Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Borrowing Notice or Conversion/Continuation Notice given by the Borrowers with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed made with respect to Base Rate Loans.
Appears in 6 contracts
Samples: Construction Loan Agreement (Las Vegas Sands Inc), Credit Agreement (Las Vegas Sands Corp), Construction Loan Agreement (Las Vegas Sands Corp)
Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Advance Confirmation Notice, Notice of Borrowing or Notice or of Conversion/Continuation Notice given by the Borrowers with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed made with respect to Base Rate Loans.
Appears in 3 contracts
Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc), Credit Agreement (Las Vegas Sands Inc)
Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice or of Conversion/Continuation Notice given by the Borrowers with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed made with respect to be for a Base Rate LoansLoan or, if the conditions to making a Loan set forth in subsection 3.2 cannot then be satisfied, to be rescinded by Borrowers.
Appears in 2 contracts
Samples: Credit Agreement (Danielson Holding Corp), Credit Agreement (Covanta Energy Corp)
Eurodollar Rate Loans After Default. After From and after the occurrence of and during the continuation of a Potential Event of Default or an any Event of Default, upon election by Administrative Agent or Requisite Lenders, (i) Borrowers Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice or of Conversion/Continuation Notice given by the Borrowers Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed made with respect to be for a Base Rate LoansLoan or, if the conditions to making a Loan set forth in subsection 4.2 cannot then be satisfied, to be rescinded by Company.
Appears in 2 contracts
Samples: Credit Agreement (United Online Inc), Security Agreement (United Online Inc)
Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers Borrower may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice or Conversionof Conver sion/Continuation Notice given by the Borrowers Borrower with respect to a requested borrowing or conversionconver sion/continuation that has not yet occurred shall be deemed made with respect to Base Rate Loansbe rescinded by Borrower.
Appears in 1 contract
Samples: Credit Agreement (CFP Holdings Inc)
Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers Borrower may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice or Conversionof Conver-sion/Continuation Notice given by the Borrowers Borrower with respect to a requested borrowing or conversionconver-sion/continuation that has not yet occurred shall be deemed made with respect to Base Rate Loansbe rescinded by Borrower.
Appears in 1 contract
Samples: Credit Agreement (CFP Holdings Inc)
Eurodollar Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers Borrower may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice or of Conversion/Continuation Notice given by the Borrowers Borrower with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed made with respect to Base Rate Loans.
Appears in 1 contract
