{"component": "clause", "props": {"groups": [{"samples": [{"hash": "iwZeoQk3nZM", "uri": "/contracts/iwZeoQk3nZM#automatic-conversion-and-continuation", "label": "Credit Agreement (Landcare Usa Inc)", "score": 18.0, "published": true}, {"hash": "gryEUfiMqTP", "uri": "/contracts/gryEUfiMqTP#automatic-conversion-and-continuation", "label": "Credit Agreement (Metals Usa Inc)", "score": 18.0, "published": true}, {"hash": "cyAWxk0A4kx", "uri": "/contracts/cyAWxk0A4kx#automatic-conversion-and-continuation", "label": "Credit Agreement (Precept Business Services Inc)", "score": 18.0, "published": true}], "snippet": "Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [119, 140]}, {"key": "applicable-interest-period", "type": "definition", "offset": [230, 256]}, {"key": "the-borrower-shall", "type": "clause", "offset": [373, 391]}, {"key": "the-agent", "type": "clause", "offset": [403, 412]}, {"key": "in-accordance-with", "type": "definition", "offset": [420, 438]}, {"key": "at-the-end-of", "type": "clause", "offset": [471, 484]}], "size": 49, "hash": "54f459a716a03d076bb8d5a03c68944c", "id": 1}, {"samples": [{"hash": "a2e89adtHPr", "uri": "/contracts/a2e89adtHPr#automatic-conversion-and-continuation", "label": "Credit Agreement (Woodward, Inc.)", "score": 30.6098562628, "published": true}, {"hash": "5ruNB80UGSC", "uri": "/contracts/5ruNB80UGSC#automatic-conversion-and-continuation", "label": "Credit Agreement (Woodward, Inc.)", "score": 26.5496235455, "published": true}, {"hash": "1ARpR4cVuKK", "uri": "/contracts/1ARpR4cVuKK#automatic-conversion-and-continuation", "label": "Credit Agreement (Woodward, Inc.)", "score": 24.537303217, "published": true}], "snippet": "Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurocurrency Rate Loans. Eurocurrency Rate Loans in Dollars shall continue as Eurocurrency Rate Loans in Dollars until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Rate Loans shall be automatically converted into Floating Rate Loans unless the applicable Borrower shall have given the Administrative Agent notice in accordance with Section 2.9(D) requesting that, at the end of such Interest Period, such Eurocurrency Rate Loans continue as a Eurocurrency Rate Loan. Unless a Borrowing/Election Notice shall have timely been given in accordance with the terms of this Section 2.9, Eurocurrency Rate Advances in an Agreed Currency other than Dollars shall automatically continue as Eurocurrency Rate Advances in the same Agreed Currency with an Interest Period of one (1) month.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "eurocurrency-rate-loans", "type": "clause", "offset": [119, 142]}, {"key": "loans-in-dollars", "type": "clause", "offset": [162, 178]}, {"key": "applicable-interest-period", "type": "definition", "offset": [258, 284]}, {"key": "borrower-shall", "type": "clause", "offset": [418, 432]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [448, 475]}, {"key": "in-accordance-with", "type": "definition", "offset": [476, 494]}, {"key": "at-the-end-of", "type": "clause", "offset": [527, 540]}, {"key": "a-borrowing", "type": "definition", "offset": [637, 648]}, {"key": "election-notice", "type": "definition", "offset": [649, 664]}, {"key": "terms-of", "type": "definition", "offset": [717, 725]}, {"key": "eurocurrency-rate-advances", "type": "clause", "offset": [744, 770]}, {"key": "agreed-currency", "type": "clause", "offset": [777, 792]}, {"key": "period-of", "type": "definition", "offset": [916, 925]}], "size": 17, "hash": "bc9e15a659a1817da080185863f4f05b", "id": 2}, {"samples": [{"hash": "jCGNBP9nXrD", "uri": "/contracts/jCGNBP9nXrD#automatic-conversion-and-continuation", "label": "364 Day Credit Agreement (Harley-Davidson, Inc.)", "score": 31.1327857632, "published": true}, {"hash": "7igiBJaZbuN", "uri": "/contracts/7igiBJaZbuN#automatic-conversion-and-continuation", "label": "364 Day Credit Agreement (Harley Davidson Inc)", "score": 29.1396303901, "published": true}, {"hash": "2pDPotRboru", "uri": "/contracts/2pDPotRboru#automatic-conversion-and-continuation", "label": "Credit Agreement (Harley Davidson Inc)", "score": 27.6023271732, "published": true}], "snippet": "Floating Rate Loans shall continue as Floating Rate Loans of the same Type unless and until such Floating Rate Loans are converted into Fixed Rate Loans. Fixed Rate Loans shall continue as Fixed Rate Loans until the end of the then applicable Interest Period therefor, at which time such Fixed Rate Loans shall be automatically converted into Base Rate Loans unless the applicable Borrower shall have given the Global Administrative Agent notice in accordance with Section 2.8(D) requesting that, at the end of such Interest Period, such Fixed Rate Loans continue as Fixed Rate Loans.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "fixed-rate-loans", "type": "definition", "offset": [136, 152]}, {"key": "applicable-interest-period", "type": "definition", "offset": [232, 258]}, {"key": "base-rate-loans", "type": "clause", "offset": [343, 358]}, {"key": "borrower-shall", "type": "clause", "offset": [381, 395]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [418, 445]}, {"key": "in-accordance-with", "type": "definition", "offset": [446, 464]}, {"key": "at-the-end-of", "type": "clause", "offset": [497, 510]}], "size": 8, "hash": "69dd17032a0ac2da6e707709f96c5e4f", "id": 3}, {"samples": [{"hash": "jQ7pHT15UOj", "uri": "/contracts/jQ7pHT15UOj#automatic-conversion-and-continuation", "label": "364 Day Bridge Term Loan Credit Agreement (Energizer Holdings Inc)", "score": 18.0, "published": true}, {"hash": "fV0Iy9xbGem", "uri": "/contracts/fV0Iy9xbGem#automatic-conversion-and-continuation", "label": "364 Day Credit Agreement (Energizer Holdings Inc)", "score": 18.0, "published": true}, {"hash": "cRGa1smJaQ0", "uri": "/contracts/cRGa1smJaQ0#automatic-conversion-and-continuation", "label": "Revolving Credit Agreement (Energizer Holdings Inc)", "score": 18.0, "published": true}], "snippet": "Floating Rate Loans shall ---------------------------------------- continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent a Borrowing/Election Notice in accordance with Section 2.9(D) requesting that, at the end of such Interest --------------- Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [170, 191]}, {"key": "applicable-interest-period", "type": "definition", "offset": [281, 307]}, {"key": "the-borrower-shall", "type": "clause", "offset": [424, 442]}, {"key": "the-administrative-agent", "type": "clause", "offset": [475, 499]}, {"key": "a-borrowing", "type": "definition", "offset": [500, 511]}, {"key": "election-notice", "type": "definition", "offset": [512, 527]}, {"key": "in-accordance-with", "type": "definition", "offset": [528, 546]}, {"key": "at-the-end-of", "type": "clause", "offset": [579, 592]}], "size": 7, "hash": "2e53943e3a3227f18ee4d39844fcb85a", "id": 4}, {"samples": [{"hash": "lLuLHGlXO1q", "uri": "/contracts/lLuLHGlXO1q#automatic-conversion-and-continuation", "label": "Amendment and Restatement Agreement (Meritor Inc)", "score": 28.2553045859, "published": true}, {"hash": "fGExpdS0cNl", "uri": "/contracts/fGExpdS0cNl#automatic-conversion-and-continuation", "label": "Amendment and Restatement Agreement (Meritor Inc)", "score": 25.1314168378, "published": true}, {"hash": "bBQaXO7BQX6", "uri": "/contracts/bBQaXO7BQX6#automatic-conversion-and-continuation", "label": "Credit Agreement (Meritor Inc)", "score": 23.3107460643, "published": true}], "snippet": "Each Floating Rate Advance shall continue as a Floating Rate Advance unless and until such Floating Rate Advance is converted into a Eurocurrency Rate Advance. Each Eurocurrency Rate Advance in Dollars shall continue as a Eurocurrency Rate Advance in Dollars until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Rate Advance shall be automatically converted into a Floating Rate Advance unless the Company shall have given the Administrative Agent notice in accordance with Section 2.9(D) requesting that, at the end of such Interest Period, such Eurocurrency Rate Advance continue as a Eurocurrency Rate Advance in Dollars. Unless a Borrowing/Election Notice shall have timely been given in accordance with the terms of this Section 2.9, each Eurocurrency Rate Advance in an Agreed Currency other than Dollars shall automatically continue as a Eurocurrency Rate Advance in such Agreed Currency with an Interest Period of one (1) month.", "snippet_links": [{"key": "floating-rate-advance", "type": "definition", "offset": [5, 26]}, {"key": "eurocurrency-rate-advance", "type": "definition", "offset": [133, 158]}, {"key": "applicable-interest-period", "type": "definition", "offset": [285, 311]}, {"key": "the-company-shall", "type": "clause", "offset": [436, 453]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [469, 496]}, {"key": "in-accordance-with", "type": "definition", "offset": [497, 515]}, {"key": "at-the-end-of", "type": "clause", "offset": [548, 561]}, {"key": "a-borrowing", "type": "definition", "offset": [674, 685]}, {"key": "election-notice", "type": "definition", "offset": [686, 701]}, {"key": "terms-of", "type": "definition", "offset": [754, 762]}, {"key": "agreed-currency", "type": "clause", "offset": [818, 833]}, {"key": "period-of", "type": "definition", "offset": [954, 963]}], "size": 6, "hash": "e570085c143abd7749cd2e18f4caade9", "id": 5}, {"samples": [{"hash": "5289SQTGpRn", "uri": "/contracts/5289SQTGpRn#automatic-conversion-and-continuation", "label": "Credit Agreement (Harley Davidson Inc)", "score": 25.340862423, "published": true}, {"hash": "h6Oeqdv7Ek9", "uri": "/contracts/h6Oeqdv7Ek9#automatic-conversion-and-continuation", "label": "Credit Agreement (Harley Davidson Inc)", "score": 23.3545516769, "published": true}, {"hash": "2gyC3dB6SiL", "uri": "/contracts/2gyC3dB6SiL#automatic-conversion-and-continuation", "label": "Credit Agreement (Harley Davidson Inc)", "score": 21.3394934976, "published": true}], "snippet": "Floating Rate Loans shall continue as Floating Rate Loans of the same Type unless and until such Floating Rate Loans are converted into Fixed Rate Loans. Fixed Rate Loans shall continue as Fixed Rate Loans until the end of the then applicable Interest Period therefor, at which time such Fixed Rate Loans (other than Fixed Rate Loans in Agreed Currencies other than Dollars) shall be automatically converted into Base Rate Loans unless the applicable Borrower shall have given the Global Administrative Agent notice in accordance with Section 2.8(D) requesting that, at the end of such Interest Period, such Fixed Rate Loans continue as Fixed Rate Loans. Fixed Rate Loans, including, without limitation, Swing Line Loans, in a currency other than Dollars and Syndicated Canadian Loans (other than CDOR Loans which shall be converted to Canadian Prime Rate Loans in accordance with the Syndicated Canadian Addendum) shall, upon the expiry of the then current Interest Period, automatically continue as Fixed Rate Loans in the same currency and of the same Type unless the applicable Borrower notifies the Global Administrative Agent otherwise as provided herein.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "fixed-rate-loans", "type": "definition", "offset": [136, 152]}, {"key": "applicable-interest-period", "type": "definition", "offset": [232, 258]}, {"key": "agreed-currencies", "type": "clause", "offset": [337, 354]}, {"key": "base-rate-loans", "type": "clause", "offset": [413, 428]}, {"key": "borrower-shall", "type": "clause", "offset": [451, 465]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [488, 515]}, {"key": "in-accordance-with", "type": "definition", "offset": [516, 534]}, {"key": "at-the-end-of", "type": "clause", "offset": [567, 580]}, {"key": "without-limitation", "type": "clause", "offset": [684, 702]}, {"key": "swing-line-loans", "type": "clause", "offset": [704, 720]}, {"key": "canadian-loans", "type": "definition", "offset": [770, 784]}, {"key": "cdor-loans", "type": "definition", "offset": [797, 807]}, {"key": "canadian-prime-rate-loans", "type": "clause", "offset": [836, 861]}, {"key": "syndicated-canadian-addendum", "type": "definition", "offset": [885, 913]}, {"key": "expiry-of", "type": "clause", "offset": [931, 940]}, {"key": "current-interest-period", "type": "definition", "offset": [950, 973]}], "size": 5, "hash": "fcb0fc718f876ca3a55b56894b34c9c5", "id": 6}, {"samples": [{"hash": "gtIFeV9vBXT", "uri": "/contracts/gtIFeV9vBXT#automatic-conversion-and-continuation", "label": "Credit Agreement (Lennar Corp)", "score": 18.0, "published": true}, {"hash": "eqHNBv21iQX", "uri": "/contracts/eqHNBv21iQX#automatic-conversion-and-continuation", "label": "Credit Agreement (LNR Property Corp)", "score": 18.0, "published": true}], "snippet": "Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Fixed Rate Advances. Fixed Rate Advances of any Type shall continue as Fixed Rate Advances of such Type until the end of the then applicable Interest Period therefor, at which time such Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Agent notice in accordance with Section 2.07(d) requesting that, at the end of such Interest Period, such Fixed Rate Advance either continue as a Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type.", "snippet_links": [{"key": "floating-rate-advances", "type": "definition", "offset": [0, 22]}, {"key": "fixed-rate-advances", "type": "clause", "offset": [128, 147]}, {"key": "applicable-interest-period", "type": "definition", "offset": [258, 284]}, {"key": "the-borrower-shall", "type": "clause", "offset": [402, 420]}, {"key": "the-agent", "type": "clause", "offset": [432, 441]}, {"key": "in-accordance-with", "type": "definition", "offset": [449, 467]}, {"key": "at-the-end-of", "type": "clause", "offset": [501, 514]}, {"key": "a-fixed-rate-advance", "type": "clause", "offset": [580, 600]}], "size": 5, "hash": "efa50114540c909c9cbaad92b8e0e9c0", "id": 7}, {"samples": [{"hash": "4wdTWiTG6BX", "uri": "/contracts/4wdTWiTG6BX#automatic-conversion-and-continuation", "label": "Credit Agreement (Schawk Inc)", "score": 23.083504449, "published": true}], "snippet": "Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurocurrency Rate Loans. Eurocurrency Rate Loans denominated in Dollars and Canadian Dollars shall continue as Eurocurrency Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with Section 2.10(D) requesting that, at the end of such Interest Period, such Eurocurrency Rate Loans continue as a Eurocurrency Rate Loan. Unless a Borrowing/Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.10, Eurocurrency Rate Advances in an Agreed Currency other than Dollars and Alternate Currency Loans shall automatically continue as Eurocurrency Rate Advances in the same Agreed Currency or Alternate Currency Loans in the same Alternate Currency, as applicable, with an Interest Period of one (1) month.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [14, 25]}, {"key": "eurocurrency-rate-loans", "type": "clause", "offset": [119, 142]}, {"key": "loans-denominated-in-dollars", "type": "clause", "offset": [162, 190]}, {"key": "canadian-dollars", "type": "definition", "offset": [195, 211]}, {"key": "applicable-interest-period", "type": "definition", "offset": [280, 306]}, {"key": "the-borrower-shall", "type": "clause", "offset": [425, 443]}, {"key": "the-agent", "type": "clause", "offset": [455, 464]}, {"key": "in-accordance-with", "type": "definition", "offset": [472, 490]}, {"key": "at-the-end-of", "type": "clause", "offset": [524, 537]}, {"key": "a-borrowing", "type": "definition", "offset": [634, 645]}, {"key": "continuation-notice", "type": "definition", "offset": [657, 676]}, {"key": "terms-of", "type": "definition", "offset": [729, 737]}, {"key": "eurocurrency-rate-advances", "type": "clause", "offset": [757, 783]}, {"key": "agreed-currency", "type": "clause", "offset": [790, 805]}, {"key": "alternate-currency-loans", "type": "definition", "offset": [829, 853]}, {"key": "period-of", "type": "definition", "offset": [1033, 1042]}], "size": 4, "hash": "cde95fe436d7ba67ddbe570e0c11bebc", "id": 8}, {"samples": [{"hash": "fnAtC7P1yfT", "uri": "/contracts/fnAtC7P1yfT#automatic-conversion-and-continuation", "label": "Credit Agreement (Lennar Corp /New/)", "score": 21.0, "published": true}, {"hash": "9mgGUIpcxEx", "uri": "/contracts/9mgGUIpcxEx#automatic-conversion-and-continuation", "label": "Credit Agreement (Lennar Corp /New/)", "score": 21.0, "published": true}, {"hash": "brlk4pkezNw", "uri": "/contracts/brlk4pkezNw#automatic-conversion-and-continuation", "label": "Credit Agreement (Lennar Corp /New/)", "score": 18.0, "published": true}], "snippet": "Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Rate Advances. Eurodollar Rate Advances of any Type shall continue as Eurodollar Rate Advances of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Administrative Agent notice in accordance with Section 2.10(d), requesting that, at the end of such Interest Period, such Eurodollar Rate Advance either continue as a Eurodollar Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type.", "snippet_links": [{"key": "floating-rate-advances", "type": "definition", "offset": [0, 22]}, {"key": "eurodollar-rate-advances", "type": "definition", "offset": [128, 152]}, {"key": "applicable-interest-period", "type": "definition", "offset": [273, 299]}, {"key": "the-borrower-shall", "type": "clause", "offset": [422, 440]}, {"key": "administrative-agent-notice", "type": "clause", "offset": [456, 483]}, {"key": "in-accordance-with", "type": "definition", "offset": [484, 502]}, {"key": "at-the-end-of", "type": "clause", "offset": [537, 550]}], "size": 3, "hash": "2ca8db498a1f3b50b4a7176109408ca2", "id": 9}, {"samples": [{"hash": "eAfb9BMBu5c", "uri": "/contracts/eAfb9BMBu5c#automatic-conversion-and-continuation", "label": "Credit Agreement (Ipalco Enterprises Inc)", "score": 19.0, "published": true}, {"hash": "8rX8AP1aGF1", "uri": "/contracts/8rX8AP1aGF1#automatic-conversion-and-continuation", "label": "Credit Agreement (Ipalco Enterprises, Inc.)", "score": 19.0, "published": true}, {"hash": "1pDIxSSPwtN", "uri": "/contracts/1pDIxSSPwtN#automatic-conversion-and-continuation", "label": "Credit Agreement (Ipalco Enterprises Inc)", "score": 19.0, "published": true}], "snippet": "Prime Loans shall continue as Prime Loans unless and until such Prime Loans are converted into LIBOR Loans. LIBOR Loans shall continue as LIBOR Loans until the end of the then applicable Interest Period therefor, at which time such LIBOR Loans shall be automatically converted into Prime Loans unless the Borrower shall have given the Agent notice in accordance with Section 2.4(c) requesting that, at the end of such Interest Period, such LIBOR Loans continue as a LIBOR Loan.", "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [6, 17]}, {"key": "libor-loans", "type": "definition", "offset": [95, 106]}, {"key": "applicable-interest-period", "type": "definition", "offset": [176, 202]}, {"key": "the-borrower-shall", "type": "clause", "offset": [301, 319]}, {"key": "the-agent", "type": "clause", "offset": [331, 340]}, {"key": "in-accordance-with", "type": "definition", "offset": [348, 366]}, {"key": "at-the-end-of", "type": "clause", "offset": [399, 412]}], "size": 3, "hash": "372f1251c4da7f8c1bbc3f356e88ad4d", "id": 10}], "next_curs": "Cm4SaGoVc35sYXdpbnNpZGVyY29udHJhY3RzckoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ii5hdXRvbWF0aWMtY29udmVyc2lvbi1hbmQtY29udGludWF0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Automatic Conversion and Continuation", "parents": [["method-of-selecting-types-and-interest-periods-for-conversion-and-continuation-of-advances", "Method of Selecting Types and Interest Periods for Conversion and Continuation of Advances"], ["the-credits", "The Credits"], ["method-of-selecting-types-currency-and-interest-periods-for-conversion-and-continuation-of-advances", "Method of Selecting Types Currency and Interest Periods for Conversion and Continuation of Advances"], ["revolving-loan-facilities", "Revolving Loan Facilities"], ["method-of-selecting-types-and-interest-periods-for-conversion-and-continuation-of-syndicated-global-advances", "Method of Selecting Types and Interest Periods for Conversion and Continuation of Syndicated Global Advances"]], "children": [], "size": 120, "id": "automatic-conversion-and-continuation", "related": [["conversion-and-continuation-elections", "Conversion and Continuation Elections", "Conversion and Continuation Elections"], ["conversion-and-continuation-of-loans", "Conversion and Continuation of Loans", "Conversion and Continuation of Loans"], ["conversion-and-continuation-of-borrowings", "Conversion and Continuation of Borrowings", "Conversion and Continuation of Borrowings"], ["conversion-and-continuation-options", "Conversion and Continuation Options", "Conversion and Continuation Options"], ["conversion-continuation", "Conversion/Continuation", "Conversion/Continuation"]], "related_snippets": [], "updated": "2025-07-07T12:36:22+00:00"}, "json": true, "cursor": ""}}