Common use of Conversion and Continuation of Loans Clause in Contracts

Conversion and Continuation of Loans. (a) Each conversion of Loans from one Interest Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Company’s irrevocable written notice to the Agent in the form of a Conversion/Continuation Notice, appropriately completed and signed by a Responsible Officer of the Company. Each such Conversion/Continuation Notice must be received by the Agent not later than 11:00 a.m. (New York City time) three Business Days prior to the requested date of any conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans. Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. The Agent shall determine the interest rate that shall apply to any converted or continued Eurodollar Rate Loans pursuant to Section 2.10(c).

Appears in 4 contracts

Samples: Credit Agreement (CNO Financial Group, Inc.), Credit Agreement (CNO Financial Group, Inc.), Restatement Agreement (CNO Financial Group, Inc.)

AutoNDA by SimpleDocs

Conversion and Continuation of Loans. (a) Each conversion of Loans from one Interest Type to the other, and each continuation of Eurodollar Rate RateTerm SOFR Loans shall be made upon the Company’s irrevocable written notice to the Agent in the form of a Conversion/Continuation Notice, appropriately completed and signed by a Responsible Officer of the Company. Each such Conversion/Continuation Notice must be received by the Agent not later than 11:00 a.m. (New York City time) three Business Days prior to the requested date of any conversion to or continuation of Eurodollar Rate RateSOFR Loans or of any conversion of Eurodollar Rate RateSOFR Loans to Base Rate Loans. Except as otherwise provided herein, a Eurodollar Rate RateTerm SOFR Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate RateTerm SOFR Loan. The Agent shall determine the interest rate that shall apply to any converted or continued Eurodollar Rate RateSOFR Loans pursuant to Section 2.10(c).

Appears in 1 contract

Samples: Restatement Agreement (CNO Financial Group, Inc.)

AutoNDA by SimpleDocs

Conversion and Continuation of Loans. (a) Each Except as otherwise provided herein, (i) each conversion of Loans from one Interest Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the CompanyBorrower’s irrevocable written notice to the Agent in the form of a Conversion/Continuation Notice, appropriately completed and signed by a Responsible Officer of the Company. Each Borrower, (ii) such Conversion/Continuation Notice must be received by the Agent not later than 11:00 a.m. (New York City time) three Business Days prior to the requested date of any conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans. Except as otherwise provided herein, and (iii) a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. The Agent shall determine the interest rate that shall apply to any converted or continued Eurodollar Rate Loans pursuant to Section 2.10(c2.10(b).

Appears in 1 contract

Samples: Credit Agreement (Genworth Financial Inc)

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