Common use of Effect On Base Rate Advances Clause in Contracts

Effect On Base Rate Advances. If notice has been given pursuant to Section 2.6(a) or Section 2.6(b) requiring LIBOR Advances of a Lender to be repaid or converted, then unless and until Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Advances shall be Base Rate Advances. If Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select Advances from such Lender to be LIBOR Advances in accordance with Section 2.3(c) of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

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Effect On Base Rate Advances. If notice has been given pursuant to Section 2.6(a) or Section 2.6(b) requiring LIBOR Advances of a Lender to be repaid or converted, then unless and until Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Advances shall be Base Rate Advances. If Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select Advances from such Lender to be LIBOR Advances in accordance with Section 2.3(c) 0 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

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Effect On Base Rate Advances. If notice has been given pursuant to Section 2.6(a2.5(a) or Section 2.6(b2.5(b) requiring LIBOR Advances of a Lender to be repaid or converted, then unless and until Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, all Advances shall be Base Rate Advances. If Agent notifies Borrower that the circumstances giving rise to such repayment no longer apply, Borrower may thereafter select Advances from such Lender to be LIBOR Advances in accordance with Section 2.3(c2.2(c) of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (CBL & Associates Properties Inc)

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