Exhibit 2.09
NOTICE OF INTEREST CONVERSION
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TO: TEXAS COMMERCE BANK NATIONAL ASSOCIATION, in its capacity as Agent
(the "Agent") under that certain Amended and Restated Credit Agreement dated
as of November __, 1996 (as the same may be amended, modified, increased,
supplemented and/or restated from time to time, the "Credit Agreement"),
entered into by and among XXXXXXXXXX REALTY INVESTORS ("Borrower"), the Banks
on the signature pages thereto, the Agent, and NATIONSBANK OF TEXAS, N.A., as
Documentary Agent and COMMERZBANK, A.G., as Co-Agent thereunder.
Pursuant to Section 2.09 of the Credit Agreement, this Notice of
Interest Conversion (the "Notice") represents the Borrower's election of
[insert one or more of the following]:
1. Use if converting LIBOR Rate Advances to Effective Federal Funds
Rate Advances.
Convert $________ in aggregate principal amount of LIBOR Rate Advances
with a current Interest Period ending on ________, 19__, to Effective Federal
Funds Rate Advances on ________, 19__; and
2. Use if continuing the balance as LIBOR Rate Advances.
Continue $________ in aggregate principal amount of LIBOR Rate Advances with a
current Interest Period ending on ____________, 19__, to a new Interest Period
commencing on _________________, 19__, and ending on ________, 19__.
Unless otherwise defined herein, terms defined in the Credit
Agreement shall have the same meanings in this Notice.
Dated: ________, 19__.
XXXXXXXXXX REALTY INVESTORS
By:
Name:
Title:
