Common use of Repayments, Continuations and Conversions Clause in Contracts

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional Interest Period or may be converted to a Loan that accrues interest on a Base Rate basis.

Appears in 3 contracts

Samples: Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp)

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Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional LIBOR Interest Period or may be converted to a Loan that accrues interest on a Base Prime Rate basisLoan.

Appears in 2 contracts

Samples: Cubist Pharmaceuticals Inc, National Investment Managers Inc.

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturityPrior to the termination of this Agreement, upon the maturity of a LIBOR Rate Loan under this Section 2.3.6, it may be continued for an additional Interest Period or may be converted to a Prime Rate Loan that accrues interest on a Base Rate basis(if there exists no Default or Event of Default and the Bank does not otherwise elect to exercise any right to terminate the Credit Line and demand payment of the Loans).

Appears in 1 contract

Samples: Credit Facility Agreement (TechTarget Inc)

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturityPrior to the termination of this Agreement, upon the maturity of a LIBOR Rate Loan under this Section 2.4.6, it may be continued for an additional Interest Period or may be converted to a Prime Rate Loan that accrues interest on a Base Rate basis(if there exists no Default or Event of Default and the Bank does not otherwise elect to exercise any right to accelerate the Loans it is granted hereunder).

Appears in 1 contract

Samples: Credit Facility Agreement (TechTarget Inc)

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional Interest Period or may be converted to a Loan that accrues interest on a Base Prime Rate basisLoan, as set forth above.

Appears in 1 contract

Samples: Loan and Security Agreement (Gerber Scientific Inc)

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Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturityPrior to the termination of this Agreement, a upon maturity of any LIBOR Rate Loan, such Revolving Loan may be continued for an additional Interest Period or may be converted to a Loan that accrues interest on a Base Prime Rate basisLoan, as set forth above (unless there exists any Default or Event of Default and the Agent does not otherwise elect to exercise any right to accelerate the Loans it is granted hereunder).

Appears in 1 contract

Samples: Loan and Security Agreement (GT Solar International, Inc.)

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional LIBOR Interest Period or may be converted to LIBOR Advantage Loan or a Loan that accrues interest on a Base Prime Rate basisLoan.

Appears in 1 contract

Samples: Credit Agreement (Ultralife Corp)

Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the LIBOR Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional LIBOR Interest Period or may be converted to a Loan that accrues interest on a Base Rate basisLIBOR Advantage Loan.

Appears in 1 contract

Samples: Credit Agreement (Ultralife Corp)

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