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 (i) the obligation of any Bank to make or maintain any Euro-Dollar Loans has been suspended pursuant to Section 9.02 or (ii) any Bank has demanded compensation under Section 9.03, and the Borrower shall, by at least 5 Euro-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 that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 4 contracts

Samples: Reimbursement Agreement (Gables Residential Trust), Reimbursement Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Realty Limited Partnership)

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Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank to make or maintain any Euro-Dollar Loans has been suspended pursuant to Section 9.02 8.02 or (ii) any Bank has demanded compensation under Section 9.038.03, and the Borrower shall, by at least 5 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 apply:

Appears in 1 contract

Samples: Credit Agreement (Gables Realty Limited Partnership)

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank to make make, or maintain any convert outstanding Loans to, Euro-Dollar Loans has been suspended pursuant to Section 9.02 8.2 or (ii) any Bank has demanded compensation under Section 9.03, 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower Company shall, by at least 5 five Euro-Dollar Business Days' prior notice to such Bank, 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 applyexist:

Appears in 1 contract

Samples: Credit Agreement (Aep Industries Inc)

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Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of any Bank to make or maintain any Euro-Dollar Loans has been suspended pursuant to Section 9.02 8.02 or (ii) any Bank has demanded compensation under Section 9.03, 8.03 or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least 5 five Euro-Dollar Business Days' prior notice to such Bank, 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 applyexist:

Appears in 1 contract

Samples: Credit Agreement (Cit Group Inc)

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