Substitute Loans. If (i) the obligation of any Bank to make ---------------- Euro-Currency Loans has been suspended pursuant to Section 8.01(b) or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Arco Chemical Co), Credit Agreement (Arco Chemical Co)
Substitute Loans. If (i) the obligation of any Bank to make ---------------- make, convert into or continue Euro-Currency Loans has been suspended pursuant to Section 8.01(b) or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:
Appears in 2 contracts
Samples: Credit Agreement (Atlantic Richfield Co /De), Credit Agreement (Atlantic Richfield Co /De)
Substitute Loans. If (i) the obligation of any Bank to ---------------- make ---------------- Euro-Currency Dollar Committed or Euro-Dollar Competitive Loans has been suspended pursuant to Section 8.01(b) 8.01 or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Dollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:apply (which such Bank shall do forthwith):
Appears in 1 contract
Substitute Loans. If (i) the obligation of any Bank to make ---------------- Euro-Currency Dollar Loans to either Borrower has been suspended pursuant to Section 8.01(b) or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Dollar Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:
Appears in 1 contract
Samples: Credit Agreement (Kerr McGee Corp)
