Conversion of Other Advances. At the end of each applicable Interest Period, the applicable Effective LIBO Rate Advance shall be converted to an Effective LIBO Rate Advance with an Interest Period of thirty (30) days unless Borrower selects another option in accordance with the provisions of this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Shelbourne Properties I Inc), Loan Agreement (Newkirk Master Lp)
Conversion of Other Advances. At the end of each applicable Interest Period, the applicable Effective LIBO Rate Advance shall be converted to an Effective LIBO Rate Advance with an Interest Period of thirty (30) days unless the respective Borrower selects another option in accordance with the provisions of this Agreement.
Appears in 1 contract