Common use of Additional Provisions Regarding LIBOR Loans Clause in Contracts

Additional Provisions Regarding LIBOR Loans. (i) Borrower may from time to time submit in writing a request that any existing LIBOR Loan continue for an additional Interest Period or convert to a Prime Rate Loan. Each written request for a continuation of a LIBOR Loan shall be substantially in the form of a LIBOR Loan Continuation Certificate substantially in the form of Exhibit F, with appropriate insertions, which shall be duly executed by a Responsible Officer. Each written request for a conversion from a LIBOR Loan to a Prime Rate Loan shall be substantially in the form of the Payment/Advance Form attached as Exhibit C. Subject to the terms and conditions contained herein, after Bank’s receipt of such a request from Borrower, such LIBOR Loan shall continue or convert, as the case may be provided that:

Appears in 4 contracts

Samples: Loan and Security Agreement (NTN Buzztime Inc), Loan and Security Agreement (NTN Buzztime Inc), Loan and Security Agreement (NTN Buzztime Inc)

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Additional Provisions Regarding LIBOR Loans. (i) Borrower Borrowers may from time to time submit in writing a request that any existing LIBOR Loan continue for an additional Interest Period or convert to a Prime Rate Loan. Each written request for a continuation of a LIBOR Loan shall be substantially in the form of a LIBOR Loan Continuation Certificate substantially in the form of Exhibit F, with appropriate insertions, which shall be duly executed by a Responsible Officer. Each written request for a conversion from a LIBOR Loan to a Prime Rate Loan shall be substantially in the form of the PaymentLoan Advance/Advance Paydown Request Form attached as Exhibit C. Subject to the terms and conditions contained herein, after BankLender’s receipt of such a request from Borrower, such LIBOR Loan shall continue or convert, as the case may be be, provided that:

Appears in 1 contract

Samples: Loan and Security Agreement (Enservco Corp)

Additional Provisions Regarding LIBOR Loans. (i) Borrower may from time to time submit in writing a request that any existing LIBOR Loan continue for an additional Interest Period or convert to a Prime Rate Loan. Each written request for a continuation of a LIBOR Loan shall be substantially in the form of a LIBOR Loan Continuation Certificate substantially in the form of Exhibit FCertificate, with appropriate insertions, which shall be duly executed by a Responsible Officer. Each written request for a conversion from a LIBOR Loan to a Prime Rate Loan shall be substantially in the form of the PaymentLoan Advance/Advance Paydown Request Form attached as Exhibit C. D. Subject to the terms and conditions contained herein, after Bank’s receipt of such a request from Borrower, such LIBOR Loan shall continue or convert, as the case may be be, provided that:

Appears in 1 contract

Samples: Loan and Security Agreement (Siebert Financial Corp)

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Additional Provisions Regarding LIBOR Loans. (i) Borrower may from time to time submit in writing a request that any existing LIBOR Loan continue for an additional Interest Period or convert to a Prime Rate Loan. Each written request for a continuation of a LIBOR Loan shall be substantially in the form of a LIBOR Loan Continuation Certificate substantially in the form of Exhibit FE, with appropriate insertions, which shall be duly executed by a Responsible Officer. Each written request for a conversion from a LIBOR Loan to a Prime Rate Loan shall be substantially in the form of the PaymentLoan Conversion/Advance Paydown Form attached as Exhibit C. Subject to the terms and conditions contained herein, after Bank’s receipt of such a request from Borrower, such LIBOR Loan shall continue or convert, as the case may be provided that:

Appears in 1 contract

Samples: Loan and Security Agreement (NTN Buzztime Inc)

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