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

Base Rate Loans Substituted for Affected. Fixed Rate --------------------------------------------------- Loans. If (a) the obligation of any Lender to make Euro-Dollar Loans has been ------ suspended pursuant to Section 8.02 or (b) any Lender has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Lender through the 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: Credit Agreement (Brylane Inc), Credit Agreement (Brylane Inc)

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Base Rate Loans Substituted for Affected. Fixed Rate --------------------------------------------------- Euro-Dollar ---------------------------------------------------- Loans. If (ai) the obligation of any Lender Bank to make or maintain Euro-Dollar Loans ----- to either Borrower has been ------ suspended pursuant to Section 8.02 or (bii) any Lender Bank has demanded compensation under Section 8.03(a) or 2.16 and the Borrower Company shall, by at least five Euro-Dollar Business Days' prior notice to such Lender Bank through the Agent, have elected that the provisions of this Section shall apply to such LenderBank, then, unless and until such Lender Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Credit Agreement (Hancock John Financial Services Inc)

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Base Rate Loans Substituted for Affected. Fixed Rate --------------------------------------------------- Loans. If (ai) the obligation of any Lender Bank to make or maintain Euro-Dollar Loans ----- to either Borrower has been ------ suspended pursuant to Section 8.02 or (bii) any Lender Bank has demanded compensation under Section 8.03(a) or 2.16 and the Borrower Company shall, by at least five Euro-Dollar Business Days' prior notice to such Lender Bank through the Agent, have elected that the provisions of this Section shall apply to such LenderBank, then, unless and until such Lender Bank notifies the Borrower Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:

Appears in 1 contract

Samples: Credit Agreement (Hancock John Financial Services Inc)

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