Common use of Continuations Clause in Contracts

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 16 contracts

Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

AutoNDA by SimpleDocs

Continuations. The Borrower may, on any Eurodollar Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 11:00 A.M. (California New York City time) on the third Eurodollar Banking Business Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 2.09 and 3.62.13, Continue all or any portion of the outstanding Eurodollar Rate Advances outstanding under a Facility comprising part of the same A Borrowing for one or more Interest Periods; provided that (i) Eurodollar Rate Advances so Continued and having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Interest Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Continuation (ii) in the case of any Eurodollar Rate Advances such Continuation on a day other than the last day of an Interest Period therefor, the Borrower shall result reimburse the Lenders in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facilityrespect thereof pursuant to Section 8.04(c). Each such notice of a Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (ix) the date of such Continuation, (iiy) the aggregate amount and category of, and the Eurodollar Period for, the Rate Advances being to be Continued and (iiiy) the duration of the initial Eurodollar Interest Period (or Interest Periods) for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Mony Group Inc), Credit Agreement (Becton Dickinson & Co), Year Credit Agreement (Becton Dickinson & Co)

Continuations. Each Borrower may, on any Eurodollar Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.62.09, Continue all or any portion of the Eurodollar Rate Advances outstanding under a relevant Facility having the same Interest Period as such Eurodollar PeriodRate Advances; provided that any such Continuation shall be made only on the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances, no any Continuation of Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum Borrowing amount specified in Section 2.02(b)(i) and no Continuation of any Eurodollar Rate Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances under any Facility than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.02(b)(ii). Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category Facility of, and the Eurodollar Interest Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Interest Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the relevant Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Terra Industries Inc), Credit Agreement (Terra Industries Inc)

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 3.5. and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (American States Water Co)

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) ten separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (West Marine Inc)

Continuations. The Borrower may, on any Eurodollar Banking Business Day, upon ------------- notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.62.09, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility hereunder having the same Interest Period as such Eurodollar PeriodRate Advances; provided that any -------- such Continuation shall be made only on the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances, no any Continuation of Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum Borrowing amount specified in Section 2.02(b)(i) and no Continuation of any Eurodollar Rate Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances hereunder than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.02(b)(ii). Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Interest Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Interest Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (West Marine Inc)

Continuations. Borrower may, on any Eurodollar Banking ------------- Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, ------------ --- Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation -------- shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (West Marine Inc)

AutoNDA by SimpleDocs

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 (provided that the foregoing minimum amount shall not apply to a Continuation of the entire unpaid principal balance under the applicable Facility if such amount is less than $1,000,000) and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under all of the Revolving FacilityFacilities. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (New Horizons Worldwide Inc)

Continuations. The Borrower may, on any Eurodollar Banking Business Day, upon ------------- notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.62.08, Continue all or any portion of the outstanding Eurodollar Rate Advances outstanding under a Facility having the same Interest Period as such Eurodollar PeriodRate Advances; provided that any such Continuation -------- shall be made only on the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances, no any Continuation of Eurodollar Rate Advances shall be in an amount not less than $3,000,000 or an integral multiple of $1,000,000 in excess thereof and no Continuation of any Eurodollar Rate Advances shall result in more than five (5) 8 separate Eurodollar Interest Periods being outstanding under the Revolving Facilityoutstanding. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Interest Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Interest Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Continuations. The Borrower may, on any Eurodollar Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 11:00 A.M. (California New York City time) on the third Eurodollar Banking Business Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.62.09, Continue all or any portion of the outstanding Eurodollar Rate Advances outstanding under a Facility having the same Interest Period as such Eurodollar PeriodRate Advances; provided that any such Continuation shall be made only on the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances, no any Continuation of Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum Borrowing amount specified in Section 2.03(b)(i) and no Continuation of any Eurodollar Rate Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.03(b)(ii). Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Interest Period for, the Revolving Credit Advances being Continued and (iii) the duration of the initial Eurodollar Interest Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Imation Corp)

Continuations. Borrower may, on any Eurodollar Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of the proposed Continuation and subject to the provisions of Sections 3.5 and 3.6, Continue all or any portion of the Eurodollar Rate Advances outstanding under a Facility having the same Eurodollar Period; provided that any such Continuation shall be made only on the last day of a Eurodollar Period for such Eurodollar Rate Advances, no Continuation of Eurodollar Rate Advances shall be in an amount less than $1,000,000 and no Continuation of any Eurodollar Rate Advances shall result in more than five ten (510) separate Eurodollar Periods being outstanding under all of the Revolving FacilityFacilities. Each such notice of Continuation shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Continuation, (ii) the aggregate amount and category of, and the Eurodollar Period for, the Advances being Continued and (iii) the duration of the initial Eurodollar Period for the Eurodollar Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.