Variable Rate to Fixed Rate. Subject to the conditions set forth herein, the Borrower may convert from the Variable Rate to the Fixed Rate for a portion of the principal amount of the Commitment then outstanding at any time provided the Lender offers a Fixed Rate at such time, subject to the fifty percent (50%) Fixed Rate debt limitation set forth above.
Appears in 3 contracts
Samples: Loan Agreement (Horizon PCS Inc), Loan Agreement (Horizon Personal Communications Inc), Loan Agreement (Horizon PCS Inc)
Variable Rate to Fixed Rate. Subject to the conditions set forth herein, the Borrower may convert from the Variable Rate to the Fixed Rate for a any portion or all of the principal amount of the Commitment then outstanding at any time provided the Lender offers a Fixed Rate at such time, subject to the fifty percent (50%) Fixed Rate debt limitation set forth above.
Appears in 2 contracts
Samples: Loan Agreement (Dakota Telecommunications Group Delaware Inc), Loan Agreement (Emerging Communications Inc)
Variable Rate to Fixed Rate. Subject to the conditions set forth herein, the Borrower may convert from the Variable Rate to the Fixed Rate for a portion of the principal amount of the Commitment then outstanding at any time provided Provided the Lender offers a Fixed Rate at such time, subject to the fifty seventy five percent (5075%) Fixed Rate debt limitation set forth above.
Appears in 1 contract
Samples: Loan Agreement (Horizon Personal Communications Inc)
