Common use of Conversion to Prime Loan Clause in Contracts

Conversion to Prime Loan. LIBOR Loans shall automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.

Appears in 4 contracts

Samples: Revolving Note (Sm&A), Sm&A, Sm&A

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Conversion to Prime Loan. A LIBOR Loans shall Loan will automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.

Appears in 1 contract

Samples: Credit Agreement (Signature Eyewear Inc)

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Conversion to Prime Loan. A LIBOR Loans shall Loan will automatically convert to a Prime Loan at the end of an Interest Period if CNB fails to timely receive a Notice for an outstanding LIBOR Loan.

Appears in 1 contract

Samples: Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc)

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