Common use of Conversion of Loans Clause in Contracts

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 7 contracts

Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Teco Energy Inc), Credit Agreement (Teco Energy Inc)

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Conversion of Loans. Borrower may convert any Revolving Loan from one Type of Revolving Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2E-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 5 contracts

Samples: Assignment and Assumption (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Loan Borrowing from one Type of Loan Borrowing to another the other Type; provided, however, that (i) any conversion of a Borrowing consisting of LIBOR Loans into a Borrowing consisting of Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a an irrevocable written notice to Administrative Agent in the form of Exhibit C-2B, appropriately completed (a "Notice of Conversion of Loan Type”Conversion"), which specifies, among other things:

Appears in 4 contracts

Samples: Security Agreement (Indus International Inc), Credit Agreement (Indus International Inc), Credit Agreement (Silicon Valley Group Inc)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 3 contracts

Samples: Credit Agreement (Teco Energy Inc), Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2E-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 3 contracts

Samples: Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co), Credit Agreement (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Revolving Loan from one Type of Revolving Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate ABR Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2D-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 2 contracts

Samples: Assignment and Assumption (Teco Energy Inc), Assignment and Assumption (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base ABR Loans or Federal Funds Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 2 contracts

Samples: Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate ABR Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 2 contracts

Samples: Credit Agreement (Teco Energy Inc), Loan Agreement (Teco Energy Inc)

Conversion of Loans. Borrower may convert any Loan Borrowing from one Type of Loan Borrowing to another Type; provided, however, that (i) any conversion of a Borrowing consisting of LIBOR Loans into a Borrowing consisting of Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a an irrevocable written notice to Administrative Agent in the form of Exhibit C-2B, appropriately completed (a "Notice of Conversion of Loan Type”Conversion"), which specifies, among other things:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Lam Research Corp)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans or Federal Funds Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 2 contracts

Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co)

Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan Loans to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, Loans and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereofor more. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2C-4, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 2 contracts

Samples: Credit Agreement (Calpine Corp), Security Agreement (Calpine Corp)

Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan to another TypeType of Loan; provided, however, that (ia) any conversion of LIBOR Loans into Base Rate Loans shall be made effective on, and only on, the first day after the last day expiration of an Interest Period for such LIBOR Loans, and (iib) Loans shall be converted only in amounts of $10,000,000 500,000 and increments of $1,000,000 100,000 in excess thereof. Borrower shall request such a conversion by delivering to Administrative Agent a written notice to Administrative Agent in the form of Exhibit C-2C-4, appropriately completed (a "Notice of Conversion of Loan Type"), which contains or specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan Loans to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, Loans and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof100,000 or more. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2C-3, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 1 contract

Samples: Subordination Agreement (Calpine Corp)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate ABR Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2C-1, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 1 contract

Samples: Assignment and Assumption (Teco Energy Inc)

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Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan Loans to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, Loans and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof100,000 or more. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2C-4, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Conversion of Loans. Borrower may convert any Revolving Loan from one Type of Revolving Loan to another Type; provided, however, that (i) any conversion of LIBOR LIBORSOFR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR LIBORSOFR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2E-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 1 contract

Samples: Credit Agreement (Tampa Electric Co)

Conversion of Loans. Each Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate ABR Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 5,000,000 and increments of $1,000,000 in excess thereof. Such Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 1 contract

Samples: Assignment and Assumption (Teco Energy Inc)

Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan to another TypeType of Loan; provided, however, provided that (ia) any conversion of LIBOR Loans into Base Rate Loans shall be made effective on, and only on, the first day after the last day expiration of an Interest Period for such LIBOR Loans, and (iib) Loans shall be converted only in amounts of $10,000,000 500,000 and increments of $1,000,000 100,000 in excess thereof. Borrower shall request such a conversion by delivering to Administrative Agent a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which contains or specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Conversion of Loans. Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans within each Facility shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 1 contract

Samples: Credit Agreement (Teco Energy Inc)

Conversion of Loans. Borrower may convert any Revolving Loan from one Type of Revolving Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 1,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2E-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

Appears in 1 contract

Samples: Assignment and Assumption (Tampa Electric Co)

Conversion of Loans. Borrower Borrowers may convert all Loans in any Loan from one Type Borrowing consisting of Loan to another TypeBase Rate Loans into LIBOR Loans and all Loans in any Borrowing consisting of LIBOR Loans into Base Rate Loans; provided, however, that (i) any conversion of a LIBOR Loans Loan into a Base Rate Loans Loan shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereofLoan. A Borrower shall request such a conversion by a an irrevocable written notice to Administrative Agent in the form of Exhibit C-2B, appropriately completed (a "Notice of Conversion of Loan Type”Conversion"), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

Conversion of Loans. Borrower may convert any Loan Loans from one Type of Loan Loans to another Type; provided, however, that (ia) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, Loans and (iib) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof2,000,000 or more. Borrower shall request each such a conversion by delivering to Administrative Agent a written notice to Administrative Agent in the form of Exhibit C-2C-4 hereto, appropriately completed (a "Notice of Conversion of Loan Type"), which specifies:

Appears in 1 contract

Samples: Credit Agreement (NRG Energy Inc)

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