Common use of Variable Rate Advances Clause in Contracts

Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until the Maturity Date, unless sooner converted or prepaid, in whole or in part, to a Libor Rate Advance, subject to the limitations and conditions set forth in this Note.

Appears in 1 contract

Sources: Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Variable Rate Advances. Each Variable Rate Advance shall continue as a Variable Rate Advance until the Maturity Date, unless sooner converted or prepaid, in whole or in part, to a Libor Rate LIBOR Advance, subject to the limitations and conditions set forth in this Note.

Appears in 1 contract

Sources: Credit Agreement (Cell Genesys Inc)