Common use of Borrowing; Conversion; Continuation Clause in Contracts

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the Agent: (i) a Borrowing consisting of Eurodollar Rate Loans (pursuant to Section 2.1(d)); (ii) that Base Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date each of the following conditions is satisfied:

Appears in 2 contracts

Samples: Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc), Loan and Security Agreement (Vermont Transit Co Inc)

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Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing DateDate (and subject to the satisfaction of the requirements of Sections 3.1 and 3.2), request in a written or telephonic communication with the Agent: (i) a Borrowing consisting of Advances to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Samuels Jewelers Inc)

Borrowing; Conversion; Continuation. Borrower Borrowers may from time to time, on or after the Closing Date, request in a written or telephonic communication with the AgentFoothill: (i) a Borrowing consisting of Loans to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d2.12(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continuedcontinue, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the AgentFoothill: (i) a Borrowing consisting of Advances to constitute Eurodollar Rate Loans (pursuant to Section 2.1(dSECTION 2.1(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Aldila Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the writing to Agent: (i) a Borrowing consisting of Loans (other than Tranche B Term Loans) to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d))Loans; (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), ) and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Thomaston Mills Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the AgentFoothill: (i) a Borrowing consisting of Advances or Capital Expenditure Loans to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d2.1(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Dep Corp)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the AgentFoothill: (i) a Borrowing consisting of Advances to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d2.1(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Oneita Industries Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the AgentFoothill: (i) a Borrowing consisting of Loans to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d2.12(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continuedcontinue, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

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Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication communication, with the AgentFoothill: (i) a Borrowing consisting of Advances to constitute Eurodollar Rate Loans (pursuant to Section 2.1(d2.1(c)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date funding date therefor each of the following conditions is satisfied:: (v) no Event of Default exists;

Appears in 1 contract

Samples: Possession Loan and Security Agreement (Factory Card Outlet Corp)

Borrowing; Conversion; Continuation. Borrower Borrowers may from time to time, on or after the Closing DateRestatement Date (and subject to the satisfaction of the requirements of Sections 3.1 and 3.2), request in a written or telephonic communication with the Agent: (i) a Borrowing consisting Advances made up of Eurodollar Rate Loans (pursuant to Section 2.1(d))Loans; (ii) that Base Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date, request in a written or telephonic communication with the Facility Agent: (i) a Borrowing consisting of Eurodollar Rate Loans (pursuant to Section 2.1(d2.1 (d)); (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Los Buenos Leasing Co Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing DateDate (and subject to the satisfaction of the requirements of Sections 3.1 and 3.2), request in a written or telephonic communication with the Agent: (i) a Borrowing consisting Advances made up of Eurodollar Rate Loans (pursuant to Section 2.1(d))Loans; (ii) that Base Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed Funding Date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period, Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed Funding Date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

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