Redesignation of Loans. (a) Subject to Section 8.2, if any Eurodollar Loan is not repaid or renewed on the last day of the applicable Eurodollar Period, such Eurodollar Loan automatically shall be redesignated as a Prime Rate Loan on such date.
Appears in 3 contracts
Samples: Loan Agreement (Sports Club Co Inc), Loan Agreement (Sports Club Co Inc), Loan Agreement (Sports Club Co Inc)
Redesignation of Loans. (a) Subject to Section 8.28.3, if any Eurodollar Loan is not repaid or, in the case of a Line B Loan or a Line B Term Loan, renewed on the last day of the applicable Eurodollar Period, such Eurodollar Loan automatically shall be redesignated as a Prime Rate Loan on such date.
Appears in 1 contract
Samples: Loan Agreement (Sports Club Co Inc)
