Common use of Conversion of Revolving Loans Clause in Contracts

Conversion of Revolving Loans. Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Revolving Loan Borrowing consisting of LIBOR Loans into a Revolving Loan Borrowing consisting of Base Rate Loans shall be made on, and only on, the last day of an Interest Period for such LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Agent in the form of Exhibit B-1, appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Acuson Corp)

AutoNDA by SimpleDocs

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Revolving no Base Rate Loan Borrowing consisting of LIBOR Loans may be converted into a Revolving LIBOR Loan Borrowing consisting of Base Rate Loans shall be made on, and only on, during the last day continuance of an Interest Period for such LIBOR LoansEvent of Default. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B-1B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Wild Oats Markets Inc)

Conversion of Revolving Loans. Borrower Subject to SECTION 2.14, the Borrowers may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; providedPROVIDED, howeverHOWEVER, that any conversion of a Revolving no Base Rate Loan Borrowing consisting of LIBOR Loans may be converted into a Revolving LIBOR Loan Borrowing consisting of Base Rate Loans shall be made on, after the occurrence and only on, during the last day continuance of an Interest Period for such LIBOR LoansEvent of Default. Borrower The Borrowers shall request such a conversion by an irrevocable written notice to the Administrative Agent in 38 the form of Exhibit B-1EXHIBIT B, appropriately completed (a "Notice of Revolving Loan ConversionNOTICE OF REVOLVING LOAN CONVERSION"), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

AutoNDA by SimpleDocs

Conversion of Revolving Loans. Borrower Subject to Section 2.14, the Borrowers may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Revolving no Base Rate Loan Borrowing consisting of LIBOR Loans may be converted into a Revolving LIBOR Loan Borrowing consisting of Base Rate Loans shall be made on, after the occurrence and only on, during the last day continuance of an Interest Period for such LIBOR LoansEvent of Default. Borrower The Borrowers shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B-1B, appropriately completed (a "β€œNotice of Revolving Loan Conversion"”), which specifies, among other things:

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

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