Common use of Conversions and Continuations of Accounts Clause in Contracts

Conversions and Continuations of Accounts. Subject to Section 5.2, Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Loan into a Eurodollar Account under the same Loan or to Continue Eurodollar Accounts in existence under a Loan as Eurodollar Accounts under the same Loan, provided that: (a) Borrower shall give Agent notice of each such Conversion or Continuation as provided in Section 5.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 2 contracts

Samples: Credit Agreement (Horizon Health Corp /De/), Credit Agreement (Horizon Health Corp /De/)

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Conversions and Continuations of Accounts. Subject to Section 5.26.2, the Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Revolving Loan into a Eurodollar Account under the same Revolving Loan or to Continue Eurodollar Accounts in existence under a Revolving Loan as Eurodollar Accounts under the same Revolving Loan; provided, provided that: (a) the Borrower shall give the Agent notice of each such Conversion or Continuation as provided in Section 5.36.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 2 contracts

Samples: Credit Agreement (Tufco Technologies Inc), Credit Agreement (Tufco Technologies Inc)

Conversions and Continuations of Accounts. Subject to Section 5.26.2, the Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Loan into a Eurodollar Account under the same Loan or to Continue Eurodollar Accounts in existence under a Loan as Eurodollar Accounts under the same Loan; provided, provided that: (a) the Borrower shall give the Agent notice of each such Conversion or Continuation as provided in Section 5.36.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Tufco Technologies Inc)

Conversions and Continuations of Accounts. Subject to Section 5.26.2, the Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Loan into a Eurodollar Account under the same Loan or to Continue Eurodollar Accounts in existence under a Loan as Eurodollar Accounts under the same Loan, provided that: (a) the Borrower shall give the Agent notice of each such Conversion or Continuation as provided in Section 5.36.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 1 contract

Samples: Security Agreement (Tufco Technologies Inc)

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Conversions and Continuations of Accounts. Subject to Section 5.2, the Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Loan into a Eurodollar Account under the same Loan or to Continue Eurodollar Accounts in existence under a Loan as Eurodollar Accounts under the same Loan, provided that: (a) the Borrower shall give the Agent notice of each such Conversion or Continuation as provided in Section 5.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

Conversions and Continuations of Accounts. Subject to Section 5.24.2, Borrower shall have the right from time to time to Convert all or part of any Base Rate Account in existence under a Loan into a Eurodollar Account under the same Loan or to Continue Eurodollar Accounts in existence under a Loan as Eurodollar Accounts under the same Loan, provided that: (a) Borrower shall give Agent notice of each such Conversion or Continuation as provided in Section 5.34.3; (b) a Eurodollar Account may only be Converted on the last day of the Interest Period therefor; and (c) except for Conversions into Base Rate Accounts, no Conversions or Continuations shall be made while a Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

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