Common use of Conversion and Continuation of Loans Clause in Contracts

Conversion and Continuation of Loans. The Borrower shall have the right at any time upon prior irrevocable notice to the Administrative Agent (i) not later than 10:30 a.m., New York City time, on the day of the conversion, to convert all or any part of any Eurodollar Borrowing into an ABR Borrowing, (ii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period and (iii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion, to convert the Interest Period, with respect to any Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following:

Appears in 3 contracts

Samples: Agreement (Lucent Technologies Inc), Facility Agreement (Lucent Technologies Inc), Lucent Technologies Inc

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Conversion and Continuation of Loans. The Borrower shall have the right at any time upon prior irrevocable notice by telephone to the Administrative Paying Agent (i) not later than 10:30 a.m., New York City time, on the day of the conversion, to convert all or any part of any Eurodollar Borrowing into an ABR Borrowing, (ii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period and (iii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion, to convert the Interest Period, with respect to any Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following:

Appears in 3 contracts

Samples: Agreement (At&t Corp), Agreement (At&t Corp), Credit Agreement (At&t Corp)

Conversion and Continuation of Loans. (a) The Borrower shall have the right at any time upon prior irrevocable notice (in the form of Exhibit E) to the Administrative Agent (i1) not later than 10:30 a.m.12:00 (noon), New York City time, on the day of the one Business Day prior to conversion, to convert all or any part of any Eurodollar Borrowing Loan into an ABR BorrowingLoan, (ii2) not later than 10:30 a.m.12:00 (noon), New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing Loan into a Eurodollar Borrowing Loan or to continue any Eurodollar Borrowing Loan as a Eurodollar Borrowing Loan for an additional Interest Period Period, and (iii3) not later than 10:30 a.m.12:00 (noon), New York City time, three Business Days prior to conversion, to convert the Interest Period, Period with respect to any Eurodollar Borrowing Loan to another permissible Interest Period, subject in each case to the following:

Appears in 2 contracts

Samples: Credit Agreement (Rentech Inc /Co/), Credit Agreement (Rentech Inc /Co/)

Conversion and Continuation of Loans. The Borrower shall have the right at any time upon prior irrevocable notice to the Administrative Agent (i) not later than 10:30 a.m., New York City time, on the day of the conversion, to convert all or any part of any Eurodollar Borrowing into an ABR Borrowing, (ii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period and (iii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion, to convert the Interest Period, Period with respect to any Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following:

Appears in 2 contracts

Samples: Facility Agreement (Agere Systems Inc), Agreement (Agere Systems Inc)

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Conversion and Continuation of Loans. The Borrower shall have the right at any time upon prior irrevocable notice to the Administrative Agent (i) not later than 10:30 a.m., New York City time, on the day of the conversion, to convert all or any part of any Eurodollar Borrowing into an ABR Borrowing, (ii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period and (iii) not later than 10:30 a.m., New York City time, three Business Days prior to conversion, to convert the Interest Period, with respect to any Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following:

Appears in 2 contracts

Samples: Credit Facility Agreement (Avaya Inc), Credit Facility Agreement (Avaya Inc)

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