Common use of LIBOR Contracts Clause in Contracts

LIBOR Contracts. At no time may the number of outstanding LIBOR Advances together with any outstanding Base Rate Advances exceed eight (8). For the purposes of this Section 2.3(e), all outstanding Base Rate Advances shall be deemed to be a single Base Rate Advance.

Appears in 4 contracts

Sources: Loan Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp)