All Supplemental Inventory Loans will be funded and repaid in currency of the United States.
Loan Options. Buyer understands and acknowledges the possibility that many different loan programs, available from many different lenders, may well fit within the description of the loan set forth herein. No attempt has been made by Buyer to describe exactly all of the particular terms and conditions of said loan. The economics of this transaction, as bargained for by the parties, are such that Buyer agrees that a loan with terms consistent with those described herein shall be acceptable to Buyer and shall satisfy this loan contingency. Buyer, at his option and without voiding this agreement, may also apply for a loan with different terms and conditions and close the transaction provided (a) all other terms and conditions of this Agreement are fulfilled; and (b) the new loan does not increase the costs charged to the Seller. Buyer shall be obligated to close this transaction if Buyer has the ability to obtain a loan with terms as described herein and/or any other loan for which Buyer has applied and been approved.
