Rate Designation. Administrative Borrower shall designate each Loan as a Base Rate Loan or a LIBOR Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Lender in accordance with Section 2.7 or Section 2.8, as applicable. Notwithstanding any provision to the contrary contained in this Agreement, any and all Term Loans subject to an Interest Hedging Instrument shall be LIBOR Rate Loans.
Appears in 2 contracts
Samples: Credit Agreement (Silvercrest Asset Management Group Inc.), Credit Agreement (Silvercrest Asset Management Group Inc.)
Rate Designation. Administrative The Borrower shall designate each Loan as a Base Rate Loan or a LIBOR Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Lender the Administrative Agent in accordance with Section 2.7 2.5 or Section 2.82.6, as applicable. Notwithstanding any provision to the contrary contained in this Agreement, any and all Term Loans applicable (subject to an Interest Hedging Instrument shall be LIBOR Rate LoansSection 2.6(a)(C) and Section 2.18).
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Ares Commercial Real Estate Corp)
Rate Designation. Administrative The Borrower shall designate each Loan as a Base LIBOR Rate Loan or a LIBOR Alternative Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Lender the Administrative Agent in accordance with Section 2.7 2.5 or Section 2.82.6, as applicable. Notwithstanding any provision to the contrary contained in this Agreement, any and all Term Loans applicable (subject to an Interest Hedging Instrument shall be LIBOR Rate LoansSection 2.6(a)(C) and Section 2.18).
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Ares Commercial Real Estate Corp)
