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

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance shall continue as an ABR Advance unless and until such ABR Advance is converted into a Eurodollar Advance in accordance with this Section 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 continued as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Advance for another Interest Period 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 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar 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 substantially the form of Exhibit G hereto (a “Rate Option Notice”) of each conversion of an ABR Advance into a Eurodollar Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advance, specifying:

Appears in 4 contracts

Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/)

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Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Advances shall continue as an ABR Advance Advances unless and until such ABR Advance is Advances are converted into a Eurodollar Advance in accordance with Advances pursuant to this Section 2.2.4 or is prepaid are repaid in accordance with Section 2.62.7. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Advance for another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance unless (i) such Eurodollar Ratable Advance is or was repaid in accordance with this Section 2.2.42.7 or (ii) the Borrower to which such Eurodollar Ratable Advance was made shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.52.6, the each Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of an ABR Advance made to such Borrower into a Eurodollar Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Such Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option Conversion/Continuation Notice”) of each conversion of an ABR Advance into a Eurodollar Advance, Ratable Advance or continuation of a Eurodollar Ratable Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 3 contracts

Samples: Credit Agreement (Nationwide Financial Services Inc/), Five Year Credit Agreement (Nationwide Financial Services Inc/), 364 Day Credit Agreement (Nationwide Financial Services Inc/)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into a Floating Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.6, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least three Business Days, in the case of a conversion into or the conversion continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 2 contracts

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

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances (other than Swing Line Loans) shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are either converted into a Eurodollar Advance Ratable Advances in accordance with this Section 2.2.4 or is prepaid are repaid in accordance with Section 2.62.7. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as converted into a Eurodollar Floating Rate Advance with an Interest Period of one month unless (x) such Eurodollar Ratable Advance shall have been either (a) prepaid is or was repaid in accordance with Section 2.62.8 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, (b) continued at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.7, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Ratable Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Amli Residential Properties Trust), Ratable Note (Amli Residential Properties Trust)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Advances shall continue as an ABR Advance Advances unless and until such ABR Advance is Advances are converted into a Eurodollar Advance Advances pursuant to this SECTION 2.2.4 or are repaid in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6SECTION 2.7. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Advance for another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance unless (i) such Eurodollar Ratable Advance is or was repaid in accordance with this Section 2.2.4SECTION 2.7 or (ii) the Borrower to which such Eurodollar Ratable Advance was made shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.5SECTION 2.6, the each Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of an ABR Advance made to such Borrower into a Eurodollar Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Such Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option Notice”"CONVERSION/CONTINUATION NOTICE") of each conversion of an ABR Advance into a Eurodollar Advance, Ratable Advance or continuation of a Eurodollar Ratable Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 2 contracts

Samples: Day Credit Agreement (Nationwide Financial Services Inc/), Credit Agreement (Nationwide Financial Services Inc/)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Advances shall continue as an ABR Advance Advances unless and until such ABR Advance is Advances are converted into a Eurodollar Advance in accordance with Advances pursuant to this Section 2.2.4 or is prepaid are repaid in accordance with Section 2.62.7. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Advance for another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance unless (i) such Eurodollar Ratable Advance is or was repaid in accordance with this Section 2.2.42.7 or (ii) the Borrower to which such Eurodollar Ratable Advance was made shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.52.6, the each Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of an ABR Advance made to such Borrower into a Eurodollar Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Such Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option Conversion/Continuation Notice”) of each conversion of an ABR Advance into a Eurodollar Advance, Ratable Advance or continuation of a Eurodollar Ratable Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. 11:00 a.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 2 contracts

Samples: Assignment Agreement (Nationwide Financial Services Inc/), Year Credit Agreement (Nationwide Financial Services Inc/)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Alternate Base Rate Advances shall continue as an ABR Advance Alternate Base Rate Advances unless and until such ABR Advance is Alternate Base Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into an Alternate Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.7, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an Alternate Base Rate Advance, or at least three Business Days, in the case of a conversion into or continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo), Credit Agreement (Ralcorp Holdings Inc /Mo)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are either converted into a Eurodollar Advance Ratable Advances in accordance with this Section 2.2.4 or is are prepaid in accordance with Section 2.62.8. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as converted into a Eurodollar Floating Rate Advance with an Interest Period of one month unless such Eurodollar Ratable Advance shall have been either (a) prepaid in accordance with Section 2.6, 2.8 or (b) continued as a Eurodollar Ratable Advance for another Eurodollar Interest Period 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 2.52.7, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance into another Rate Option; provided provided, that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a "Rate Option Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Ratable Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (National Computer Systems Inc)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically continued as converted into a Floating Rate Advance unless the Company shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Advance with an Interest Period of one month unless Period, such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued continue as a Eurodollar Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) be converted into an ABR Advance in accordance with this Section 2.2.4a Floating Rate Advance. Subject to the terms of Section 2.52.4.2, the Borrower Company may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of one Rate Option into a Ratable Advance of another Rate OptionOption(s); provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable theretothereto and no portion of the outstanding principal amount of any Ratable Advance may be continued as, or be converted into, a Eurodollar Advance when any Default or Unmatured Default has occurred and is continuing. The Borrower Company shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days, in the case of a conversion into or continuation of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Brown Forman Corp)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Alternate Base Rate Advances shall continue as an ABR Advance Alternate Base Rate Advances unless and until such ABR Advance is Alternate Base Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into an Alternate Base Rate Advance unless the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.6, the either Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided provided, that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The applicable Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least three Business Days, in the case of a conversion into or the conversion continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Midas Inc)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are either converted into a Eurodollar Advance Ratable Advances in accordance with this Section 2.2.4 or is prepaid are repaid in accordance with Section 2.62.7. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as converted into a Eurodollar Floating Rate Advance with an Interest Period of one month unless (x) such Eurodollar Ratable Advance shall have been either (a) prepaid is or was repaid in accordance with Section 2.62.7 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, (b) continued at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.6, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Floating Rate Advance into another Rate Option; provided that any conversion or continuation of any a Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoRatable Advance. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Ratable Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Alternate Base Rate Advances shall continue as an ABR Advance Alternate Base Rate Advances unless and until such ABR Advance is Alternate Base Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into an Alternate Base Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.7, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an Alternate Base Rate Advance, or at least three Business Days, in the case of a conversion into or continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Alternate Base Rate Advances shall continue as an ABR Advance Alternate Base Rate Advances unless and until such ABR Advance is Alternate Base Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into an Alternate Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.7, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least three Business Days, in the case of a conversion into or the conversion continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Green Tree Financial Corp)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are either converted into a Eurodollar Advance Ratable Advances in accordance with this Section 2.2.4 or is prepaid are repaid in accordance with Section 2.6. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as converted into a Eurodollar Floating Rate Advance with an Interest Period of one month unless (x) such Eurodollar Ratable Advance shall have been either (a) prepaid is or was repaid in accordance with Section 2.62.6 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, (b) continued at the end of such Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Floating Rate Advance into another Rate Option; provided that any conversion or continuation of any a Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoRatable Advance. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Ratable Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Alliant Energy Corp)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances (other than Swing Line Loans) shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are converted into a Eurodollar Advance in accordance with Ratable Advances pursuant to this Section 2.2.4 2.9 or is prepaid are repaid in accordance with Section 2.62.5. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued as converted into a Eurodollar Floating Rate Advance with an Interest Period of one month unless (x) such Eurodollar Ratable Advance shall have been either (a) prepaid is or was repaid in accordance with Section 2.62.5 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, (b) continued at the end of such Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Ratable Advance for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.5, the Borrower Company may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate Advance (other than a Swing Line Loan) or into a Eurodollar Ratable Advance into another Rate Option; provided that any conversion or continuation of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Borrower Company shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Advance, Ratable Advance or continuation of a Eurodollar Ratable Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. 11:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Alternate Base Rate Advances shall continue as an ABR Advance Alternate Base Rate Advances unless and until such ABR Advance is Alternate Base Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into an Alternate Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.7, the Borrower ----------- may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any -------- conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance not later than 10:00 a.m. (Chicago time) at least one Business Day, in the case of a conversion into an Alternate Base Rate Advance, or at least three Business Days, in the case of a conversion into or continuation of a Eurodollar Advance into an ABR Ratable Advance, not later than 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

Conversion and Continuation of Outstanding Ratable Advances. Each ABR Advance Floating Rate Advances shall continue as an ABR Advance Floating Rate Advances unless and until such ABR Advance is Floating Rate Advances are converted into a Eurodollar Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6Ratable Advances. Each Eurodollar Ratable Advance shall continue as a Eurodollar Ratable Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Ratable Advance shall be automatically continued converted into a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Ratable Advance continue as a Eurodollar Advance with an Interest Period of one month unless such Eurodollar Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Eurodollar Ratable Advance for the same or another Eurodollar Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4Period. Subject to the terms of Section 2.52.6, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance of any Type into another Rate Optionany other Type or Types of Ratable Advances; provided that any conversion or continuation of any Eurodollar Ratable Advance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option "Conversion/Continuation Notice") of each conversion of an ABR a Ratable Advance into a Eurodollar Advance, or continuation of a Eurodollar Ratable Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 1:00 p.m. 11:00 a.m. (New York time) (x) on at least three Business Days, in the Business Day case of the a conversion into or continuation of a Eurodollar Advance into an ABR Advance or (y) at least two Business Days Ratable Advance, prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Advancecontinuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Cna Surety Corp)

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