Common use of Eurocurrency Loans Clause in Contracts

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been made or the conversion to such Eurocurrency Loan has not yet been accomplished, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 10 contracts

Samples: Credit Agreement (Huntsman International LLC), Credit Agreement (Huntsman International LLC), Credit Agreement (Huntsman International LLC)

AutoNDA by SimpleDocs

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the any Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that Crown Holdings as the applicable Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 5 contracts

Samples: Credit Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii4.12(a)(ii) or (iii), the Borrower Borrowers may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii4.12(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower Funds Administrator was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii4.12(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b4.12(b).

Appears in 4 contracts

Samples: Revolving Credit Agreement (Texas Petrochemicals Inc.), Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower Company may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower Company was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 4 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the any Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrowers’ Agent or the applicable Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 2 contracts

Samples: Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower Borrowers may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the such Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, providedprovided that, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 2 contracts

Samples: Credit Agreement (Veritas DGC Inc), Credit Agreement (Ball Corp)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower Borrowers may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the such Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, providedprovided that, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 1 contract

Samples: Credit Agreement (Greif Inc)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(iiSECTION 3.5(a)(ii) or OR (iii), the Borrower Funds Administrator may (and, and in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), SECTION 3.5(a)(iii) shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or if the conversion Loan is being converted or continued pursuant to such Eurocurrency Loan has not yet been accomplisheda Notice of Conversion or Continuation, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower Funds Administrator was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(iiSECTION 3.5(a)(ii) or OR (iii), cancel the respective Borrowing, or (ii) if the any affected Eurocurrency Loan is a Eurodollar Loan then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Eurodollar Loan into a Base Rate Loan, provided, PROVIDED that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(bSECTION 3.5(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntsman Polymers Corp)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the any Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that Crown Holdings, as the Borrower applicable Borrower, was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 1 contract

Samples: Credit Agreement (Crown Holdings Inc)

AutoNDA by SimpleDocs

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) ------------------- ------------------- or (iii), the Borrower Company may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) ----- -------------------- either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower Company was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then ------------------ ----- outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders -------- must be treated the same pursuant to this Section 3.6(b).. --------------

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(iiSECTION 3.6(A)(II) or (iiiIII), the Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iiiSECTION 3.6(A)(III), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(iiSECTION 3.6(A)(II) or (iiiIII), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, providedPROVIDED, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(bSECTION 3.6(B).

Appears in 1 contract

Samples: Credit Agreement (Noveon Inc)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower Borrowers may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was Borrowers were notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii) or (iii), the Borrower may (and, in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or the conversion pursuant to such Eurocurrency Loan has not yet been accomplisheda conversion, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the affected Eurocurrency Loan is then outstanding, upon at least three Business Days' written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Loan into a Base Rate Loan, provided, that if more than one 50 Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b).

Appears in 1 contract

Samples: Credit Agreement (Huntsman Advanced Materials (UK) LTD)

Eurocurrency Loans. At any time that any Eurocurrency Loan is affected by the circumstances described in Section 3.6(a)(ii3.5(a)(ii) or (iii), the Borrower Funds Administrator may (and, and in the case of a Eurocurrency Loan affected by the circumstances described in Section 3.6(a)(iii), 3.5(a)(iii) shall) either (i) if the affected Eurocurrency Loan has not yet been is then being made initially or if the conversion Loan is being converted or continued pursuant to such Eurocurrency Loan has not yet been accomplisheda Notice of Conversion or Continuation, by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower Funds Administrator was notified by the affected Lender or the Administrative Agent pursuant to Section 3.6(a)(ii3.5(a)(ii) or (iii), cancel the respective Borrowing, or (ii) if the any affected Eurocurrency Loan is a Eurodollar Loan then outstanding, upon at least three Business Days’ written notice to Administrative Agent, require the affected Lender to convert such Eurocurrency Eurodollar Loan into a Base Rate Loan, provided, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.6(b3.5(b).

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntsman Petrochemical Finance Co)

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