Post-Default Interest Options. Notwithstanding Section 2.3, if an Event of Default or Potential Event of Default has occurred and is continuing, the Required Lenders, at their option, may cause all Loans to be Base Rate Loans.
Appears in 2 contracts
Samples: Discretionary Demand Credit Agreement (Alteva, Inc.), Credit Agreement (Warwick Valley Telephone Co)
Post-Default Interest Options. Notwithstanding Section 2.3, if an Event of Default or Potential Event of Default has occurred and is continuing, the Required LendersLender, at their its option, may cause all Loans to be Base Rate Loans.
Appears in 1 contract
Post-Default Interest Options. Notwithstanding anything to the contrary in Section 2.3, if an Event of Default or Potential Event of Default has occurred and is continuing, the Required LendersLender, at their its option, may cause all Loans to be Base Rate Loans.
Appears in 1 contract
Samples: Credit Agreement (First Trust Alternative Opportunities Fund)
