Common use of Conversion or Continuation Clause in Contracts

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 10 contracts

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group Inc.), Credit Agreement (Simon Property Group L P /De/), Credit and Term Loan Agreement (Washington Prime Group, L.P.)

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Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Washington Prime Group, L.P.), Term Loan Agreement (Washington Prime Group, L.P.), Term Loan Agreement (Washington Prime Group, L.P.)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 3,000,000 and in integral multiples of $100,000 500,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 3 contracts

Samples: Credit Agreement (Reckson Operating Partnership Lp), Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Services Industries Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of the outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of Five Hundred Thousand Dollars ($1,000,000 500,000) and in integral multiples of One Hundred Thousand Dollars ($100,000 100,000) in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Credit Agreement (Dyncorp), Credit Agreement (Dyncorp)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 3,000,000 and in integral multiples of $100,000 500,000 in excess of that amount, except in the case of a conversion into or a continuation of an the entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Eurocurrency Rate LoansLoans denominated in Dollars; (B) to convert all or any part of outstanding Eurodollar Eurocurrency Rate Loans denominated in Dollars having Eurodollar Eurocurrency Rate Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Eurocurrency Rate Loans having Eurodollar Eurocurrency Interest Periods which expire on the same date as Eurodollar Eurocurrency Rate Loans, and the succeeding Eurodollar Eurocurrency Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Eurocurrency Rate Loan (i) if the continuation of, or the conversion into, such Eurocurrency Rate Loan would violate any of the provisions of Section 5.2 5.02 or (ii) if an Event of Default or a Potential Event of Default would occur as a result thereof or has occurred and is continuing. Any conversion into or continuation of Eurodollar Eurocurrency Rate Loans under this Section 5.1(c5.01(c) shall be in a minimum amount of $1,000,000 (or the equivalent thereof in the applicable Alternative Currency) and in integral multiples of $100,000 250,000 (or the equivalent thereof in the applicable Alternative Currency) in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Credit Agreement (Freedom Chemical Co), Credit Agreement (Freedom Chemical Co)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of the outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of $1,000,000 5,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amountamount except if such lesser amount represents the total amount of such Type of Loans outstanding, except and no partial conversion of Eurodollar Rate Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining Eurodollar Rate Loans under such Borrowing to less than $5,000,000 or to any greater amount not a multiple of $1,000,000 in the case of a excess thereof. Any conversion into or Base Rate Loans under this Section 4.01(c) shall be in a continuation minimum amount of an entire Borrowing $5,000,000 and in integral multiples of Non Pro Rata Loans$1,000,000 in excess of that amount except if such lesser amount represents the total amount of such Type of Loans outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Watson Pharmaceuticals Inc), Credit Agreement (Watson Pharmaceuticals Inc)

Conversion or Continuation. (ia) The Borrower or the applicable Qualified Borrower Company shall have the option (A) to convert at any time all or any part of outstanding Base Floating Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Floating Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 this Agreement or (ii) if an Event of a Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) 2.6 shall be in a minimum amount of $1,000,000 10,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 2 contracts

Samples: Term Loan Agreement (Consumers Energy Co), Term Loan Agreement (Panhandle Eastern Pipe Line Co)

Conversion or Continuation. (i) i0 The Borrower or the applicable Qualified Borrower shall have the -------------------------- option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued -------- ------- as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) ----------- if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 -------------- and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower on its behalf and on behalf of RMOP shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 3,000,000 and in integral multiples of $100,000 500,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Reckson Associates Realty Corp)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the -------------------------- option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued -------- ------- as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) ----------- if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 -------------- and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the such continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuingcontinuing or would occur as a result of such continuation or conversion. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 2,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Term Loan Agreement (General Growth Properties Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Company shall have the option (A) to convert at any time all or any part of outstanding Base Floating Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Floating Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 this Agreement or (ii) if an Event of a Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) 2.8 shall be in a minimum amount of $1,000,000 10,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Consumers Energy Co)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of the outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of $1,000,000 5,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Conversion or Continuation. (i) The Borrower (or the applicable relevant Qualified Borrower Borrower, as applicable) shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 5,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, on such expiration date; and (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: 364 Day Bridge Term Loan Agreement (Washington Prime Group Inc.)

Conversion or Continuation. (i) The Borrower or Subject to the applicable Qualified Borrower provisions of Section 2.08, a Borrowing Subsidiary shall have the option (A) to convert at any time all or any part of outstanding out standing Loans which comprise part of the same Borrowing and which, in the aggregate, equal $5,000,000 or an integral multiple of $1,000,000 in excess of that amount from Base Rate Loans to Eurodollar Rate Loans; or (B) to convert all or any part of outstanding Loans which, in the aggregate, equal $5,000,000 or an integral multiple of $1,000,000 in excess of that amount from Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such the expiration datedate of any Eurodollar Interest Period applicable thereto; and or (C) upon the expiration of any Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans, to continue all or any part portion of outstanding such Loans equal to $5,000,000 or an integral multiple of $1,000,000 in excess of that amount as Eurodollar Rate Loans having Eurodollar Interest Periods which expire on of the same date as Eurodollar Rate Loanstype, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such the expiration datedate of the Eurodollar Interest Period applicable thereto; provided, however, that no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate when any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Facility Agreement (JPS Textile Group Inc /De/)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding out-standing Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding succeed-ing Eurodollar Interest Period of such continued Loans shall commence on such expiration date; providedpro-vided, however, no such outstanding out-standing Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the such continuation of, or the conversion into, would violate any of the provisions of Section 5.2 5.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c5.01(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Corp)

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Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of an outstanding Eurodollar Rate Loans having Loan at the expiry of the applicable Eurodollar Interest Periods which expire on the same date as Eurodollar Rate LoansPeriod, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 5.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuingcontinuing unwaived. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c5.01(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Banner Aerospace Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of an outstanding Eurodollar Rate Loans having Loan at the expiry of the applicable Eurodollar Interest Periods which expire on the same date as Eurodollar Rate LoansPeriod, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; providedPROVIDED, howeverHOWEVER, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i1) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 SECTION 5.03 or (ii2) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuingcontinuing unwaived. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(cSECTION 5.01(E) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non or Non-Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the -------------------------- option (A) to convert at any time all or any part of the outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding -------- ------- Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has ------------ occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of $1,000,000 5,000,000 --------------- and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the -------------------------- option (A) to convert at any time all or any part of outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding -------- ------- Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has ------------ occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of $1,000,000 5,000,000 --------------- and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (International Technology Corp)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of the outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding out standing Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration expira tion date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion conver sion into, would violate any of the provisions of Section 5.2 4.02 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.01(c) shall be in a minimum amount of Two Million Dollars ($1,000,000 2,000,000) and in integral multiples of One Hundred Thousand Dollars ($100,000 100,000) in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Stellex Industries Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and (C) to continue all or any part of outstanding out-standing Eurodollar Rate Loans having Eurodollar Interest 44 Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, howeverHOWEVER, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section SECTION 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section SECTION 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Conversion or Continuation. (i) i The Borrower or the applicable Qualified Borrower Bor- rower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; providedpro- vided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation contin- uation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of an outstanding Eurodollar Rate Loans having Loan at the expiry of the applicable Eurodollar Interest Periods which expire on the same date as Eurodollar Rate LoansPeriod, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; providedPROVIDED, howeverHOWEVER, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i1) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 SECTION 5.03 or (ii2) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuingcontinuing unwaived. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(cSECTION 5.01(e) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non or Non-Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall -------------------------- have the option (A) to convert at any time all or any part of outstanding Base Reference Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Reference Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such -------- ------- outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an ----------- Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum -------------- amount of $1,000,000 500,000 and in integral multiples of $100,000 500,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Eco Corp)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans (other than Swing Loans) to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 4.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c4.1(c) shall be in a minimum amount of $1,000,000 5,000,000 and in integral multiples of $100,000 1,000,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (It Group Inc)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower Borrowers shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, Loans on such expiration date; and or (C) to continue all or any part of an outstanding Eurodollar Rate Loans having Loan at the expiry of the applicable Eurodollar Interest Periods which expire on the same date as Eurodollar Rate LoansPeriod, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i1) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 5.03 or (ii2) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuingcontinuing unwaived. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c5.01(e) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, amount except in the case of a conversion into or a continuation of an entire Borrowing of Non or Non-Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Conversion or Continuation. (i) The Borrower or the applicable Qualified Borrower shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Eurodollar Rate Loans; (B) to convert all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date to Base Rate Loans, on such expiration date; and (C) intentionally omitted; (D) to continue all or any part of outstanding Eurodollar Rate Loans having Eurodollar Interest Periods which expire on the same date as Eurodollar Rate Loans, and the succeeding Eurodollar Interest Period of such continued Loans shall commence on such expiration date; (E) intentionally omitted; provided, however, no such outstanding Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Conversion or Continuation. (ia) The Borrower or Subject to the applicable Qualified provisions of Section 2.06 hereof, the Borrower shall have the option (A1) to convert at any time all or any part of outstanding Base Revolving Credit Loans which, in the aggregate, equal $100,000.00 or an integral multiple of $1,000.00 in excess of that amount from Prime Rate Loans to Eurodollar Rate Loans; or (B2) to convert all or any part of outstanding Revolving Credit Loans which, in the aggregate, equal $100,000.00 or an integral multiple of $1,000.00 in excess of that amount from Eurodollar Rate Loans having to Prime Rate Loans on the expiration date of any Eurodollar Interest Periods which expire on Period applicable thereto; or (3) upon the same date expiration of any Eurodollar Interest Period applicable to Base a Eurodollar Rate LoansLoan, on such expiration date; and (C) to continue all or any part portion of outstanding such Revolving Credit Loans equal to $100,000.00 or an integral multiple of $1,000.00 in excess of that amount as Eurodollar Rate Loans having Eurodollar Interest Periods which expire on of the same date as Eurodollar Rate Loanstype, and the succeeding Eurodollar Interest Period of such continued Revolving Credit Loans shall commence on such the expiration datedate of the Eurodollar Interest Period applicable thereto; provided, however, that no such outstanding Revolving Credit Loan may be continued as, or be converted into, a Eurodollar Rate Loan (i) if the continuation of, or the conversion into, would violate when any of the provisions of Section 5.2 or (ii) if an Event of Default or a Potential Event of Default would occur or has occurred and is continuing. Any conversion into or continuation of Eurodollar Rate Loans under this Section 5.1(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Appears in 1 contract

Samples: Diagnostic Retrieval Systems Inc

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