Common use of Extension and Conversion Clause in Contracts

Extension and Conversion. Subject to the terms of Section 5.2, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) Loans

Appears in 1 contract

Samples: Credit Agreement (Dyson Kissner Moran Corp)

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Extension and Conversion. Subject to the terms of Section 5.25.3, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, -------- ------- Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) LoansLoans extended as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of "

Appears in 1 contract

Samples: Credit Agreement (Amerisource Distribution Corp)

Extension and Conversion. Subject to the terms of Section 5.24.2, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Revolving Loans into a subsequent permissible Interest Period or to convert Revolving Loans into Revolving Loans of another interest rate typeType; provided, however, that (ia) except as provided in -------- ------- pursuant to Section 3.8, Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (iib) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iiic) Revolving Loans

Appears in 1 contract

Samples: Credit Agreement (Kendle International Inc)

Extension and Conversion. Subject to the terms of Section 5.2, . the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Revolving Loans into a subsequent permissible Interest Period or to convert Revolving Loans into Revolving Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, . Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) LoansRevolving Loans extended as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of β€œ

Appears in 1 contract

Samples: Pledge Agreement (Lincare Holdings Inc)

Extension and Conversion. Subject to the terms of Section 5.2, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, Eurodollar Loans -------- ------- may be converted into Base Rate Loans only on the last day of the respective Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) LoansLoans extended as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of "

Appears in 1 contract

Samples: Credit Agreement (United Dominion Realty Trust Inc)

Extension and Conversion. Subject to the terms of Section 5.24.2, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided pursuant to in -------- ------- Section 3.8, -------- ------- Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) LoansLoans extended

Appears in 1 contract

Samples: Credit Agreement (PSS World Medical Inc)

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Extension and Conversion. Subject to the terms of Section 5.2, the ------------------------ Borrower and each Foreign Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, Eurodollar Eurocurrency Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Eurocurrency Loans may be extended, and Base Rate Loans may be converted into Eurodollar Eurocurrency Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) LoansLoans extended as, or converted into, Eurocurrency Loans shall be subject to the terms of the definition of "

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Extension and Conversion. Subject to the terms of Section 5.24.2, the ------------------------ Borrower shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans (other than Competitive Loans) into Loans of another interest rate type; provided, however, that (ia) except as provided in -------- ------- Section 3.8, Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (iib) Eurodollar Loans may be extended, and Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iiic) LoansLoans extended as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of "

Appears in 1 contract

Samples: Day Credit Agreement (Autozone Inc)

Extension and Conversion. Subject to the terms of Section 5.2, the ------------------------ Borrower Borrowers shall have the option, on any Business Day, to extend existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in -------- ------- Section 3.8, Revolving Loans that are Eurodollar Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto, (ii) Eurodollar Loans may be extended, and Revolving Loans that are Base Rate Loans may be converted into Eurodollar Loans, only if no Default or Event of Default is in existence on the date of extension or conversion, (iii) Loans

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

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