Common use of Conversion to Different Type of Revolving Credit Loan Clause in Contracts

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent prior written notice of such election no later than 11:00 a.m. (Dallas, Texas time) on the third (3rd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Event of Default has occurred and is continuing. On the date on which such conversion is being made, each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

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Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a Base Eurodollar Rate Loan to a Prime Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Prime Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Prime Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided , PROVIDED that if any partial conversion to a Eurodollar Rate Loan is converted shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, and any partial conversion to a Base Prime Rate Loan on a day which is not the last day shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$500,000 or an integral multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (i) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasiii) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdiv) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Marcam Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third (3rd) Eurodollar Business Day prior last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion; conversion and (d) no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Seacastle Inc.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a Base Rate Revolving Credit Loan to a Eurodollar Prime Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasb) with respect to any such conversion of a Prime Rate Loan to a Eurocurrency Rate Loan, Texas timethe Borrower shall give the Agent at least three (3) Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Prime Rate Loan, such conversion shall only be made on the third (3rd) Eurodollar Business Day prior to last day of the date of such conversionInterest Period with respect thereto; and (d) no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $500,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Digitas Inc), Revolving Credit Agreement (Digitas Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least two (2) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided , PROVIDED that if any partial conversion shall be in an aggregate principal amount of $500,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$250,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Perkins Finance Corp), Revolving Credit Agreement (Restaurant Co)

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers’ Representative may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrowers’ Representative shall give the Administrative Agent at least one (1) Business Days prior written notice of such election, (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers’ Representative shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election, (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$1,000,000 or an integral multiple of $500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Mayors Jewelers Inc/De)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day's prior written notice of such election; (b) with respect to any such conversion of a Revolving Credit Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days' prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rti Capital Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrowers shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$1,000,000 or an integral multiple of $500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Iesi Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent prior written notice of such election not later than 10:00 a.m. one Business Day prior to the proposed effective date of such election; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasiii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third (3rd) Eurodollar Business Day prior to last day of the date of such conversionInterest Period with respect thereto; and (iv) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hvide Marine Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a LIBOR Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided , PROVIDED that if any partial conversion shall be in an aggregate principal amount of $250,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Stride & Associates Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrowers shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided , PROVIDED that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$500,000 or an integral multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Iesi Tx Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Base Rate Revolving Credit Loan to a Eurodollar Base Rate Loan, the Borrower shall give the Administrative Agent by 11:00 a.m. (Boston time) on the effective date thereof prior written notice of such election no later than 11:00 a.m. election; (Dallasb) with respect to any such conversion of a Revolving Credit Loan to a LIBOR Rate Loan, Texas timethe Borrower shall give the Agent at least two (2) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $100,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$50,000 in excess thereof. Each Conversion 16 Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hbo & Co)

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Conversion to Different Type of Revolving Credit Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a Eurocurrency Rate Loan to a Base Rate Loan, the applicable Borrower shall give the Administrative Agent at least two (2) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the applicable Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurocurrency Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by the applicable Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watts Industries Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion, the Borrower shall give the Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base LIBOR Rate Loan to into a Eurodollar Base Rate Loan, the Borrower such conversion shall give the Administrative Agent prior written notice of such election no later than 11:00 a.m. (Dallas, Texas time) only be made on the third last day of the Interest Period with respect thereto and (3rdc) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of the outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $500,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit (Weider Nutrition International Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day's prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days' prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third (3rd) Eurodollar Business Day prior to last day of the date of such conversionInterest Period with respect thereto; and (d) no Revolving Credit Base Rate Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided , PROVIDED that if any partial conversion shall be in an aggregate principal amount of $2,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Bank at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Administrative Agent Bank at least three (3) LIBOR Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a LIBOR Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, each Revolving Credit Lender made the Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit (Helix Technology Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $250,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not whole multiple of $100,000 in excess thereof, or such lesser amount as equals the last day total amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10Revolving Credit Loan being converted. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lifeline Systems Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. (Dallas, Texas time) on the third (3rd) Eurodollar Business Day prior to the date of such conversionelection; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10ss.7.10. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Emmis Communications Corp)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent prior written notice of such election not later than 10:00 a.m. on the proposed effective date of such election; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasiii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third (3rd) Eurodollar Business Day prior to last day of the date of such conversionInterest Period with respect thereto; and (iv) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day any partial conversion shall be in an aggregate principal amount of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a Eurocurrency Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Day's prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Business Days' prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurocurrency Rate Loan into a Base Rate Loan, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender shall take such action as is necessary to transfer its Revolver A Commitment Percentage or Revolver B Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars of any Type may be converted into a Revolving Credit Loan denominated in Dollars of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $1,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Lexmark International Inc /Ky/)

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election no later than 11:00 a.m. election; (Dallasc) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, Texas time) such conversion shall only be made on the third last day of the Interest Period with respect thereto and (3rdd) Eurodollar Business Day prior to the date of such conversion; and no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, made each Revolving Credit Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein; , provided that if any partial conversion shall be in an aggregate principal amount of $5,000,000 or a Eurodollar Rate Loan is converted to a Base Rate Loan on a day which is not the last day whole multiple of the Interest Period relating thereto, the Borrower shall indemnify the Lenders for any additional costs relating thereto pursuant to §6.10$1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Flextronics International LTD)

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