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

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable Borrower. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 8 contracts

Samples: Credit Agreement, Credit Agreement (Star Gas Partners Lp), Credit Agreement (Star Gas Partners Lp)

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Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Loans) shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementSection 2.5. Each Eurodollar Eurocurrency Advance denominated in Dollars shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.5 or (y) the Borrower Representative shall have has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance on behalf of the applicable BorrowerEurocurrency Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. 12:00 p.m. (Chicago Minneapolis time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 6 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Hawkins Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into Eurodollar Advances a Eurocurrency Advance pursuant to this Section 2.7 2.9 or are is repaid in accordance with this AgreementSection 2.7. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance Eurocurrency Advance, if denominated in Dollars shall be automatically converted into a Floating an Alternate Base Rate Advance or, if denominated in a Committed Currency, be exchanged for an Equivalent amount of Dollars and converted into an Alternate Base Rate Advance, unless (xa) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.7 or (yb) the applicable Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the applicable Borrower Representative may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency 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 Floating Eurocurrency Advance denominated in Dollars into an Alternate Base Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The applicable Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Eurocurrency Advance or the continuation of a Eurodollar Eurocurrency Advance as a new Eurocurrency Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days prior to the date of the requested conversion or continuationcontinuation and (y) conversion of a Eurocurrency Advance into an Alternate Base Rate Advance, specifying not later than 12:00 p.m. (iNew York time) on the date of the requested dateconversion, 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.in each case specifying:

Appears in 5 contracts

Samples: Assignment and Assumption (Aon PLC), Credit Agreement, Year Credit Agreement (Aon PLC)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.7 SECTION 2.9 or are is repaid in accordance with this AgreementSECTION 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement SECTION 2.7 or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4SECTION 2.6, the Borrower Representative may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or of continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the date of a conversion into an Alternate Base Rate Advance, or at least three (3) Business Days Days, in the 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 4 contracts

Samples: Credit Agreement (Aon Corp), Assignment Agreement (Aon Corp), Assignment Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swingline Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.7 2.10 or are repaid in accordance with this AgreementSection 2.8. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement or Section 2.8, (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest PeriodPeriod or at any other time, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance in the same currency for the same or another Interest Period or (z) such Eurocurrency Advance is denominated in a currency other than Dollars and neither of the preceding clauses (x) or (y) is applicable, in which case such Advance shall be continued as a Eurocurrency Advance in the same currency with an Interest Period of one month’s duration commencing on the last day of such Interest Period). Subject to the terms of Section 2.42.7, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swingline Loans) into a Eurodollar Advance on behalf of the applicable BorrowerEurocurrency Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 3 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.10 or are repaid in accordance with this AgreementSection 2.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.8 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.7, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 3 contracts

Samples: Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.12 or are repaid in accordance with this AgreementSection 2.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.10 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.9, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago 2:00 p.m., New York City time) , at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.12 or are repaid in accordance with this AgreementSection 2.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.10 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.09, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Conversion/ Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago 2:00 p.m., New York City time) , at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.7 2.09 or are is repaid in accordance with this AgreementSection 2.02 or Section 2.07. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.02 or Section 2.07 or (yb) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continues as a Eurodollar Advance for the same or another Interest Period (or, if no Interest Period is specified in such Conversion/Continuation Notice, continuation shall be for a one (1) month Interest Period). Subject to the terms of Section 2.42.06, the Borrower Representative may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurodollar Advance. Subject to the payment of any funding indemnification amounts required by Section 3.04, the Borrower may elect from time to time to convert all or any part of a Floating Rate Eurodollar Advance into a Eurodollar Advance on behalf of the applicable Borroweran Alternate Base Rate Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or the continuation of a Eurodollar Advance as a new Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days 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, continuation and (iiiy) the amount conversion of such Advance which is to be converted into or continued as a Eurodollar Advance and into an Alternate Base Rate Advance, not later than 11:00 a.m. (New York time) on the duration date of the Interest Period applicable thereto.requested conversion, in each case specifying:

Appears in 2 contracts

Samples: Term Credit Agreement (Aon Corp), Term Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Loans) shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementSection 2.6. Each Eurodollar Eurocurrency Advance denominated in Dollars shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative shall have has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.42.5, the Borrower Representative may elect from time to time to convert all or any part of a Floating Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance on behalf of the applicable BorrowerEurocurrency Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. 12:00 p.m. (Chicago Minneapolis time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.8 or are repaid in accordance with this Agreementrepaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative 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 Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.42.5, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance, provided that no Floating Rate Advance on behalf may be converted into a Eurodollar Advance when any Event of Default has occurred and is continuing and the applicable BorrowerAdministrative Agent or the Required Lenders have determined in its or their reasonable discretion not to permit such conversions. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B manner set forth in Section 2.13 (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. 12:00 p.m. (Chicago New York City time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.7 2.9 or are is repaid in accordance with this AgreementSection 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or (yb) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurodollar Advance. Subject to the payment of any funding indemnification amounts required by Section 3.4, the Borrower may elect from time to time to convert all or any part of a Floating Rate Eurodollar Advance into a Eurodollar Advance on behalf of the applicable Borroweran Alternate Base Rate Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or the continuation of a Eurodollar Advance as a new Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days 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, continuation and (iiiy) the amount conversion of such Advance which is to be converted into or continued as a Eurodollar Advance and into an Alternate Base Rate Advance, not later than 11:00 a.m. (New York time) on the duration date of the Interest Period applicable thereto.requested conversion, in each case specifying:

Appears in 2 contracts

Samples: Assignment and Assumption (Aon Corp), Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementAdvances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Eurodollar Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.42.2.5, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate an Advance of either Type into a the other Type of Advance; provided that any conversion of any Eurodollar Advance on behalf shall be made on, and only on, the last day of the Eurodollar Interest Period applicable Borrowerthereto. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. 12:00 noon (Chicago time) (a) in the case of a conversion into a Floating Rate Advance, at least one Business Day before the date of the requested conversion, and (b) in the case of a conversion into or continuation of a Eurodollar Advance, at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Loan Agreement (Richardson Electronics LTD/De), Loan Agreement (Richardson Electronics LTD/De)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.10 or are repaid in accordance with this AgreementSection 2.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.8 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.7, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Agreement, or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three (3) Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. This Section 2.7 shall not apply to Swingline Loans, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (USA Compression Partners, LP), Credit Agreement

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.9 or are repaid in accordance with this Agreementrepaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or 2.1.2 or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago New Orleans time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Assignment Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. This Section 2.7 shall not apply to Swingline Loans, which may not be converted or continued.

Appears in 2 contracts

Samples: Compressor Equipment Lease Agreement (USA Compression Partners, LP), Agreement (USA Compression Partners, LP)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances Each ABR Advance shall continue as Floating Rate Advances an ABR Advance unless and until such Floating Rate Advances are ABR Advance is converted into a Eurodollar Advances pursuant to this Section 2.7 or are repaid Advance in accordance with this AgreementSection 2.2.4 or is prepaid in accordance with Section 2.6. Each Eurodollar Advance shall continue as a Eurodollar Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into continued as a Floating Rate Eurodollar Advance with an Interest Period of one month unless (x) such Eurodollar Advance is or was repaid shall have been either (a) prepaid in accordance with this Agreement or Section 2.6, (yb) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continued as a Eurodollar Advance for the same or another Interest PeriodPeriod in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.42.5, the Borrower Representative may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate an Advance into a another Rate Option; provided that any conversion or continuation of any Eurodollar Advance on behalf shall be made on, and only on, the last day of the Interest Period applicable Borrowerthereto. The Borrower Representative shall give the Administrative Agent irrevocable notice in substantially the form of Exhibit B G hereto (a “Conversion/Continuation Rate Option Notice”) of each conversion of a Floating Rate an ABR Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 10:00 a.m. 1:00 p.m. (Chicago New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least three two Business Days prior to the date of the requested conversion or continuation, specifying (i) the requested date, which shall be a Business Day, continuation of such conversion or continuation, (ii) the aggregate amount and Type of the an Advance which is to be converted or continued, and (iii) the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.Advance, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Forestar Group Inc.), Credit Agreement (Forestar Group Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementAdvances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) unless, subject to the Borrower Representative immediately following sentence, the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.42.4.2 and the immediately preceding sentence, the Borrower Representative Company may elect from time to time to convert all or any part of a Floating an Advance accruing interest at any Rate Option into an Advance into a accruing interest at any other Rate Option; provided that any conversion of any Eurodollar Advance on behalf shall be made on, and only on, the last day of the Interest Period applicable Borrowerthereto. The Borrower Representative Company shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Conversion/ Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least on the effective date of such conversion, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Funding LLC), Credit Agreement (Midamerican Funding LLC)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances shall continue as Floating Alternate Base Rate Advances unless and until such Floating Alternate Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.7 2.09 or are repaid in accordance with this AgreementSection 2.07. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating an Alternate Base Rate Advance Advance, unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.07 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.42.06, the Borrower Representative may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance into a Eurodollar Eurocurrency Advance. Notwithstanding anything to the contrary contained in this Section 2.09, no Advance on behalf may be converted or continued as a Eurocurrency Advance (except with the consent of the applicable BorrowerRequired Lenders) when any Default has occurred and is continuing. The Borrower Representative shall give the Administrative Agent irrevocable notice substantially in the form of Exhibit B G (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 Floating an Alternate Base Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 2 contracts

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

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.6 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative Respective Borrower's Authorized Officer shall have given the Agent Lender a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.3, the Borrower Representative Authorized Officer may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable Borrower. The Borrower Representative Authorized Officer shall give the Agent Lender irrevocable notice in the form of Exhibit B EXHIBIT D (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Facility and Security Agreement (Goodman Conveyor Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.8 or are repaid in accordance with this Agreementrepaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative 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 Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.42.5 and this Section 2.8, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance, provided that no Floating Rate Advance on behalf may be converted into a Eurodollar Advance when any Event of Default has occurred and is continuing and the applicable BorrowerAdministrative Agent or the 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 converted or continued. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B manner set forth in Section 2.13 (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (11:00 a.m., Chicago time) , at least three (3) Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Conversion and Continuation of Outstanding Advances. (i) Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with the terms of this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with the terms of this Agreement or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or (z) such Eurodollar Advance is for an Interest Period of one (1) day, in which case such Eurodollar Advance shall continue until Borrower Representative has given Administrative Agent a Conversion/Continuation Notice requesting that such Interest Period be converted to another Interest Period or such Eurodollar Advance be converted to a Floating Rate Advance. Subject to the terms of Section 2.42.5, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B H (or in such other form requested by Administrative Agent) (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance, a conversion of a Eurodollar Advance with a one (1) day Interest Period to a different Interest Period or to a Floating Rate Advance, or continuation of a Eurodollar Advance not later than 10:00 a.m. noon (Chicago Columbus, Ohio time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.9 or are repaid in accordance with this AgreementSection 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying (i) specifying: 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) whether such Advance is comprised of Term Loans or Revolving Loans, and the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Roundys Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.8 or are repaid in accordance with this Agreementrepaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative 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 Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.42.5 and this Section 2.8, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance, provided that no Floating Rate Advance on behalf may be converted into a Eurodollar Advance when any Event of Default has occurred and is continuing and the applicable BorrowerAdministrative Agent or the 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 converted or continued. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B manner set forth in Section 2.13 (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (11:00 a.m., Chicago time) , at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

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Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. 1:00 p.m. (Chicago time) at least three (3) Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. This Section 2.7 shall not apply to Swingline Loans, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (USA Compression Partners, LP)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.8 or are repaid in accordance with this AgreementSection 2.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.3, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying 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 of such Advance Advance, which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. 2.9.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Idacorp Inc)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Loans) shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementSection 2.6. Each Eurodollar Eurocurrency Advance denominated in Dollars shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative shall have Borrowers’ Agent has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.42.5, the Borrower Representative Borrowers may elect from time to time to convert all or any part of a Floating Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Eurocurrency Advance on behalf in the minimum amount of the applicable Borrower$500,000. The Borrower Representative Borrowers’ Agent shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. 12:00 p.m. (Chicago Minneapolis time) at least three two Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Dolan Co.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either converted into Eurodollar Advances pursuant to in accordance with this Section 2.7 2.2.4 or are repaid in accordance with this AgreementSection 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in substantially the form of Exhibit B F hereto (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance Advance, not later than 10:00 11:30 a.m. (Chicago New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying (i) specifying: 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances shall continue as Floating Alternate Base Rate Advances unless and until such Floating Alternate Base Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this AgreementAdvances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time time, unless such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is paid in full or was repaid in accordance with this Agreement or (y) the Borrower Representative applicable Borrowing Entity shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of that such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance in the same Eurocurrency for the same or another Interest Period (a) in the case of a Eurodollar Advance, such Eurodollar Advance shall automatically be converted into an Alternate Base Rate Advance, and (b) in the case of a Foreign Currency Advance, such Foreign Currency Advance shall automatically be continued for a new Interest Period of one month (commencing on the last day of the expiring Interest Period). Subject to the terms of Section 2.42.3.3, the Borrower Representative any Borrowing Entity may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative applicable Borrowing Entity shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") (a) of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance Advance, which notice shall be sent to the Administrative Agent's Domestic Office not later than 12:00 noon (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation and (b) of each continuation of a Foreign Currency Advance, which notice shall be sent to the Administrative Agent's Domestic Office not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.in each case:

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.9 or are repaid in accordance with this AgreementSection 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the relevant Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the a Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The A Revolving Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (MSX International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) at least three Business Days 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, continued and (iii) the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Assignment and Assumption (Northwestern Corp)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.7 2.10 or are is repaid in accordance with this AgreementSection 2.07. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.07 or (yb) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period (or, if no Interest Period is specified in such Conversion/Continuation Notice, continuation shall be for a one (1) month Interest Period). Subject to the terms of Section 2.42.06, the Borrower Representative may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurodollar Advance. Subject to the payment of any funding indemnification amounts required by Section 3.04, the Borrower may elect from time to time to convert all or any part of a Floating Rate Eurodollar Advance into a Eurodollar Advance on behalf of the applicable Borroweran Alternate Base Rate Advance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or the continuation of a Eurodollar Advance as a new Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days 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, continuation and (iiiy) the amount conversion of such Advance which is to be converted into or continued as a Eurodollar Advance and into an Alternate Base Rate Advance, not later than 11:00 a.m. (New York time) on the duration date of the Interest Period applicable thereto.requested conversion, in each case specifying:

Appears in 1 contract

Samples: Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.8 or are repaid in accordance with this AgreementSection 2.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.6 or (y) the Borrower Representative shall have given the Agent Lender a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.5, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent Lender irrevocable telephonic or written notice in the form of attached hereto as Exhibit B F (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago Indianapolis time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable Borrower. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Action Performance Companies Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable Borrower. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.. A&R CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources 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 unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.9 or are repaid in accordance with this AgreementSection 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.7 or (y) the Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the Borrower Representative may elect from time to time to convert all or any part of an Advance of any Type (other than a Floating Rate Swing Line Advance) into any other Type or Types of Advances; provided that any conversion of any Eurodollar Advance into shall be made on, and only on, the last day of the Interest Period applicable 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 at the direction of the Required Lenders), by notice to the Borrower, declare that no Advance may be made, converted or continued as a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago Chicago, Illinois time) at least one (1) Business Day, in the case of a conversion into a Floating Rate Advance, or three (3) Business Days Days, in the 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.specifying:

Appears in 1 contract

Samples: Credit Agreement (Chemed Corp)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into Eurodollar Advances a Eurocurrency Advance pursuant to this Section 2.7 2.9 or are is repaid in accordance with this AgreementSection 2.7. Each Eurodollar XXXXX Advance shall continue as a Eurodollar XXXXX Advance unless and until such XXXXX Advance is repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance Eurocurrency Advance, if denominated in Dollars shall be automatically converted into a Floating an Alternate Base Rate Advance or, if denominated in Euro, be exchanged for an Equivalent amount of Dollars and converted into an Alternate Base Rate Advance, unless (xa) such Eurodollar Eurocurrency Advance is or was repaid in accordance with this Agreement Section 2.7 or (yb) the applicable Borrower Representative shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.42.6, the applicable Borrower Representative may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency 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 Floating Eurocurrency Advance denominated in Dollars into an Alternate Base Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The applicable Borrower Representative shall give the Administrative Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Eurocurrency Advance or the continuation of a Eurodollar Eurocurrency Advance as a new Eurocurrency Advance not later than 10:00 11:00 a.m. (Chicago New York time) at least three (3) Business Days prior to the date of the requested conversion or continuationcontinuation and (y) conversion of a Eurocurrency Advance into an Alternate Base Rate Advance, specifying not later than 12:00 p.m. (iNew York time) on the date of the requested dateconversion, 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.in each case specifying:

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit EXHIBIT B (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days 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 of such Advance which is to be converted into or continued as a Eurodollar Advance (provided that the amounts set forth in Section 2.4 shall be complied with), and (iv) the duration of the Interest Period applicable thereto. In each Conversion/Continuance Notice, the Borrower shall designate whether any Advance is a Fixed Asset Advance or a Capex Advance.

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 2.10 or are repaid in accordance with this AgreementSection 2.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement Section 2.8 or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.42.7, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance on behalf of the applicable BorrowerAdvance. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying 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 of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto. 2.11.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

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