Common use of Limitations on Lengths of Interest Periods Clause in Contracts

Limitations on Lengths of Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as a Eurodollar Borrowing: (i) any Revolving Borrowing if the Interest Period requested therefor would end after the Revolving Commitment Termination Date; (ii) any Term Loan Borrowing if the Interest Period requested therefor would end after the Term Loan Maturity Date for the relevant Class; or (iii) unless the Borrower shall confirm to the Administrative Agent in connection with such request or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 (to the extent required to do so thereunder), any Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Date unless, after giving effect thereto, the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Term Loans, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Term Loans, respectively, permitted to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Date.

Appears in 3 contracts

Samples: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

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Limitations on Lengths of Interest Periods. Notwithstanding any ------------------------------------------ other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as a Eurodollar Borrowing: (i) any Revolving Credit Borrowing if the Interest Period requested therefor would end after the Revolving Credit Commitment Termination Date; (ii) any Incremental Revolving Credit Borrowing of a Series if the Interest Period requested therefor would end after the Incremental Revolving Credit Commitment Termination Date of such Series; (iii) any Term Loan Borrowing if the Interest Period requested therefor would end after the Term Loan Maturity Date for the relevant Class; or (iiiiv) unless the Borrower shall confirm to the Administrative Agent in connection with such request or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 (to the extent required to do so thereunder), any Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Date for any Class unless, after giving effect thereto, the aggregate principal amount of the Tranche Term Loan A or Term Loans, Tranche B Term Loans or Incremental Term LoansLoan B, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche Term Loan A or Term Loans, Tranche B Term Loans or Incremental Term LoansLoan B, respectively, permitted to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Date."

Appears in 1 contract

Samples: Chart Industries Inc

Limitations on Lengths of Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as a Eurodollar Syndicated Eurocurrency Borrowing: (i) any Revolving Borrowing or Competitive Borrowing if the Interest Period requested therefor would end after the Revolving Commitment Termination Date; (ii) any Term Loan Borrowing if the Interest Period requested therefor would end after the Term Loan Maturity Date for the relevant Class; or (iii) unless the Borrower shall confirm to the Administrative Agent in connection with such request or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 2.16 (to the extent required to do so thereunder), any Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Date unless, after giving effect thereto, the aggregate principal amount of the Tranche A I Term Loans, Tranche B II Term Loans or Incremental Tranche III Term Loans, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche A I Term Loans, Tranche B II Term Loans or Incremental Tranche III Term Loans, respectively, permitted to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Date.

Appears in 1 contract

Samples: Credit Agreement (SCV Epi Vineyards Inc)

Limitations on Lengths of Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as a Eurodollar Borrowing: (i) any Revolving Credit Borrowing if the Interest Period requested therefor would end after the Revolving Credit Commitment Termination Date; (ii) any Term Loan Borrowing if the Interest Period requested therefor would end after the Term Loan Maturity Date for the relevant Class; or (iii) unless the Borrower shall confirm to the Administrative Agent in connection with such request or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 (to the extent required to do so thereunder), any Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Date for any Class unless, after giving effect thereto, the aggregate principal amount of the Tranche Term Loan A or Term Loans, Tranche B Term Loans or Incremental Term LoansLoan B, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche Term Loan A or Term Loans, Tranche B Term Loans or Incremental Term LoansLoan B, respectively, permitted to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

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Limitations on Lengths of Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as a Eurodollar Eurocurrency Borrowing: (i) any Revolving Borrowing of any Class if the Interest Period requested therefor would end after the Revolving Commitment Termination DateDate of such Class; (ii) any Term Loan Borrowing if the Interest Period requested therefor would end after the Term Loan Maturity Date for the relevant Class; or (iii) unless the Borrower shall confirm to the Administrative Applicable Agent in connection with such request or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 (to the extent required to do so thereunder), any Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Date unless, after giving effect thereto, the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Term Loans, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Term Loans, respectively, permitted to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands Inc)

Limitations on Lengths of Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue as as, a Eurodollar Borrowing: (i) any Revolving Credit Loan Borrowing if the Interest Period requested therefor with respect thereto would end after the Revolving Commitment Termination Credit Maturity Date; , (ii) any Term Loan Borrowing or Delayed Draw Term Loan Borrowing if the Interest Period requested therefor with respect thereto would end after the Term Loan Maturity Date for the relevant Class; Date, or (iii) unless the Borrower shall confirm to the Administrative Agent in connection with such request any Term Loan Borrowing or election that the Borrower intends to compensate each Lender pursuant to Section 2.15 (to the extent required to do so thereunder), any Delayed Draw Term Loan Borrowing if the Interest Period requested therefor would commence before and end after any Principal Payment Quarterly Date unless, after giving effect thereto, for the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Term Loans, as the case may be, having Interest Periods that end after such Principal Payment Date shall be equal to or less than the aggregate principal amount of the Tranche A Term Loans, Tranche B Term Loans or Incremental Delayed Draw Term Loans, respectively, permitted unless the Base Rate Loans applicable to such Term Loan or Delayed Draw Term Loan to be outstanding after giving effect to the payments of principal required to be made on such Principal Payment Quarterly Date and the Eurodollar Term Loans applicable to such Term Loan or Delayed Draw Term Loan, respectively, with Interest Periods ending on or before such Quarterly Date, shall at least equal in principal amount the required principal payment with respect to such Term Loans or Delayed Draw Term Loans, respectively, on such Quarterly Date.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

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