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

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 18 contracts

Samples: Assignment and Assumption (PPL Corp), Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (LG&E & KU Energy LLC)

AutoNDA by SimpleDocs

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 2.14 or (b) any Lender has demanded compensation under Section 2.16(a2.15(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 8 contracts

Samples: Credit and Reimbursement Agreement (PPL Energy Supply LLC), Credit Agreement (PPL Energy Supply LLC), Credit Agreement (PPL Energy Supply LLC)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 2.14 or (b) any Lender has demanded compensation under Section 2.16(a2.15(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Euro-Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 7 contracts

Samples: Day Credit Agreement (PPL Montana LLC), Year Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Electric Utilities Corp)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, to continue or to convert outstanding Loans to, as or into Euro-Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a8.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro-Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower Borrowers that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 5 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Duke Energy Carolinas, LLC), Credit Agreement (Duke Energy Ohio, Inc.)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, to continue or to convert outstanding Loans to, as or into Euro-Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a8.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro-Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Duke Energy CORP), Credit Agreement (Duke Energy CORP), Term Loan Credit Agreement (Piedmont Natural Gas Co Inc)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintainmake, or to continue or convert outstanding Loans as or to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a8.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the applicable Borrower shall, by at least four five Business Days’ prior notice to such Lender through the applicable Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the such Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 2 contracts

Samples: Credit Agreement (Ryerson Inc.), Credit Agreement (Ryerson Tull Inc /De/)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 2.14 or (b) any Lender has demanded compensation under Section 2.16(a2.15(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 2 contracts

Samples: Year Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Electric Utilities Corp)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, to continue or to convert outstanding Loans to, Euro-Dollar as or into Euro‑Dollar Loans has been suspended pursuant to Section 2.15 ‎Section 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a‎Section 8.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro‑Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: The Term Loan Credit Agreement (Progress Energy Inc)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans or Base Rate Loans as to which the interest rate is determined by reference to the London Interbank Offered Rate has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Day Credit Agreement (PPL Energy Supply LLC)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintainmake, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a) 8.03 or 8.04 with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro-Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer applyexist:

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender Xxxxxx notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Revolving Credit Agreement (PPL Energy Supply LLC)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintainmake, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 9.2 or (bii) any Lender has demanded compensation under Section 2.16(a) Sections 9.3 or 9.4 with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro-Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer applyexist:

Appears in 1 contract

Samples: Credit Agreement (Texas New Mexico Power Co)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintainmake, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (b) any Lender has demanded compensation under Section 2.16(a) 8.03 or 8.04 with respect to its Euro-Euro- Dollar Loans and, in any such case, and the Borrower Borrowers shall, by at least four five Euro-Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower Borrowers that the circumstances giving rise to such suspension or demand for compensation no longer applyexist:

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

AutoNDA by SimpleDocs

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans to the Borrower has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a) 8.03 or 8.04 with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section 8.05 shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer applyexist:

Appears in 1 contract

Samples: Credit Agreement (Nortel Networks LTD)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, to continue or to convert outstanding Loans to, Euro-Dollar as or into Euro‑Dollar Loans has been suspended pursuant to Section 2.15 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a8.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Euro‑Dollar Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Duke Energy Progress, Llc.)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the applicable Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the such Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, maintain any type of Euro-Dollar Loans has been suspended pursuant to Section 2.15 SECTION 8.02 or (bii) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans andSECTION 8.03, in any such case, and the Borrower shall, by at least four five (5) Euro-Dollar Business Days' prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section SECTION shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Credit and Security Agreement (Thomaston Mills Inc)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make or maintain, or to convert outstanding Loans to, Euro-Dollar Loans or Base Rate Loans as to which the interest rate is determined by reference to the London Interbank Offered Rate has been suspended pursuant to Section 2.15 2.14 or (b) any Lender has demanded compensation under Section 2.16(a2.15(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Credit Agreement (PPL Corp)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (ai) the obligation of any Lender to make or maintainmake, or to continue or convert outstanding Loans as or to, Euro-Dollar Currency Loans has been suspended pursuant to Section 2.15 10.02 or (bii) any Lender has demanded compensation under Section 2.16(a10.03(a) with respect to its Euro-Dollar Loans and, in any such case, and the Borrower shall, by at least four five Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Credit Agreement (Aramark Corp/De)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (a) the obligation of any Lender to make continue or maintain, or to convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 2.15 or (b) any Lender has demanded compensation under Section 2.16(a) with respect to its Euro-Dollar Loans and, in any such case, the Borrower shall, by at least four Business Days’ prior notice to such Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such Lender, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Revolving Credit Agreement (PPL Energy Supply LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.