Common use of Prime Loans Substituted for Affected LIBOR Loans Clause in Contracts

Prime Loans Substituted for Affected LIBOR Loans. If notice ------------------------------------------------ has been given by Lender pursuant to Sections 2.09 or 2.10 or by Borrower pursuant to Section 2.11 requiring LIBOR Loans to be repaid or converted to Prime Loans, then, unless and until Lender notifies Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the Loans that would otherwise be made by Lender to Borrower as LIBOR Loans shall be made instead as Prime Loans. Lender shall promptly notify Borrower if and when the circumstances giving rise to such repayment no longer apply.

Appears in 1 contract

Samples: Loan Agreement (Laclede Gas Co)

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Prime Loans Substituted for Affected LIBOR Loans. If notice ------------------------------------------------ has been -------------------------------------------------- given by Lender pursuant to Sections 2.09 2.13 or 2.10 2.14 or by Borrower Borrowers pursuant to Section 2.11 2.15 requiring LIBOR Loans to be repaid or converted to Prime Loans, then, unless and until Lender notifies Borrower Borrowers that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the all Loans that which would otherwise be made by Lender to Borrower Borrowers as LIBOR Loans shall be made instead as Prime Loans. Lender shall promptly notify Borrower Borrowers if and when the circumstances giving rise to such repayment or conversion no longer apply.

Appears in 1 contract

Samples: Loan Agreement (Amrep Corp)

Prime Loans Substituted for Affected LIBOR Loans. If notice ------------------------------------------------ has been given by Lender pursuant to Sections 2.09 2.11 or 2.10 2.12 or by Borrower pursuant to Section 2.11 2.04 requiring LIBOR Loans to be repaid or converted to Prime Loans, then, unless and until Lender notifies Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the Loans that would otherwise be made by Lender to Borrower as LIBOR Loans shall be made instead as Prime Loans. Lender shall promptly notify Borrower if and when the circumstances giving rise to such repayment no longer apply.

Appears in 1 contract

Samples: Revolving Credit Agreement (Laclede Gas Co)

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Prime Loans Substituted for Affected LIBOR Loans. If notice ------------------------------------------------ has been given by Lender a Bank pursuant to Sections 2.09 2.11 or 2.10 2.12 or by Borrower pursuant to Section 2.11 2.13 requiring LIBOR Loans of any Bank to be repaid or converted to Prime Loansrepaid, then, unless and until Lender such Bank notifies the Administrative Agent and Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the all Loans that which would otherwise be made by Lender such Bank to Borrower as LIBOR Loans shall be made instead as Prime Loans. Lender Such Bank shall promptly notify the Administrative Agent and Borrower if and when the circumstances giving rise to such repayment no longer apply.

Appears in 1 contract

Samples: Loan Agreement (Laclede Group Inc)

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