Common use of Conversion and Continuation of Outstanding Advances Clause in Contracts

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different Type. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another

Appears in 1 contract

Samples: Assignment Agreement (Money Store Inc /Nj)

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Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Advances) shall continue as Floating Base Rate Advances of the same Type unless and until such Floating Base Rate Advances are converted into either Eurodollar Committed SOFR Advances pursuant to this ‎Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with ‎Section 2.07. Each Eurodollar Committed SOFR Advance shall continue as a Eurodollar Committed SOFR Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed SOFR Advance shall be automatically converted or continued, as applicable, into a SOFR Advance with an Alternate Base Rate Interest Period of one month, unless (x) such SOFR Advance unless is or was repaid as provided herein in accordance with ‎Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed SOFR Advance convert to a Base Rate Advance or continue as a Eurodollar Committed SOFR Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such a Eurocurrency Advance until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall be automatically be deemed to be continued as a Eurocurrency Advance in the same amount its original currency with a Eurocurrency an Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period)month, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with ‎Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of ‎Section 2.06, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance into a SOFR Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into a Base Rate Advance or a SOFR Advance, but instead must be prepaid as a Eurocurrency Advance and reborrowed in Dollars. No Advance made in Dollars may be converted into a Eurocurrency Advance, but instead must be prepaid as a Base Rate Advance or SOFR Advance, as applicable, and reborrowed in a Foreign Currency. Notwithstanding anything to the contrary contained in this ‎Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a SOFR Advance (except with the consent of the Required Lenders) and (II) no Eurocurrency Advance shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month. The Borrower shall give the Administrative Agent notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of a Base Rate Advance into a SOFR Advance, conversion of a SOFR Advance into a Base Rate Advance or continuation of a SOFR Advance or of a Eurocurrency Advance, in each case, not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (RXO, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically be deemed to be continued as converted into a Eurocurrency Floating Rate Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the applicable Borrower shall have given the Agent a Conversion/Continuation Notice (which, in the case of a Non-U.S. Subsidiary Borrower, may be delivered by the Parent Borrower on its behalf), in accordance with the immediately succeeding sentence terms of this Section 2.10 requesting that, at the end of such Eurocurrency Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Eurocurrency Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.10, Eurocurrency Advances in an Agreed Currency other than Dollars shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest Period of one (1) month. Subject to the terms of Section 2.8, the applicable Borrower may elect from time to time to convert all or any part of the Term Loans or the Revolving Loans from any Type into any other Type of Loan or Types of Loans; provided that any conversion of any Eurocurrency Advance shall be made on, and only on, the last day of the Eurocurrency Interest Period applicable thereto. The applicable Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) or, in the case of a Non-U.S. Subsidiary Borrower, the Parent Borrower may give the Agent a Conversion/Continuation Notice on its behalf, of each conversion of a Floating Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Chicago time) at least (a) three Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in Dollars and (b) four Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in an Agreed Currency other than Dollars, specifying in each case:

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line AdvancesLoans) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.10 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.8. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time time: each such Eurodollar Committed Eurocurrency Advance denominated in Dollars shall be automatically converted into an Alternate Base a Floating Rate Advance unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.8 or unless (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Eurocurrency Advance either continue as a Eurodollar Committed Eurocurrency Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall or be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time converted into a Floating Rate Advance; and each such Eurocurrency Advance denominated in an Agreed Currency other than Dollars shall automatically be deemed to be continued continue as a Eurocurrency Advance in the same amount Agreed Currency with a Eurocurrency an Interest Period of one month unless (commencing on the last day of the expiring x) such Eurocurrency Interest Period), unless Advance is or was repaid as provided herein in accordance with Section 2.8 or unless (y) the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance (other than a Swing Line Loan) of any Type into any other Type or Types of Advances denominated in the same or any other Agreed Currency; provided that any conversion of any Eurocurrency Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, three Business Days, in the case of a conversion into or continuation of a Eurocurrency Advance denominated in Dollars, or four Business Days in the case of a conversion into or continuation of a Eurocurrency Advance denominated in an Agreed Currency other than Dollars, prior to the date of the requested conversion or continuation, specifying: the requested date, which shall be a Business Day, of such conversion or continuation, and the Agreed Currency, amount and Type(s) of Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a Eurocurrency Advance, the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Modine Manufacturing Co)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance (provided, that in the case of a Eurocurrency Advance denominated in a Foreign Currency, such Eurocurrency Advance shall be continued as Eurocurrency Advance in its original currency with an Interest Period of one month), unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the applicable Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be prepaid in the original currency of such Advance and reborrowed in the other currency. Notwithstanding anything to the contrary contained in this Section 2.09, no Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders) when any Default has occurred and is continuing (provided, that in the case of a Eurocurrency Advance denominated in a Foreign Currency, when any Default has occurred and is continuing such Eurocurrency Advance shall be continued as Eurocurrency Advance in its original currency with an Interest Period of one month). The applicable Borrower shall give the Administrative Agent irrevocable notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the applicable Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed EurodollarTerm Benchmark Advances pursuant to this Section 2.8 or Floating Rate Advances of a different Typeare repaid. Each Eurodollar Committed EurodollarTerm Benchmark Advance shall continue as a Eurodollar Committed EurodollarTerm Benchmark Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed EurodollarTerm Benchmark Advance shall be automatically converted into an Alternate Base a Floating Rate Advance unless (x) such EurodollarTerm Benchmark Advance is or was repaid as provided herein in accordance with Section 2.6 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed EurodollarTerm Benchmark Advance continue as a Eurodollar Committed EurodollarTerm Benchmark Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.32.5 and this Section 2.8, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Floating Rate Advance (other than into a Swing Line Advance and other than a Eurocurrency EurodollarTerm Benchmark Advance) of any Type into any other Type or Types of Advances; , provided that no Floating Rate Advance may be converted into a EurodollarTerm Benchmark Advance when any conversion Event of any Eurodollar Committed -------- Advance on a day other than Default has occurred and is continuing and the last day of Administrative Agent or the Eurodollar Interest Period applicable thereto Required Lenders have determined in its or their reasonable discretion not to permit such conversions. This Section 2.8 shall not apply to Protective Advances, which may not be subject to Section 3.4converted or continued. Each Eurocurrency Advance ----------- The Borrower shall continue as such until give the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance Administrative Agent irrevocable notice in the same amount with manner set forth in Section 2.13 (a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting thatNotice”) of each conversion of a Floating Rate Advance into a EurodollarTerm Benchmark Advance or continuation of a EurodollarTerm Benchmark Advance not later than 11:00 a.m., Chicago time, at least three (3) Business Days prior to the end date of such Interest Periodthe requested conversion or continuation, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotherspecifying:

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances (other than Swing Line Advances) Advance shall continue as Floating an Alternate Base Rate Advances of the same Type Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into either Eurodollar Committed Advances a EurocurrencyTerm SOFR Advance pursuant to this Section 2.9 or Floating Rate Advances of a different Typeis repaid in accordance with Section 2.7. Each Eurodollar Committed XXXXX Advance shall continue as a Eurodollar Committed XXXXX Advance unless and until such XXXXX Advance is repaid in accordance with Section 2.7. Each Term SOFR Advance shall continue as a Term SOFR Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Term SOFR Advance shall be automatically converted into an Alternate Base Rate Advance, unless (a) such Term SOFR Advance unless is or was repaid as provided herein in accordance with Section 2.7 or unless (b) the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Term SOFR Advance continue as a Eurodollar Committed Term SOFR Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such a Eurocurrency Advance until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance, if denominated in Dollars shall be automatically converted into an Alternate Base Rate Advance or, if denominated in Euro, shall automatically be deemed to be continued as a exchanged for an Equivalent amount of Dollars and converted into an Alternate Base Rate Advance, unless (a) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (b) the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.6, the applicable Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a EurocurrencyTerm SOFR Advance denominated in Dollars. Subject to the payment of any funding indemnification amounts required by Section 3.4, the applicable Borrower may elect from time to time to convert all or any part of a EurocurrencyTerm SOFR Advance denominated in Dollars into an Alternate Base Rate Advance. The applicable Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each (x) conversion of an Alternate Base Rate Advance into a EurocurrencyTerm SOFR Advance or the continuation of a Term SOFR Advance as a new Term SOFR Advance or a Eurocurrency Advance as a new Eurocurrency Advance not later than 11:00 a.m. (New York time) at least three (3) RFR Business Days (or in the case of a Eurocurrency Advance, at least three (3) Business Days) prior to the date of the requested conversion or continuation and (y) conversion of a EurocurrencyTerm SOFR Advance into an Alternate Base Rate Advance, not later than 12:00 p.m. (New York time) on the date of the requested conversion, in each case specifying:

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this ‎Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with ‎Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as a Eurocurrency Advance in its original currency with an Interest Period of one month, in each case, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with ‎Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of ‎Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this ‎Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders) and (II) no Eurocurrency Advance denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month. The Borrower shall give the Administrative Agent notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (XPO Logistics, Inc.)

Conversion and Continuation of Outstanding Advances. No Conversion or Continuation of Eurodollar Advances After Default. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances pursuant to this Section 2.7 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.5. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid as provided herein in accordance with Section 2.5 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the The Borrower may elect from time to time ------------- to convert all or any part of a Committed an Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto shall thereto, and provided, further, that no Advance that is less than $2,000,000 may be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be converted into or continued as a Eurocurrency Advance Eurodollar Advance. Notwithstanding anything to the contrary contained in this Section 2.7, during the same amount with continuance of a Eurocurrency Interest Period of one month Default or an Unmatured Default, the Administrative Agent may (commencing on or shall at the last day direction of the expiring Eurocurrency Interest PeriodRequired Lenders), unless repaid by notice to the Borrower, declare that no Advance may be made, converted or continued as provided herein or unless the a Eurodollar Advance. The Borrower shall have given give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice Notice") of each conversion of an Advance or continuation of a Eurodollar Advance not later than 2:00 p.m. (New York City time) at least one (1) Business Day, in accordance with the immediately succeeding sentence requesting thatcase of a conversion into a Floating Rate Advance, at or three (3) Business Days, in the end case of such Interest Perioda conversion into or continuation of a Eurodollar Advance, such Eurocurrency Advance continue as a Eurocurrency Advance for prior to the same date of the requested conversion or anothercontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Headwaters Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated 47 in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as a Eurocurrency Advance in its original currency with an Interest Period of one month, in each case, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders) and (II) no Eurocurrency Advance denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month. The Borrower shall give the Administrative Agent notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (GXO Logistics, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as Eurocurrency Advance in its original currency with an Interest Period of one month, in each case, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders) and (II) no Eurocurrency Advance denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month. The Borrower shall give the Administrative Agent notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (Pacific time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

Conversion and Continuation of Outstanding Advances. Floating --------------------------------------------------- Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically be deemed to be continued as converted into a Eurocurrency Floating Rate Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the applicable Borrower shall have given the Agent a Conversion/Continuation Notice (which, in the case of the Non-U.S. Subsidiary Borrower, may be delivered by the Borrower on its behalf), in accordance with the immediately succeeding sentence terms of this Section 2.10 requesting that, at the end ------------ of such Eurocurrency Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Eurocurrency Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.10, Eurocurrency Advances in an ------------ Agreed Currency other than Dollars shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest Period of one (1) month. Subject to the terms of Section 2.8, the ----------- applicable Borrower may elect from time to time to convert all or any part of the Term Loan or the Revolving Loans from any Type into any other Type of Loan or Types of Loans; provided that any conversion of any Eurocurrency -------- Advance shall be made on, and only on, the last day of the Eurocurrency Interest Period applicable thereto. The applicable Borrower shall give the Agent irrevocable notice (a "CONVERSION/CONTINUATION NOTICE") or, in the case of the Non-U.S. Subsidiary Borrower, the Borrower may give the Agent a Conversion/Continuation Notice on its behalf, of each conversion of a Floating Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Chicago time) at least (a) three Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in Dollars and (b) four Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in an Agreed Currency other than Dollars, specifying in each case:

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as Eurocurrency Advance in its original currency with an Interest Period of (I) in the case of a Swingline Loan, one week or (II) in all other cases, one month, in each case, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders), (II) no Eurocurrency Advance (other than a Swingline Loan) denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month and (III) each Swingline Loan shall be continued as a Eurocurrency Loan in its original currency with an Interest Period of one week or such other period agreed to by the applicable Swingline Lender and the Borrower. The Borrower shall give the Administrative Agent (and, with respect to a Swingline Borrowing, the applicable Swingline Lender) notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (Pacific time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (SALESFORCE.COM, Inc.)

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Conversion and Continuation of Outstanding Advances. Floating --------------------------------------------------- Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically be deemed to be continued as converted into a Eurocurrency Floating Rate Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the applicable Borrower shall have given the Agent a Conversion/Continuation Notice (which, in the case of the Non-U.S. Subsidiary Borrower, may be delivered the Borrower may on its behalf) Conversion/Continuation Notice, in accordance with the immediately succeeding sentence terms of this Section 2.10 requesting that, at the end of such Eurocurrency ------------ Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Eurocurrency Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.10, Eurocurrency Advances in an Agreed ------------ Currency other than Dollars shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest Period of one (1) month. Subject to the terms of Section 2.8, the applicable Borrower ----------- may elect from time to time to convert all or any part of the Term Loan or the Revolving Loans from any Type into any other Type of Loan or Types of Loans; provided that any conversion of any Eurocurrency Advance shall be -------- made on, and only on, the last day of the Eurocurrency Interest Period applicable thereto. The applicable Borrower shall give the Agent irrevocable notice (a "CONVERSION/CONTINUATION NOTICE") or, in the case of the Non-U.S. Subsidiary Borrower, the Borrower may give the Agent a Conversion/ Continuation Notice on its behalf, of each conversion of a Floating Rate Advance or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Chicago time) at least four Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Conversion and Continuation of Outstanding Advances. NO CONVERSION OR CONTINUATION OF EURODOLLAR ADVANCES AFTER EVENT OF DEFAULT. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances pursuant to this Section 2.9 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.7. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid as provided herein in accordance with Section 2.7 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.32.6, the Borrower may elect from time to time ------------- to convert all or any part of a Committed an Advance of any Type (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto thereto. Notwithstanding anything to the contrary contained in this Section 2.9, during the continuance of an Event of Default or an Unmatured Event of Default, the Administrative Agent may (or shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until at the end direction of the then applicable Eurocurrency Interest Period thereforRequired Lenders), at which time such Eurocurrency by notice to the Borrower, declare that no Advance shall automatically may be deemed to be made, converted or continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Eurodollar Advance. The Borrower shall have given give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice Notice") of each conversion of an Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago, Illinois time) at least one (1) Business Day, in accordance with the immediately succeeding sentence requesting thatcase of a conversion into a Floating Rate Advance, at or three (3) Business Days, in the end case of such Interest Perioda conversion into or continuation of a Eurodollar Advance, such Eurocurrency Advance continue as a Eurocurrency Advance for prior to the same date of the requested conversion or anothercontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Roto-Rooter Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeAdvances. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base a Floating Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance either continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.3.32.6, the Borrower may elect from time to time ------------- to convert all or any part of a Committed an Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other another Type or Types of AdvancesAdvance; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4thereto. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the The Borrower shall have given give the Agent irrevocable notice (a "Conversion/Continuation Notice Notice") of each conversion of an Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in accordance with the immediately succeeding sentence requesting thatcase of a conversion into a Floating Rate Advance, at or three Business Days, in the end case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type of Advance into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a Eurodollar Advance, the duration of the Eurodollar Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotherPeriod applicable thereto. 2.10.

Appears in 1 contract

Samples: Term Loan Agreement (Banknorth Group Inc /New/ /De/)

Conversion and Continuation of Outstanding Advances. Floating Alternate --------------------------------------------------- Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the applicable Borrower shall have given the Agent an irrevocable notice (a "Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency AdvanceNotice") of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance either continue as a Eurocurrency Advance for the same or anotheranother Interest Period or be converted into an Alternate Base Rate Advance. Subject to the terms of Sections 2.2.1 and -------------- 2.5.2, such Borrower may elect from time to time to convert all or any part of ----- an Advance of any Type (other than Alternate Currency Loans and Swing Loans) into any other Type or Types of Advances (other than Alternate Currency Loans and Swing Loans); provided that any conversion of any Eurocurrency Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The applicable Borrower shall give the Agent the Conversion/Continuation Notice of each conversion of an Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (Indianapolis time) at least one Business Day, in the case of a conversion into an Alternate Base Rate Advance, or three Business Days, in the case of a conversion into or continuation of a Eurocurrency Advance in Dollars, four Business Days, in the case of a conversion into or continuation of a Eurocurrency Advance in an Agreed Currency other than Dollars and five Business Days, in the case of a conversion into or continuation of an Alternate Currency Loan, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into an Alternate Base Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically be deemed to be continued as converted into a Eurocurrency Floating Rate Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the applicable Borrower shall have given the Agent a Conversion/Continuation Notice (which, in the case of a Non-U.S. Subsidiary Borrower, may be delivered by the Borrower on its behalf), in accordance with the immediately succeeding sentence terms of this Section 2.10 requesting that, at the end of such Eurocurrency Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Eurocurrency Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.10, Eurocurrency Advances in an Agreed Currency other than Dollars shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest Period of one (1) month. Subject to the terms of Section 2.8, the applicable Borrower may elect from time to time to convert all or any part of the Term Loans or the Revolving Loans from any Type into any other Type of Loan or Types of Loans; provided that any conversion of any Eurocurrency Advance shall be made on, and only on, the last day of the Eurocurrency Interest Period applicable thereto. The applicable Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) or, in the case of a Non-U.S. Subsidiary Borrower, the Borrower may give the Agent a Conversion/Continuation Notice on its behalf, of each conversion of a Floating Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Chicago time) at least (a) three Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in Dollars and (b) four Business Days prior to the date of the requested conversion or continuation of a Eurocurrency Advance in an Agreed Currency other than Dollars, specifying in each case:

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed EurocurrencySOFR Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed (a) Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as Eurocurrency Advance in its original currency with an Interest Period of (I) in the case of a Swingline Loan, one week or (II) in all other cases, one month, in each case, unless repaid as provided herein or unless the Borrower and (b) SOFR Advance shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed SOFR Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency SOFR Advance shall be automatically be deemed to be continued as a Eurocurrency SOFR Advance in the same amount with a Eurocurrency an Interest Period of one month (commencing on month, unless, in the last day case of the expiring Eurocurrency Interest Periodforegoing clauses (a) and (b), unless (x) such Eurocurrency Advance or SOFR Advance, as applicable, is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence (as defined below) requesting that, at the end of such Interest Period, such SOFR Advance convert to an Alternate Base Rate Advance or such Eurocurrency Advance or SOFR Advance, as applicable, continue as a Eurocurrency Advance or SOFR Advance, as applicable, for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a EurocurrencySOFR Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance or a XXXXX Advance, as applicable, and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders), (II) no Eurocurrency Advance (other than a Swingline Loan) denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month and (III) each Swingline Loan shall be continued as a Eurocurrency Loan in its original currency with an Interest Period of one week or such other period agreed to by the applicable Swingline Lender and the Borrower. The Borrower shall give the Administrative Agent (and, with respect to a Swingline Borrowing, the applicable Swingline Lender) notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a EurocurrencySOFR Advance, conversion of SOFR Advance into an Alternate Base Rate Advance or continuation of a Eurocurrency Advance or SOFR Advance not later than 11:00 a.m. (Pacific time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Salesforce, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Advances) shall continue as Floating Alternate Base Rate Advances of the same Type unless and until such Floating Alternate Base Rate Advances are converted into either Eurodollar Committed Eurocurrency Advances pursuant to this Section 2.09 or Floating Rate Advances of a different Typeare repaid in accordance with Section 2.07. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time (if denominated in Dollars) such Eurodollar Committed Eurocurrency Advance shall be automatically converted into an Alternate Base Rate Advance or (if denominated in a Foreign Currency) such Eurocurrency Advance shall be automatically continued as Eurocurrency Advance in its original currency with an Interest Period of (I) in the case of a Swingline Loan, one week or (II) in all other cases, one month, in each case, unless (x) such Eurocurrency Advance is or was repaid as provided herein in accordance with Section 2.07 or unless (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue (as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.3.3, the Borrower may elect from time to time ------------- to convert all or any part of a Committed Advance (other than a Swing Line Advance and other than a Eurocurrency Advancedefined below) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Advance on a day other than the last day of the Eurodollar Interest Period applicable thereto shall be subject to Section 3.4. Each Eurocurrency Advance ----------- shall continue as such until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in the same amount with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Eurocurrency Interest Period), unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotheranother Interest Period. Subject to the terms of Section 2.06, the Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance. No Advance may be converted into or continued as an Advance denominated in a different currency, but instead must be repaid in the original currency of such Advance and reborrowed in the other currency. No Advance made in a Foreign Currency may be converted into an Alternate Base Rate Advance, but instead must be prepaid as a Eurocurrency Advance or a XXXXX Advance, as applicable, and reborrowed in Dollars. Notwithstanding anything to the contrary contained in this Section 2.09, when any Default has occurred and is continuing (I) no Dollar-denominated Advance may be converted or continued as a Eurocurrency Advance (except with the consent of the Required Lenders), (II) no Eurocurrency Advance (other than a Swingline Loan) denominated in a Foreign Currency shall be continued other than as a Eurocurrency Loan in its original currency with an Interest Period of one month and (III) each Swingline Loan shall be continued as a Eurocurrency Loan in its original currency with an Interest Period of one week or such other period agreed to by the applicable Swingline Lender and the Borrower. The Borrower shall give the Administrative Agent (and, with respect to a Swingline Borrowing, the applicable Swingline Lender) notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the Borrower, of each conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency Advance not later than 11:00 a.m. (Pacific time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Salesforce, Inc.)

Conversion and Continuation of Outstanding Advances. Floating --------------------------------------------------- Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances of the same Type unless and until such Floating Rate Advances are converted into either Eurodollar Committed Advances or Floating Rate Advances of a different TypeEurocurrency Advances. Each Eurodollar Committed Eurocurrency Advance shall continue as a Eurodollar Committed Eurocurrency Advance of such Type until the end of the then applicable Eurodollar Eurocurrency Interest Period therefor, at which time such Eurodollar Committed Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically converted into an Alternate Base a Floating Rate Advance unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the terms of this Section ------- 2.9 requesting that, at the end of such Eurodollar Eurocurrency Interest Period, such Eurodollar Committed --- Eurocurrency Advance continue as a Eurodollar Committed Eurocurrency Advance for the same or another Eurodollar Eurocurrency Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.9, Eurocurrency Advances in an Agreed Currency other than Dollars ----------- shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest Period of one (1) month. Subject to the terms of Section 2.3.32.6, the Borrower may elect from time to time ------------- to convert ----------- all or any part of a Committed an Advance (other than a Swing Line Advance and other than a Eurocurrency Advance) of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Committed -------- Eurocurrency Advance on a day other than shall be made on, and only on, the last day of the Eurodollar Eurocurrency Interest Period applicable thereto thereto. The Borrower shall be subject to Section 3.4. Each Eurocurrency give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance ----------- shall continue as such until the end or continuation of the then applicable Eurocurrency Interest Period therefor, at which time such Eurocurrency Advance shall automatically be deemed to be continued as a Eurocurrency Advance in not later than 10:00 a.m. (Chicago time) at least four Business Days prior to the same amount with a Eurocurrency Interest Period of one month (commencing on the last day date of the expiring Eurocurrency Interest Period)requested conversion or continuation, unless repaid as provided herein or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the immediately succeeding sentence requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or anotherspecifying:

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

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