Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option: (i) to convert at any time all or any part of any Term Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan. (b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 3 contracts
Sources: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Representative shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Representative shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Revolving Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Representative shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower Representative shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 3 contracts
Sources: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.33 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Borrowers shall have the option:
(i) to convert at any time all or any part of any Term Loan, Incremental Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Borrowers shall pay all amounts due under Section 2.17 2.33 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Borrowers shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 3:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Borrowers shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; providedPROVIDED, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Vca Antech Inc), Credit and Guaranty Agreement (Vca Antech Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver by telefacsimile, electronic communication (in pdf format) or hand delivery a fully executed Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (i) 2:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and (ii) 12:00 p.m. (New York City time) at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Credit and Guaranty Agreement (Boise Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 and so So long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted into a Base Rate Loan on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless if Borrower shall pay all amounts due under Section 2.17 2.16 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. A.M. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Allegiance Telecom Inc), Credit and Guaranty Agreement (Allegiance Telecom Inc)
Conversion/Continuation. (a) Subject to Section 2.17 SECTION 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar LIBOR Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 SECTION 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar LIBOR Rate Loan, to continue all or any portion of such Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar LIBOR Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar LIBOR Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar LIBOR Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Taleo Corp), Credit and Guaranty Agreement (Taleo Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Kraton Polymers LLC), Credit and Guaranty Agreement (Kraton Polymers LLC)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (AbitibiBowater Inc.), Credit and Guaranty Agreement (AbitibiBowater Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 3,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; providedprovided that, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 3,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/conversion or continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all of any Term Loan or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount amount, from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all of such Loan or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City London time) at least one two Business Day Days in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) four Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (3com Corp), Credit and Guaranty Agreement (3com Corp)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or 2.18 and, if an Event of Default shall have occurred and then be continuing, Borrower so long as Administrative Agent has not suspended the rights set forth in this Section 2.9(a) by notice in writing to Company, Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/conversion or continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan)date. Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Houghton Mifflin Co), Credit and Guaranty Agreement (Hm Publishing Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: First Lien Credit and Guaranty Agreement (X Rite Inc), First Lien Credit and Guaranty Agreement (X Rite Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver by telefacsimile, electronic communication (in pdf format) or hand delivery a fully executed Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (i) 2:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and (ii) 12:00 p.m. (New York City time) at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Second Lien Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Second Lien Credit and Guaranty Agreement (Boise Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base an Index Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (American Reprographics CO), Credit and Guaranty Agreement (American Reprographics CO)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part portion of any the Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar LIBOR Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.16 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar LIBOR Rate Loan, to continue all or any portion of such LIBOR Rate Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar LIBOR Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 2:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar LIBOR Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar LIBOR Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Financing Agreement (Federal Signal Corp /De/), Financing Agreement (Federal Signal Corp /De/)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: First Lien Credit and Guaranty Agreement (Telvent Git S A), Credit and Guaranty Agreement (Telvent Git S A)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Subject to Section 3.2(c), Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Senior Secured Super Priority Debtor in Possession and Exit Credit and Guaranty Agreement (Tronox Inc), Senior Secured Super Priority Debtor in Possession and Exit Credit and Guaranty Agreement
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower NewPageCo shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower NewPageCo shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower NewPageCo shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower NewPageCo shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Revolving Credit and Guaranty Agreement (NewPage CORP), Revolving Credit and Guaranty Agreement (NewPage CORP)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Vca Antech Inc), Credit and Guaranty Agreement (Vca Antech Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.14 and so long as no Default or Event of Default shall have occurred and then be continuingcontinuing unless Requisite Lenders consent to permit such conversion or continuation, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.14 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Exopack Holding Corp), Credit and Guaranty Agreement (Exopack Holding Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower the Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Term Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower the Company shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower the Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Tesoro Petroleum Co Inc), Credit Agreement (Calpine Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.19 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.19 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 11:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date Conversion/Continuation Notice (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversionConversion/continuation date Continuation Date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Conversion/ Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Berry Plastics Corp), Credit and Guaranty Agreement (BPC Holding Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Mariner Health Care Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate an ABR Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Douglas Dynamics, Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.22 and so long as no Default or Event of Default shall have occurred and then be continuing, the applicable Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 250,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Borrowers shall pay all amounts due under Section 2.17 2.22 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 250,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The applicable Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent Lender no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Tumi Holdings, Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, irrevocable on and after the related Interest Rate Determination Date and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a -------- Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 750,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 750,000 in excess of that amount as a Eurodollar Rate Loan.
(b) . Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.14 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.14 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) . Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Movie Gallery Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate an ABR Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Douglas Dynamics, Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuingContinuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan the Loans equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided that a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 2.16(c) in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate LoanLoans, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate LoanLoans.
(b) Upon the occurrence of an Event of Default, each outstanding Eurodollar Rate Loan shall be converted to a Base Rate Loan upon the expiration of the applicable Interest Period.
(c) The Borrower shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/conversion to or continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan)Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans. Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.20 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.20 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 11:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date Conversion/Continuation Notice (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversionConversion/continuation date Continuation Date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Conversion/ Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.14 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.14 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no 2.18 (and, if a Default or Event of Default shall have occurred and then be continuing, Borrower the Administrative Agent has not provided notice to the contrary), Borrowers shall have the option:
(i) to convert at any time all or any part of any Domestic Tranche C Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the applicable Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of each applicable amount as a Eurodollar Rate Loan in excess of that amount as a Eurodollar Rate Loan.
(b) The U.S. Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City timeLocal Time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan); provided that, European Term Loans and European Revolving Loans may only be continued as Eurodollar Rate Loans. Except as otherwise provided herein, a Conversion/Continuation Notice for conversion toto (solely with respect to Domestic Loans), or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Borrowers shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: First Lien Credit and Guaranty Agreement (Solera Holdings LLC)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1.0 million and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1.0 million and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Medical Device Manufacturing, Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Term Loan to another Type of Term Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Term Loan and Guaranty Agreement (Fedders Corp /De)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Second Lien Credit and Guaranty Agreement (Gentek Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 3,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 3,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City Chicago time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, irrevocable on and Borrower after the date given and Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Payless Shoesource Inc /De/)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.16 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Carmike Cinemas Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Mariner Health Care Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Services International LLC)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) . Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Second Lien Credit and Guaranty Agreement (Movie Gallery Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Subject to Section 3.2(b), Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Valeant Pharmaceuticals International)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a -------- Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.16(c) in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Ipc Acquisition Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Borrowers shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Borrowers shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Borrowers shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 noon (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Borrowers shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Eagle Rock Energy Partners, L.P.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan or Hedge L/C Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan the Loans equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of LoanLoan (or such lesser amount as shall be agreed to by Company and Administrative Agent or as shall constitute the aggregate amount of the Type of Loans to be converted); provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate LoanLoan (or such lesser amount as shall be agreed to by Company and Administrative Agent or as shall constitute the aggregate amount of the Type of Loans to be continued).
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 noon (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Energy Transfer Partners, L.P.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and (with respect to continuations of, or conversions into, Eurodollar Rate Loans) so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 500,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.19 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.19 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) . Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: First Lien Credit and Guaranty Agreement (Movie Gallery Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Stanadyne Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:: FIRST LIEN CREDIT AND GUARANTY AGREEMENT 824323-New York Server 7A EXECUTION
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base an Index Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (American Reprographics CO)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar LIBOR Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar LIBOR Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar LIBOR Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar LIBOR Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar LIBOR Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (U S Energy Systems Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1.0 million and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1.0 million and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 11:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereofthereof (which telephonic notice shall be promptly confirmed in writing)) shall be irrevocable, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewiththerewith or shall pay any amounts due under Section 2.18(c) incurred as a result of the failure to convert or continue a Eurodollar Rate Loan.
Appears in 1 contract
Sources: Credit and Guaranty Agreement
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (American Reprographics CO)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 noon (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereofthereof to be confirmed in writing) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)
Conversion/Continuation. (a) Subject to Section 2.17 2.33 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.33 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan Loan, equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount amount, as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one three Business Day Days in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Second Lien Credit and Guaranty Agreement (Paramount Acquisition Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.33 and so long as no Default or Event of Default shall have occurred and then be continuing, the Lead Borrower shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower the Borrowers shall pay all amounts due under Section 2.17 2.33 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan Loan, if a Revolving Loan, equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount amount, as a Eurodollar Rate Loan.
(b) The Lead Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 p.m. (New York City time) at least one three Business Day Days in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Lead Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.14 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided that a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.14 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Eurodollar Rate Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate an ABR Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Douglas Dynamics, Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar LIBORSOFR Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar LIBORSOFR Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar LIBORSOFR Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar LIBORSOFR Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar LIBORSOFR Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar LIBORSOFR Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Term Loan to another Type of Term Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.16 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Eurodollar Rate Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 noon. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Xo Communications Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.33 and so long as no Default or Event of Default shall have occurred and then be continuing, the applicable Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 250,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Borrowers shall pay all amounts due under Section 2.17 2.33 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 250,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The applicable Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Tumi Holdings, Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuingcontinuing (which the Requisite Lenders have notified Company of to prevent the following), Borrower Company shall have the option:
(i) to convert at any time all or any part of any Tranche B Term Loan or Revolving Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; providedPROVIDED, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent (which shall promptly give notice by telefacsimile or telephone (promptly confirmed by telefacsimile to the Lenders)) no later than 10:00 a.m. 2:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a 45 Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Carters Imagination Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower the Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower the Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower the Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (American Achievement Corp)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, the applicable Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of -------- the Interest Period applicable to such Eurodollar Rate Loan unless the applicable Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The applicable Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuingContinuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan the Loans equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided that a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 2.16(cd) in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate LoanLoans, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate LoanLoans.
(b) Upon the occurrence and during the continuance of an Event of Default, each outstanding Eurodollar Rate Loan shall be converted to a Base Rate Loan upon the expiration of the applicable Interest Period.
(c) The Borrower shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/conversion to or continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan)Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans. Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Amended and Restated Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.33 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any (x) Term Loan equal to $2,000,000 5,000,000 and integral multiples of $1,000,000 in excess of that amount or (y) Revolving Loan equal to $500,000 and integral multiples of $250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, provided a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.33 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan Loan, if (x) a Term Loan, equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount and, if (y) a Revolving Loan, equal to $500,000 and integral multiples of $250,000 in excess of that amount, as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one three Business Day Days in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: First Lien Credit and Guaranty Agreement (Paramount Acquisition Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuingContinuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan the Loans equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, that a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 2.16(c) in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate LoanLoans, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate LoanLoans.
(b) Upon the occurrence of an Event of Default, all outstanding Eurodollar Rate Loans shall be converted to Base Rate Loans.
(c) The Borrower shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.16 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.16 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Nextlink Communications Inc /De/)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Unsecured Credit and Guaranty Agreement (CVR Energy Inc)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 $ 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; providedPROVIDED, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 and integral multiples of $500,000 $ 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Veterinary Centers of America Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower NewPageCo shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower NewPageCo shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower NewPageCo shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower NewPageCo shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Term Loan Credit and Guaranty Agreement (NewPage CORP)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower the Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower the Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower the Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Bell Powersports, Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 and so long as no Default or Event of Default shall have occurred and then be continuing, the Borrower shall have the option:
(i) to convert at any time all or any part of any Term Revolving Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless the Borrower shall pay all amounts due under Section 2.17 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) The Borrower shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 10:00 a.m. noon (New York City time) at least one Business Day in advance on the date of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversionConversion/continuation date Continuation Date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, irrevocable and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.
(c) Notwithstanding anything to the contrary in the foregoing, no conversion in whole or in part to a Eurodollar Rate Loan shall be permitted at any time at which (i) a Default or Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, a Eurodollar Rate Loan would violate any provision of Sections 2.17 or 2.18. Protective Advances may not be converted to Eurodollar Rate Loans under any circumstances.
Appears in 1 contract
Sources: Revolving Credit Agreement (Source Interlink Companies Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.14 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of LoanType; provided, a Eurodollar Rate RateSOFR Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate RateSOFR Loan unless Borrower shall pay all amounts due under Section 2.17 2.14 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate RateSOFR Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate RateSOFR Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 noon (New York City time) at least one Business Day in advance of on the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate RateSOFR Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate RateSOFR Loans (or telephonic notice in lieu thereofthereof to be confirmed in writing) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith. Any conversion/continuation date shall be a Business Day.
Appears in 1 contract
Sources: Credit Agreement (Sculptor Capital Management, Inc.)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Second Lien Credit and Guaranty Agreement (X Rite Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) : to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) or upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 250,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Second Lien Credit and Guaranty Agreement (X Rite Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.19 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount from one Type of Loan to another Type of Loan; providedPROVIDED, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.19 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 500,000 and integral multiples of $500,000 100,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 11:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date Conversion/Continuation Notice (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversionConversion/continuation date Continuation Date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Conversion/ Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Berry Plastics Corp)
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower the Company shall have the option:
(i) to convert at any time all or any part of any Term Loan in Dollars equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Eurocurrency Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Eurocurrency Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Eurocurrency Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 or E1,000,000 and integral multiples of $500,000 1,000,000 or E1,000,000 in excess of that amount as a Eurodollar Eurocurrency Rate Loan.
(b) Borrower The Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City timeLocal Time) at least one Business Day in advance of on the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Eurocurrency Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Eurocurrency Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower the Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.15 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Subject to Section 3.2(c), Borrower shall deliver a Conversion/Conversion/ Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower Company shall have the option:
(i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower Company shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower Company shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: First Lien Credit and Guaranty Agreement (X Rite Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.21 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.21 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 1,000,000 and integral multiples of $500,000 1,000,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 11:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Senior Secured Superpriority Debtor in Possession Credit Agreement (Lehman Brothers Holdings Inc)
Conversion/Continuation. (a) Subject to Section 2.17 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:
(i) to convert at any time all or any part of any Term Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.17 2.18 in connection with any such conversion; or
(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $2,000,000 2,500,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan.
(b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. 12:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocableirrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)