Common use of Repayments, Continuations and Conversions Clause in Contracts

Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a EurodollarSOFR Loan, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such EurodollarSOFR Loan is to be continued as one or more new EurodollarSOFR Loans and also specifying the new Eurodollar LoanInterest Period applicable to each such new EurodollarSOFR Loan (and subject to the provisions of this Agreement, upon such Payment Date, such EurodollarSOFR Loan shall be so continued). Upon such Payment Date, any EurodollarSOFR Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or be repaid.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

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Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a EurodollarSOFR LoanEurodollar Borrowing, the Borrower Representative shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such EurodollarSOFR Loan Eurodollar Borrowing outstanding on such Payment Date is to be continued in whole or in part as one or more new EurodollarSOFR Loans Eurodollar Borrowings and also specifying the new Eurodollar LoanInterest Interest Period applicable to each such new EurodollarSOFR Loan Eurodollar Borrowing (and subject to the provisions of this Agreement, upon such Payment Date, such EurodollarSOFR Loan Eurodollar Borrowing shall be so continued). Upon such Payment Date, any EurodollarSOFR Loan Eurodollar Borrowing (or portion thereof) not so continued shall be converted to a Base Rate Loan or Borrowing or, subject to Section 2.5, be repaid.

Appears in 1 contract

Samples: Credit Agreement (RLJ Entertainment, Inc.)

Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a EurodollarSOFR Eurodollar Loan, the Administrative Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such EurodollarSOFR Eurodollar Loan outstanding on such Payment Date is to be continued in whole or in part as one or more new EurodollarSOFR Eurodollar Loans and also specifying the new Eurodollar LoanInterest Loan Period applicable to each such new EurodollarSOFR Eurodollar Loan (and subject to the provisions of this Agreement, upon such Payment Date, such EurodollarSOFR Eurodollar Loan shall be so continued). Upon such Payment Date, any EurodollarSOFR Eurodollar Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or or, subject to Section 2.5, be repaid.

Appears in 1 contract

Samples: Term Loan Agreement (Zayo Group LLC)

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Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a EurodollarSOFR LoanEurodollar Borrowing, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such EurodollarSOFR Loan Eurodollar Borrowing outstanding on such Payment Date is to be continued in whole or in part as one or more new EurodollarSOFR Loans Eurodollar Borrowings and also specifying the new Eurodollar LoanInterest Interest Period applicable to each such new EurodollarSOFR Loan Eurodollar Borrowing (and subject to the provisions of this Agreement, upon such Payment Date, such EurodollarSOFR Loan Eurodollar Borrowing shall be so continued). Upon such Payment Date, any EurodollarSOFR Loan Eurodollar Borrowing (or portion thereof) not so continued shall be converted to a Base Rate Loan or Borrowing or, subject to Section 2.9, be repaid.

Appears in 1 contract

Samples: Credit Agreement (NetSpend Holdings, Inc.)

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