Options of Borrower Sample Clauses

Options of Borrower. In lieu of paying Lenders such additional moneys as are required by subsection 2.10(B) or the prepayment required by subsection 2.10(C), Borrowers may exercise any one of the following options:
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Options of Borrower. In lieu of prepaying the Lenders as required by Section 4.4(d) above, Borrower may, by giving notice (by telephone confirmed immediately by telecopy) to Agent and subject to the other terms of this Agreement, request the Lenders to make the LIBOR Rate Loan then being requested as a Prime Rate Loan or to continue to maintain its outstanding Prime Rate Loan then the subject of a Notice of LIBOR Activity as a Prime Rate Loan or to convert its LIBOR Rate Loans then outstanding that are so affected into Prime Rate Loans at the end of the then current Interest Period (or at such earlier time as prepayment is otherwise required) in the manner contemplated by Section 4.4 but without satisfying the advance notice requirements therein.
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Options of Borrower. In lieu of prepaying Lender as required by SECTION 4.5(D) above, Borrower may exercise either of the following options:
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Options of Borrower. In lieu of paying an Affected Lender such additional moneys as are required by subsection 2.2(D) (2) or the prepayment of an Affected Lender required by subsection 2.2 (D) (3), Borrower may exercise any one of the following options: (a) If the determination by an Affected Lender relates only to LIBOR Loans then being requested by Borrower pursuant to a Notice of Borrowing or a Notice of Conversion/Continuation, Borrower may by giving notice (by telephone confirmed in writing) to Agent (who shall promptly give similar notice to each Lender) no later than the date immediately prior to the date on which such LIBOR Loans are to be made, withdraw that Notice of Borrowing or Notice of Conversion/Continuation and the LIBOR Loans then being requested shall be made by Lenders as Base Rate Loans; or
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Options of Borrower. In lieu of paying NCB such additional moneys as are required by Section 3.3.2 or the prepayment required by Section 3.3.3, Borrower may exercise any one of the following options; provided, that Borrower may in no event avoid payment obligations that have Exhibit (10.2)-p 21 27 accrued under Section 3.3.2 or Section 3.3.3, as the case may be, as of the date on which such option is exercised:
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Options of Borrower. In lieu of prepaying Lender as required by Section 4.4(d) above, the Funds Administrator may, on behalf of the Borrowers, by giving notice (by telephone confirmed immediately by telecopy) to Lender and subject to the other terms of this Agreement, request the Lender to make the LIBOR Rate Loan then being requested as a Prime Rate Loan or to continue to maintain its outstanding Prime Rate Loan then the subject of a Notice of LIBOR Activity as a Prime Rate Loan or to convert its LIBOR Rate Loans then outstanding that are so affected into Prime Rate Loans at the end of the then current Interest Period (or at such earlier time as prepayment is otherwise
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Options of Borrower. In lieu of prepaying LIBOR Rate Loans as required by Section 4.7(d) above, Borrower may exercise either of the following options:
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Related to Options of Borrower

  • OBLIGATIONS OF BORROWER Until payment in full of all Loan Facility Obligations and termination of the Loan Documents, Borrower agrees as follows:

  • Locations of Borrower Each Borrower's chief executive office is located at the addresses set forth on Schedule 4.15(c) hereto. Until written notice is given to Agent by Borrowing Agent of any other office at which any Borrower keeps its records pertaining to Receivables, all such records shall be kept at such executive office.

  • No Obligations of Borrower Nothing contained in this Article 10 shall be deemed to impose upon Borrower any obligation in respect of the due and punctual performance by the Administrative Agent of its obligations to the Lenders under any provision of this Agreement, and Borrower shall have no liability to the Administrative Agent or any of the Lenders in respect of any failure by the Administrative Agent or any Lender to perform any of its obligations to the Administrative Agent or the Lenders under this Agreement. Without limiting the generality of the foregoing, where any provision of this Agreement relating to the payment of any amounts due and owing under the Loan Documents provides that such payments shall be made by Borrower to the Administrative Agent for the account of the Lenders, Borrower’s obligations to the Lenders in respect of such payments shall be deemed to be satisfied upon the making of such payments to the Administrative Agent in the manner provided by this Agreement.

  • Representations of Borrower The Borrower represents and warrants that (i) the representations and warranties of the Borrower set forth in Article 4 of the Credit Agreement will be true on and as of the Amendment Effective Date and (ii) no Default will have occurred and be continuing on such date.

  • CONDITIONS OF BORROWING Notwithstanding any other provision of this Agreement, the Bank shall not be required to disburse, make or continue all or any portion of the Loans, if any of the following conditions shall have occurred.

  • Obligations of the Borrower 13 Section 3.01.

  • Obligations of Parent Whenever required under this Article 2 to effect the registration of any Registrable Securities, Parent shall, as expeditiously as reasonably possible:

  • Reaffirmation of Credit Party Obligations Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

  • Conditions of Credit The obtaining or maintaining of credit hereunder shall be subject to the terms and conditions contained in this Article 8.

  • Performance of Borrowers’ Obligations Agent may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of a Borrower under any Loan Documents or otherwise lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section shall be reimbursed to Agent by Borrowers, on demand, with interest from the date incurred to the date of payment thereof at the Default Rate applicable to Base Rate Revolver Loans. Any payment made or action taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

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