Common use of Rate Management Transactions Clause in Contracts

Rate Management Transactions. Nonpayment by Borrower of any Rate Management Obligation when due or the breach by Borrower of any term, provision or condition contained in any Rate Management Transaction.

Appears in 3 contracts

Sources: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Capital Inc)

Rate Management Transactions. Nonpayment by Borrower any Company of any Rate Management Obligation when due or the breach by Borrower any Company of any term, provision or condition contained in any Rate Management Transaction.

Appears in 2 contracts

Sources: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)