Common use of Foreign Currency Advances Clause in Contracts

Foreign Currency Advances. Each Foreign Currency Advance shall ------------------------- continue as such until the end of the then applicable Interest Period therefor, at which time such Foreign Currency Advance shall automatically be deemed to be continued as a Foreign Currency Advance in the same amount and the same Foreign Currency with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Interest Period), unless repaid or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with Section 2.3.6(c) requesting that, at the end of such Interest Period, such Foreign Currency Advance continue as a Foreign Currency Advance in the same Foreign Currency for the same or another Eurocurrency Interest Period.

Appears in 1 contract

Sources: Credit Agreement (Jostens Inc)

Foreign Currency Advances. Each Foreign Currency Advance ------------------------- shall ------------------------- continue as such until the end of the then applicable Interest Period therefor, at which time such Foreign Currency Advance shall automatically be deemed to be continued as a Foreign Currency Advance in the same amount and the same Foreign Currency with a Eurocurrency Interest Period of one month (commencing on the last day of the expiring Interest Period), unless repaid or unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with Section 2.3.6(c) requesting that, at the end of such Interest Period, such Foreign Currency Advance continue as a Foreign Currency Advance in the same Foreign Currency for the same or another Eurocurrency Interest Period.

Appears in 1 contract

Sources: Revolving Credit Agreement (BDM International Inc /De)