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.
Appears in 4 contracts
Samples: Credit Agreement (Legg Mason Light Street Trust Inc), Credit Agreement (Legg Mason Global Trust Inc), Credit Agreement (Legg Mason Value Trust Inc)
