Common use of Alternate Base Rate Loans Substituted for Affected Euro-Dollar Loans Clause in Contracts

Alternate Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-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 exist:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp)

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Alternate Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank Lender to make make, or convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Sections 8.1 or Section 8.2 or (ii) any Bank Lender has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower Borrowers shall, by at least five (5) Euro-Dollar Business Days' prior notice to such Bank Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such BankLender, then, unless and until such Bank Lender notifies the Borrower Borrowers that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Revolving Credit Agreement (Rait Investment Trust)

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Alternate Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank Lender to make Euro-Dollar Loans has been suspended pursuant to Sections 8.1 or Section 8.2 or (ii) any Bank Lender has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower Borrowers shall, by at least five Euro-Dollar Business Days' prior notice to such Bank Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such BankLender, then, unless and until such Bank Lender notifies the Borrower Borrowers that the circumstances giving rise to such suspension or demand for compensation no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Metropolis Realty Trust Inc)

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