Common use of Borrowings and Conversions Clause in Contracts

Borrowings and Conversions. For the initial Loan in any Borrowing Base Property Sub-Facility, each such borrowing of LIBOR Loans shall be in an aggregate minimum amount of $500,000. Each Conversion of LIBOR Loans shall be in an aggregate minimum amount of $500,000.

Appears in 2 contracts

Sources: Construction Loan Agreement (Corporate Office Properties Trust), Construction Loan Agreement (Corporate Office Properties Trust)