Common use of Repayments Continuations Clause in Contracts

Repayments Continuations. All LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan shall be continued for an additional LIBOR Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Utilities Corp), Credit Agreement (Chesapeake Utilities Corp)

AutoNDA by SimpleDocs

Repayments Continuations. All LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan shall may be continued for an additional LIBOR Interest PeriodPeriod or, as provided herein, as a Prime Rate Loan.

Appears in 1 contract

Samples: Credit and Security Agreement (Gse Systems Inc)

AutoNDA by SimpleDocs

Repayments Continuations. All LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, if not repaid, a LIBOR Rate Loan shall be continued for an additional LIBOR Interest PeriodPeriod of the same duration.

Appears in 1 contract

Samples: Credit and Security Agreement (Planet Payment Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!