Common use of Conversion of Revolving Loans Clause in Contracts

Conversion of Revolving Loans. Borrower may convert all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Revolving LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Administrative Agent in the form of Exhibit B, appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:

Appears in 3 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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Conversion of Revolving Loans. Borrower may convert all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Revolving LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Administrative Agent in the form of Exhibit B, appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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