Common use of Continuation and Conversion of Loans Clause in Contracts

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower shall have the right, at any time, on three (3) Business Days prior irrevocable written notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Financing Agreement (Oglebay Norton Co /Ohio/)

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Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the The Borrower shall have the right, at any timesubject to the provisions of Section 2.8, (i) on three (3) Business Days Days' prior irrevocable written notice by the Borrower to the Administrative Agent, to continue or convert any LIBOR type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 2 contracts

Samples: Credit Agreement (Fm Properties Inc), Credit Agreement (Freeport McMoran Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Each Borrower shall have the right, at any timesubject to the provisions of Section 2.8, (i) on three (3) Business Days Days' prior irrevocable written notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 2 contracts

Samples: Credit Agreement (Freeport McMoran Inc), Credit Agreement (Freeport McMoran Resource Partners Limited Partnership)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower Borrowers shall have the right, at any time, on three (3) Business Days Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 2 contracts

Samples: Financing Agreement (Milacron Inc), Financing Agreement (Milacron Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower shall have the right, at any time, on three (3) Business Days Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower shall have the right, at any time, on three two (32) Business Days prior irrevocable written notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the The Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days Days' prior irrevocable written notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (Freeport McMoran Sulphur Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Administrative Borrower shall have the right, at any time, on three (3) Business Days Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Clean Harbors Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Each Borrower shall have the right, at any timesubject to the provisions of Section 3.8, (i) on three (3) Business Days Days' prior irrevocable written notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (Freeport McMoran Copper & Gold Inc)

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Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower Borrowers shall have the right, at any time, on three two (32) Business Days Days' prior irrevocable written notice by the Administrative Borrower to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day Day's prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (North Atlantic Trading Co Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 2.08 hereof, the Borrower Borrowers shall have the right, at any time, on three (3) Business Days prior irrevocable written notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Gordon Biersch Brewery Restaurant Group, Inc.)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Each Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days Days' prior irrevocable written notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR Type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan Type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Fm Properties Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrower Borrowers shall have the right, at any time, on three two (32) Business Days prior irrevocable written notice by the Administrative Borrower to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day prior irrevocable written notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the The Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days Days' prior irrevocable written notice by the Borrower to the Administrative Agent, to continue or convert any LIBOR type of Loans as or into LIBO Rate LoanLoans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1ii) Business Day prior with irrevocable written notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Rate Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

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