Common use of No Conversion Post-Default or Post-Unmatured Default Clause in Contracts

No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(A) or 2.9(B), no Advance may be converted into or continued as a Eurocurrency Rate Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing.

Appears in 6 contracts

Sources: Amendment and Restatement Agreement (Meritor Inc), Amendment and Restatement Agreement (Meritor Inc), Credit Agreement (Meritor Inc)

No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(A2.7(A) or 2.9(B2.7(B), no Advance may be converted into or continued as a Eurocurrency Eurodollar Rate Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing.

Appears in 1 contract

Sources: Credit Agreement (Arvinmeritor Inc)