Certain Conversions Sample Clauses
Certain Conversions. If the Libor Loans of any Bank (such Loans being herein called "Affected Loans") are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist:
(a) to the extent that such Bank's Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's Affected Loans shall be applied instead to its Base Rate Loans; and
(b) all Loans which would otherwise be made or Continued by such Bank as Libor Loans shall be made or Continued instead as Base Rate Loans and all Loans of such Bank which would otherwise be Converted into Libor Loans shall be Converted instead into (or shall remain as) Base Rate Loans. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation of such Bank's Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor Loans are outstanding, such Bank's Base Rate Loans shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.
Certain Conversions. Upon the occurrence and during the continuance of any Event of Default (i) no outstanding Loan may be continued as a SOFR Loan and, unless repaid as provided herein, each SOFR Loan shall automatically be converted to an Alternate Rate Loan at the end of the Interest Period therefor and (ii) the obligation of the Lenders to make SOFR Loans shall be suspended. Subject to this Section 2.2.3 and Sections 2.3, 3.11, 4.2 and 4.3, at the end of each Interest Period, each SOFR Loan shall automatically continue as a SOFR Loan.
Certain Conversions. Notwithstanding anything to the contrary in this Article 4, in the event of a Fundamental Change in which the consideration is comprised entirely of cash, the Conversion Value will be calculated based solely on the amount of cash which holders of the Company’s Common Stock are entitled to receive in respect of each share of Common Stock upon such Fundamental Change. In such event, the Company will pay the Holders in cash, as promptly as practicable but in any event not later than the third Trading Day following the surrender of the Securities for conversion.
Certain Conversions. Interest Payments and Repurchases in Common Stock Deemed Payment. For the purposes of this Article VI only, (1) the issuance and delivery
Certain Conversions. 19 Section 3.05
Certain Conversions. If a Eurodollar Loan (such Eurodollar Loan being herein called "Affected Loan") is to be converted pursuant to Sections 4.1, 4.2 or 4.3 hereof, such Affected Loan shall be automatically converted into a Base Rate Loan on the last day(s) of the then current Interest Period for the Affected Loan (or, in the case of a conversion required by Section 4.3 hereof, on such earlier date as the Bank may specify to the Borrower) and, unless and until the Bank gives notice that the circumstances specified in Sections 4.1, 4.2 or 4.3 hereof which gave rise to such conversion no longer exist, to the extent that the Affected Loan has been so converted, all payments and prepayments of principal which would otherwise be applied to the Affected Loans shall be applied instead to its Base Rate Loans.
Certain Conversions. If the Loans of any Lender of a particular Type (Loans of such Type are hereinafter referred to as "Affected Loans" and such Type is hereinafter referred to as the "Affected Type") are to be Converted, such Lender's Affected Loans shall automatically be Converted into Prime Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a Conversion required by Section 5.1(b) or Section 5.3 hereof, on such earlier date as such Lender may specify to the Borrowers with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 5.1(b) or Section 5.3 that gave rise to such Conversion no longer exist:
(a) to the extent that such Lender's Affected Loans have been so Converted, all payments and prepayments of principal that would otherwise be applied to such Lender's Affected Loans shall be applied instead to its Prime Rate Loans; and
(b) all Loans which would otherwise be made or Continued by such Lender as Loans of the Affected Type shall be made or Converted instead as Prime Rate Loans, and all Loans of such Lender that would otherwise be Converted into Loans of the Affected Type shall be Converted instead into (or shall remain as) Prime Rate Loans.