For Funding. If funding for the Agreement or matter is withdrawn, reduced or limited in any way after the Agreement is signed or becomes effective, the Parties may summarily terminate the Agreement notwithstanding any other termination provision in the Agreement. Termination under this provision will be effective upon the date specified in the written notice of termination. No costs incurred after the effective date of the termination will be paid.
For Funding. Whenever Borrower desires to convert all or a portion of an outstanding Borrowing of Competitive Bid Loans under its Line of Credit Commitments into a Borrowing of Syndicate Loans it shall comply with the provisions prescribed in Section 3.01(b)(i)
For Funding. So long as any Default or Event of Default shall have occurred and be continuing, no Borrowing may be converted into or continued as (upon expiration of the current Interest Period) Libor Bid Loans. No conversion of any Borrowing into Libor Bid Loans shall be permitted except on the last day of the Interest Period in respect thereof.
For Funding. Whenever Borrower desires to convert all or a portion of an outstanding Borrowing of Competitive Bid Revolving Loans under its Revolving Loan Commitments or Competitive Bid Line of Credit Loans under its Line of Credit Commitments, or constituting a portion of Competitive Bid Term Loan, into a Borrowing of Syndicate Revolving Loans, Syndicate Line of Credit Loans or Syndicate Term Loans, as the case may be, it shall comply with the provisions prescribed in Section 4.01(b)(i) for conversion of Syndicate Revolving Loans, Syndicate Line of Credit Loans or Syndicate Term Loans. If, upon the expiration of any Interest Period in respect of any Competitive Bid Borrowing, Borrower shall have failed to deliver the Notice of Continuation/Conversion, or Lenders fail to provide such quotes, Borrower shall be deemed to have elected to convert or continue such Borrowing to a Borrowing of a Syndicate Revolving Loan, a Syndicate Line of Credit Loan or a Syndicate Term Loan consisting of Base Rate Advances. So long as any Default or Event of Default shall have occurred and be continuing, no Borrowing may be converted into (upon expiration of the current Interest Period) Eurodollar Advances. No conversion of any Borrowing into Eurodollar Advances shall be permitted except on the last day of the Interest Period in respect thereof.
