Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
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Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)
Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 3,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
Appears in 4 contracts
Samples: Credit Agreement (Terra Industries Inc), Credit Agreement (Terra Industries Inc), Credit Agreement (Terra Industries Inc)
Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 5,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
Appears in 2 contracts
Samples: Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Adelphia Communications Corp)
Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing having the same Interest Period shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 3,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
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Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 (other than a Borrowing comprised of the entire unpaid principal balance under the applicable Facility if such amount is less than $1,000,000), such Advances shall automatically Convert into Alternate Base Rate Advances.
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Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 10,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
Appears in 1 contract
Samples: Credit Agreement (Imation Corp)
Certain Mandatory Conversions. (i) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing having the same Interest Period shall be reduced, by payment or prepayment or otherwise, to less than $1,000,000 5,000,000 such Advances shall automatically Convert into Alternate Base Rate Advances.
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