Common use of Continuation of Type of Revolving Credit Loan Clause in Contracts

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon such Borrower's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower TransTechnology with the notice provisions contained in Section 2.7.1; provided PROVIDED that no Eurodollar Eurocurrency Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon such BorrowerTransTechnology's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx TransTechnology fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan of any Borrower as such, then such Eurodollar Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuingcontinuing and the Agent has given the Borrower notice that the option to borrow or continue Eurodollar Rate Loans has been suspended or terminated, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon and following such Borrower's account have actual knowledgenotice. In the event that Xxxxxxx-Xxxxxxx the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Banks promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuingcontinuing without the consent of the Required Lenders. If the Required Lenders do not consent, but the Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon such the Borrower's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 2.7.2 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided that as to any Eurocurrency Rate Loans, no Eurodollar such Eurocurrency Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon such Borrowerthe Company's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx the applicable Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan of any Borrower as such, then such Eurodollar Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Banks promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower Borrowers with the notice provisions contained in Section 2.7.1ss.2.7.1; provided PROVIDED that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon such Borrower's the Borrowers' account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx fails the Borrowers fail to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1ss.2.7.1; provided PROVIDED that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon such the Borrower's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuingcontinuing of which officers of the Administrative Agent active upon the Borrower's account have actual knowledge, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any such Default or Event of Default of which officers of the Agent active upon such Borrower's account have actual knowledgeDefault. In the event that Xxxxxxx-Xxxxxxx the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1ss.2.7.1; provided that as to any Eurocurrency Rate Loans, no Eurodollar such Eurocurrency Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon such Borrowerthe Company's account have actual knowledge. In the event that Xxxxxxx-Xxxxxxx the applicable Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan of any Borrower as such, then such Eurodollar Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Banks promptly when any such automatic conversion contemplated by this Section 2.7 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by Xxxxxxx-Xxxxxxx on behalf of the applicable Borrower with the notice provisions contained in Section 2.7.1; provided PROVIDED that no Eurodollar Rate Loan may be continued as such following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuingcontinuing and the Administrative Agent has given the Borrower notice that the option to borrow or continue Eurodollar Rate Loans has been suspended or terminated, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon and following such Borrower's account have actual knowledgenotice. In the event that Xxxxxxx-Xxxxxxx the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan of any Borrower as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders, Xxxxxxx-Xxxxxxx and the applicable Borrower Lenders promptly when any such automatic conversion contemplated by this Section 2.7 is scheduled to occur.