Common use of Prime Rate Borrowing Clause in Contracts

Prime Rate Borrowing. If any Borrower is required to prepay any LIBOR Loan immediately as provided in Section 2.2.3, then concurrently with such prepayment, such Borrower shall borrow, in the amount of such prepayment, a Prime Rate Loan.

Appears in 3 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund Iii), Warehousing Credit Agreement (PLM Equipment Growth Fund V), Warehousing Credit Agreement (Professional Lease Management Income Fund I LLC)

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Prime Rate Borrowing. If any Borrower is required to prepay any LIBOR Loan immediately as provided in Section 2.2.3, then concurrently with such prepayment, such Borrower shall borrow, in the amount of such prepayment, a Prime Rate Loan.

Appears in 2 contracts

Samples: Warehousing Credit Agreement (PLM International Inc), Warehousing Credit Agreement (American Finance Group Inc /De/)

Prime Rate Borrowing. If any Borrower is required to prepay any LIBOR Loan immediately as provided in Section 2.2.32.15.2, then concurrently with such prepayment, such Borrower shall borrow, in the amount of such prepayment, a Prime Rate Loan.

Appears in 1 contract

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund Vi)

Prime Rate Borrowing. If any Borrower is required to prepay any LIBOR Loan immediately as provided in Section 2.2.32.16.2, then concurrently with such prepayment, such Borrower shall borrow, in the amount of such prepayment, a Prime Rate Loan.

Appears in 1 contract

Samples: Warehousing Credit Agreement (PLM International Inc)

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Prime Rate Borrowing. If any Borrower is required to prepay any LIBOR Loan immediately as provided in Section 2.2.32.15.2, then concurrently with such prepayment, such Borrower shall borrow, in the amount of such prepayment, a Prime Rate Loan.

Appears in 1 contract

Samples: Warehousing Credit Agreement (PLM International Inc)

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