Common use of Treatment of Affected Loans Clause in Contracts

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such Lender’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 8 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.)

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Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower Borrowers with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 6 contracts

Samples: Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD), Credit Agreement (Unicapital Corp)

Treatment of Affected Loans. If the obligation of any Lender Bank to make a particular Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate Loans or to ContinueContinue Revolving Loans, or to Convert Revolving Loans of any other another Type into, into Revolving Loans of a particular Type shall be suspended pursuant to Section 4.1 14.1 or 4.3 Section 14.3 hereof (Revolving Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such LenderBank’s Affected Loans shall be automatically Converted into the Base Rate Loans Loan on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 14.3 hereof, on such earlier date as such Lender Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender Bank gives notice as provided below that the circumstances specified in Section 4.1 14.1 or 4.3 Section 14.3 hereof that gave rise to such Conversion no longer exist:

Appears in 4 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 4 contracts

Samples: Stock Pledge Agreement (Cultural Access Worldwide Inc), Credit Agreement (Sykes Healthplan Services Inc), Term Credit Agreement (Healthsouth Corp)

Treatment of Affected Loans. If the obligation of any Lender Bank to make a particular Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate Loans or to ContinueContinue Revolving Loans, or to Convert Revolving Loans of any other another Type into, into Revolving Loans of a particular Type shall be suspended pursuant to Section 4.1 13.1 or 4.3 Section 13.3 hereof (Revolving Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s Bank's Affected Loans shall be automatically Converted into the Base Rate Loans Loan on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 13.3 hereof, on such earlier date as such Lender Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender Bank gives notice as provided below that the circumstances specified in Section 4.1 13.1 or 4.3 Section 13.3 hereof that gave rise to such Conversion no longer exist:

Appears in 4 contracts

Samples: Credit Agreement (Quest Resource Corp), Credit Agreement (Alliant Energy Corp), Credit Agreement (Delta Petroleum Corp/Co)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Eurocurrency Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such Lender’s Affected Loans shall be automatically Converted into Base Rate Loans in the Dollar Equivalent Amount of such Affected Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 2 contracts

Samples: Credit Agreement (V F Corp), Credit Agreement (V F Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Base Rate Loans of any other Type into, Eurodollar Loans of a particular Type shall be suspended pursuant to Section 4.1 4.01, 4.02 or 4.3 4.03 hereof (such Eurodollar Loans of such Type being herein called "Affected Loans” and such Type being herein called the “Affected Type”"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 4.03 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 4.01, 4.02 or 4.3 4.03 hereof that gave rise to such Conversion no longer exist:: (a) to the extent that such Lender's Affected Loans have been so Converted, all payments and prepayments of principal that would otherwise be applied to such Lender's Affected Loans shall be applied instead to its Base Rate Loans; and

Appears in 2 contracts

Samples: Credit Agreement (Proffitts Inc), Credit Agreement (Proffitts Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Fixed Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section SECTION 4.1 or OR 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans in the Dollar Equivalent Amount of such Affected Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section SECTION 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section SECTION 4.1 or OR 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (V F Corp /Pa/)

Treatment of Affected Loans. If the obligation of any Lender --------------------------- to make a particular Type of Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate Loans or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.01 or 4.3 5.03 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such -------------- ------------- Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.01(b) or 5.03 hereof, on such earlier date as such Lender may specify to the Borrower Company with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.01 or 4.3 5.03 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Circor International Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar EurodollarTerm Benchmark Rate Loan or or, a Competitive Bid Loan bearing interest at a Eurodollar EurodollarTerm Benchmark Competitive Rate or an RFR Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such Lender’s Affected Lendxx’x Xffected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives Lendxx xxxes notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Autonation, Inc.)

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Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Fixed Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans in the Dollar Equivalent Amount of such Affected Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Kellwood Co)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Term Benchmark Rate Loan or Loan, a Competitive Bid Loan bearing interest at a Eurodollar Term Benchmark Competitive Rate or an RFR Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such LenderXxxxxx’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Autonation, Inc.)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar particular Type of Fixed Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 4.01 OR 4.03 hereof (Loans of such Type being herein called “Affected Loans” "AFFECTED LOANS" and such Type being herein called the “Affected Type”"AFFECTED TYPE"), such Lender’s 's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 4.03 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 4.01 OR 4.03 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Wackenhut Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate particular Type of Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continuecontinue, or to Convert convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTIONS 2.8, 2.9 OR 2.10 hereof (Loans of such Type being herein called “Affected Loans” "AFFECTED LOANS" and such Type being herein called the “Affected Type”"AFFECTED TYPE"), such Lender’s 's Affected Loans shall be automatically Converted converted into Base Rate Floating Eurodollar Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 2.6 hereof, ; on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative AgentBorrower) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTIONS 2.8, 2.9 OR 2.10 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 5.2 OR 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender’s 's Affected Loans shall be (i), in the case of Loans denominated in Dollars, automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 5.3 hereof, on such earlier date as such Lender may specify to the Borrower Borrowers with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 5.2 OR 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Sensormatic Electronics Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Fixed Rate Loan or a Competitive Bid Loan bearing interest at a Eurodollar Competitive Rate or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called “Affected Loans” and such Type being herein called the “Affected Type”), such Lender’s Affected Loans shall be automatically Converted into Base Rate Loans in the Dollar Equivalent Amount of such Affected Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (V F Corp)

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