Common use of Increases in Rates Clause in Contracts

Increases in Rates. With respect to any increase in ------------------ the Rates, Borrower must notify Agent of any change in the Rates as a result of a change in the Debt to Capitalization Ratio. Any such increase in the Rates shall become effective on the fifth Business Day following the date on which such notice is given to Agent or Lenders otherwise become aware of such a change in the Debt to Capitalization Ratio; provided that with respect to Eurodollar Loans, such increase shall apply only to Eurodollar Loans made, continued or converted after such effective date."

Appears in 1 contract

Sources: Credit Agreement (St Mary Land & Exploration Co)

Increases in Rates. With respect to any increase in ------------------ the Rates, ------------------ Borrower must notify Agent of any change in the Rates as a result of a change in the Debt to Capitalization Ratio. Any such increase in the Rates shall become effective on the fifth Business Day following the date on which such notice is given to Agent or Lenders otherwise become aware of such a change in the Debt to Capitalization Ratio; provided that with respect to Committed Eurodollar Loans, such increase shall apply only to Committed Eurodollar Loans made, continued or converted after such effective date."

Appears in 1 contract

Sources: Loan Agreement (Western Gas Resources Inc)

Increases in Rates. With respect to any increase in ------------------ the Rates, Borrower must notify Agent of any change in the Rates as a result of a change in the Debt to Capitalization Ratio. Any such increase in the Rates shall become effective on the fifth Business Day following the date on which such notice is given to Agent or Lenders otherwise become aware of such a change in the Debt to Capitalization Ratio; provided that with respect to Eurodollar Loans, such increase shall apply only to Eurodollar Loans made, continued or converted after such effective date."

Appears in 1 contract

Sources: Credit Agreement (St Mary Land & Exploration Co)