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

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 6 contracts

Samples: Term Loan Agreement (Duke Realty Corp), Revolving Credit Agreement (Duke Realty Corp), Revolving Credit Agreement (Duke Realty Corp)

AutoNDA by SimpleDocs

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefortherefore, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice Notice” requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Chicago Cleveland, Ohio time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 5 contracts

Samples: Credit Agreement (Retail Properties of America, Inc.), Credit Agreement (Inland Western Retail Real Estate Trust Inc), Credit Agreement (Inland Western Retail Real Estate Trust Inc)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances of a Class shall continue as ABR Floating Rate Advances of such Class unless and until such ABR Floating Rate Advances are converted into LIBOR AdvancesRate Advances of the same Class. Each LIBOR Rate Advance of a Class shall continue as a LIBOR Rate Advance of such Class until the end of the then applicable Interest Period therefortherefore, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance of the same Class unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice Notice” requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance of the same Class for the same or another Interest PeriodPeriod or be converted to an Advance of another Type but of the same Class. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an a Floating Rate Advance of any Type a Class into any other Type a LIBOR Rate Advance of Advancethe same Class and vice versa; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Chicago Cleveland, Ohio time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 4 contracts

Samples: Assignment Agreement (Retail Properties of America, Inc.), Credit Agreement (Kite Realty Group, L.P.), Assignment Agreement (Retail Properties of America, Inc.)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.5, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 11:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 3 contracts

Samples: Assignment Agreement (Glimcher Realty Trust), Assignment Agreement (Glimcher Realty Trust), Assignment Agreement (Glimcher Realty Trust)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue either continues as a LIBOR Advance for the same or another Interest PeriodPeriod or be repaid. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided provided, however, that any conversion of any LIBOR Advance shall may be made on, and only on, the last day of the Interest Period applicable thereto, and further provided that the aggregate number of LIBOR Advances outstanding at any one time shall not exceed five (5). The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (noon, Chicago time) , at least one (1) Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or three (3) Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 3 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 11:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 3 contracts

Samples: Credit Agreement (Glimcher Realty Trust), Credit Agreement (Glimcher Realty Trust), Credit Agreement (Glimcher Realty Trust)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance shall continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.8SECTION 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable theretothereto unless Borrower pays the applicable Break-up Fee. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Assignment Agreement (Centerpoint Properties Trust), Assignment Agreement (Centerpoint Properties Trust)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance either continue as a LIBOR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto, that a Revolving Advance can only be converted into another Type of Revolving Advance, and that a Term Advance can only be converted into another Type of Term Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Senior Credit Agreement (Terreno Realty Corp), Senior Credit Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.5, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 11:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Term Loan Agreement (Glimcher Realty Trust), Term Loan Agreement (Glimcher Realty Trust)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance either continue as a LIBOR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Senior Revolving Credit Agreement (Terreno Realty Corp), Senior Revolving Credit Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice Notice” requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an a Floating Rate Advance of any Type into any other Type of Advancea LIBOR Rate Advance and vice versa; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Chicago New York, New York time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Retail Properties of America, Inc.)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance either continue as a LIBOR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto, that a Revolving Advance can only be converted into another Type of Revolving Advance, that a Term A Advance can only be converted into another Type of Term A Advance and that a Term B Advance can only be converted into another Type of Term B Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Senior Credit Agreement (Terreno Realty Corp), Senior Credit Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one (1) Business Day, in the case of a conversion into an ABR Advance, or three (3) Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Duke Realty Limited Partnership/), Revolving Credit Agreement (Duke Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.9, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Inland Diversified Real Estate Trust, Inc.), Credit Agreement (Inland Diversified Real Estate Trust, Inc.)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section SECTION 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Duke Weeks Realty Limited Partnership)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR AdvancesAdvances pursuant to this Section 2.15 or are repaid. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the (x) such LIBOR Advance is or was repaid or (y) Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (defined below) requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an a Base Rate Advance of any Type into any other Type of a LIBOR Advance; provided that any conversion of any LIBOR each Advance shall be made on, and only on, the last day a minimum aggregate amount of the Interest Period applicable thereto$1,000,000 or any larger integral multiple thereof. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an a Base Rate Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, Days prior to the date of the requested conversion or continuation, specifying:: the requested date, which shall be a Business Day, of such conversion or continuation, the aggregate amount and Type of the Advance which is to be converted or continued and the amount of such Advance which is to be converted into or continued as a LIBOR Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

Conversion and Continuation of Outstanding Advances. With respect --------------------------------------------------- to the Revolving Loans, ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR AdvancesAdvances pursuant to this Section 2.9 or repaid in accordance with Section 2.7. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the such LIBOR Advance is or was repaid in accordance with Section 2.7 or Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an ABR Advance of any Type under the Revolving Loan Commitment into any other Type of a LIBOR Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Indianapolis time) at least one three (3) Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Finish Line Inc /De/)

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Duke Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Advances --------------------------------------------------- shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert ----------- all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") ------------------------------ of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. noon (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (National Golf Properties Inc)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefortherefore, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 11:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Glimcher Realty Trust)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR LIBORSOFR Advances. Each LIBOR LIBORTerm SOFR Advance shall continue as a LIBOR LIBORTerm SOFR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR LIBORTerm SOFR Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR LIBORTerm SOFR Advance either continue as a LIBOR LIBORTerm SOFR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR LIBORTerm SOFR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto, that a Revolving Advance can only be converted into another Type of Revolving Advance, and that a Term Advance can only be converted into another Type of Term Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBORTerm SOFR Advance or continuation of a LIBOR LIBORTerm SOFR Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR LIBORDaily Simple SOFR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Senior Credit Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an a ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue either continues as a LIBOR Advance for the same or another Interest PeriodPeriod or be repaid. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided provided, however, that any conversion of any LIBOR Advance shall may be made on, and only on, the last day of the Interest Period applicable thereto, and further provided that the aggregate number of LIBOR Advances outstanding at any one time shall not exceed five (5). The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day11:00 a.m., in New York time on the case day of a conversion into an ABR Advance, or 1:00 p.m., New York time, at least three (3) Business Days, in Days prior to the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (MDC Holdings Inc)

Conversion and Continuation of Outstanding Advances. With respect to --------------------------------------------------- the Revolving Loans, ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR AdvancesAdvances pursuant to this Section 2.9 or repaid in accordance with Section 2.7. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the such LIBOR Advance is or was repaid in accordance with Section 2.7 or Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an ABR Advance of any Type under the Revolving Loan Commitment into any other Type of a LIBOR Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Indianapolis time) at least one three (3) Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /De/)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR AdvancesAdvances pursuant to this Section 2.9 or are repaid. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the (x) such LIBOR Advance is or was repaid or (y) Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (defined below) requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an a Base Rate Advance of any Type into any other Type of a LIBOR Advance; provided that any conversion of any LIBOR each Advance shall be made on, and only on, the last day a minimum aggregate amount of the Interest Period applicable thereto$1,000,000 or any larger integral multiple thereof. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an a Base Rate Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, Days prior to the date of the requested conversion or continuation, specifying:: the requested date, which shall be a Business Day, of such conversion or continuation, the aggregate amount and Type of the Advance which is to be converted or continued and the amount of such Advance which is to be converted into or continued as a LIBOR Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Assignment Agreement (Ipalco Enterprises Inc)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

AutoNDA by SimpleDocs

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR AdvancesAdvances pursuant to this Section 2.14 or are repaid. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless (x) such LIBOR Advance is or was repaid or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (defined below) requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the The Borrower may elect from time to time to convert all or any part of an a Base Rate Advance of any Type (other than Swing Line Loans) into any other Type of a LIBOR Advance; provided that any conversion of any LIBOR each Advance shall be made on, and only on, the last day a minimum aggregate amount of the Interest Period applicable thereto$1,000,000 or any larger integral multiple thereof. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an a Base Rate Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, 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 LIBOR Advance and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.9, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Storage Usa Inc)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until i the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue either continues as a LIBOR Advance for the same or another Interest PeriodPeriod or be repaid. Subject to the terms of Section 2.82.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided provided, however, that any conversion of any LIBOR Advance shall may be made on, and only on, the last day of the Interest Period applicable thereto, and further provided that the aggregate number of LIBOR Advances outstanding at any one time shall not exceed five (5). The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (noon, Chicago time) , at least one (1) Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or three (3) Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (MDC Holdings Inc)

Conversion and Continuation of Outstanding Advances. ABR . Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest Period. Subject Period or be converted to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made onanother Type. Borrower may convert or renew the current Interest Rate Option applicable to existing Loans, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give by notifying the Administrative Agent irrevocable notice Agent, not later than noon, Eastern time, three (3) Business Days prior to the proposed effective date of such conversion/continuation, in writing in the form of Exhibit G or by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Conversion/Continuation Notice”) ), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Conversion/Continuation Notice shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each conversion Borrowing Tranche, and, if applicable, the Interest Period. The Administrative Agent shall notify the Lenders of an Advance or continuation its receipt of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior any such Conversion/Continuation Notice pursuant to the date terms of the requested conversion or continuation, specifying:Section 2.13.

Appears in 1 contract

Samples: Term Loan Agreement (Associated Estates Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefortherefore, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice Notice” requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an a Floating Rate Advance of any Type into any other Type of Advancea LIBOR Rate Advance and vice versa; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Chicago Cleveland, Ohio time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Retail Properties of America, Inc.)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance either continue as a LIBOR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section SECTION 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Duke Weeks Realty Limited Partnership)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 11:00 a.m. (Chicago Cleveland time) ), at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Associated Estates Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.9, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/"Conversion/ Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Susa Partnership Lp)

Conversion and Continuation of Outstanding Advances. ABR Advances --------------------------------------------------- shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.8, the Borrower may elect from time to time to convert ----------- all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. noon (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (National Golf Properties Inc)

Conversion and Continuation of Outstanding Advances. ABR Prime Advances (other than Swing Line Loans) shall continue as ABR Prime Advances unless and until such ABR Prime Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Prime Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance shall continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type (other than a Swing Line Loan) into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable theretothereto unless Borrower pays the applicable Break-up Fee. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a Prime Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Centerpoint Properties Trust)

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into LIBOR Rate Advances. Each LIBOR Rate Advance shall continue as a LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Rate Advance shall be automatically converted into an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Rate Advance either continue as a LIBOR Rate Advance for the same or another Interest Period. Subject Period or be converted to the terms of Section 2.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made onanother Type. Borrower may convert or renew the current Interest Rate Option applicable to existing Loans, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give by notifying the Administrative Agent irrevocable notice Agent, not later than noon, Eastern time, three (3) Business Days prior to the proposed effective date of such conversion/continuation, in writing in the form of Exhibit G or by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Conversion/Continuation Notice”) ), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Conversion/Continuation Notice shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each conversion Borrowing Tranche, and, if applicable, the Interest Period. The Administrative Agent shall notify the Lenders of an Advance or continuation its receipt of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior any such Conversion/Continuation Notice pursuant to the date terms of the requested conversion or continuation, specifying:Section 2.13.

Appears in 1 contract

Samples: Term Loan Agreement (Associated Estates Realty Corp)

Conversion and Continuation of Outstanding Advances. ABR Prime Advances (other than Swing Line Loans) shall continue as ABR Prime Advances unless and until such ABR Prime Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a Prime Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance shall continue as a LIBOR Advance for the same or another LIBOR Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type (other than a Swing Line Loan) into any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable theretothereto unless Borrower pays the applicable Break-up Fee. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a Prime Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances --------------------------------------------------- shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR a CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as a an LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.82.7, the Borrower may elect from time to time to convert all or any part ----------- of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ------------------------------ Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an ABR a CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Washington Real Estate Investment Trust)

Conversion and Continuation of Outstanding Advances. ABR CBR Advances shall continue as ABR CBR Advances unless and until such ABR CBR Advances are converted into LIBOR Advances. Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into an ABR continue as a LIBOR Advance for the same Interest Period unless the Borrower shall have given delivered to the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such specifying a different Interest Period, such Period or that said LIBOR Advance continue as be converted to a LIBOR Advance for the same or another Interest PeriodCBR Advance. Subject to the terms of Section 2.82.9, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of AdvanceAdvances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The In the event Borrower shall elect to convert a CBR Advance or a LIBOR Advance or to continue a LIBOR Advance with a different Interest Period, the Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance or continuation of a LIBOR Advance such election not later than 10:00 11:00 a.m. (Chicago Charlotte time) at least one Business Day, in the case of a conversion into an ABR CBR Advance, or three Business Days, in the case of a conversion into or continuation of a LIBOR AdvanceAdvance with a different Interest Period, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Susa Partnership Lp)

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