Common use of Refinancing of Loans Clause in Contracts

Refinancing of Loans. The Borrower shall have the right at any time, on two Business Days' prior irrevocable notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., Boston time, on the second Business Day preceding the date of any refinancing), (x)to refinance any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) with a Borrowing of Loans of the other Type or (y)to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period, subject to the following:

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc), Credit and Guaranty Agreement (Bradlees Inc)

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Refinancing of Loans. The Borrower shall have the right at any time, on two Business Days' prior irrevocable notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., Boston time, on the second Business Day preceding the date of any refinancing), (x)to x) to refinance any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) with a Borrowing of Loans of the other Type or (y)to y) to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period, subject to the following:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Caldor Corp)

Refinancing of Loans. The Borrower shall have the right at -------------------- any time, on two Business Days' prior irrevocable notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., Boston time, on the second Business Day preceding the date of any refinancing), (x)to x) to refinance any outstanding Borrowing or Borrowings of Tranche A Loans of one Type (or a portion thereof) with a Borrowing of Tranche A Loans of the other Type or (y)to y) to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period, subject to the following:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (New Horizons of Yonkers Inc)

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Refinancing of Loans. The Borrower shall have the right at any time, on two Business Days' prior irrevocable notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., Boston time, on the second Business Day preceding the date of any refinancing), (x)to x) to refinance any outstanding Borrowing or Borrowings of Tranche A Loans of one Type (or a portion thereof) with a Borrowing of Tranche A Loans of the other Type or (y)to y) to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period, subject to the following:

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc)

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