Continuation Notice definition
Examples of Continuation Notice in a sentence
The Borrower may elect from time to time to convert Base Rate Loans to LIBOR Loans by the Borrower giving the Agent at least three Eurodollar Business Days' prior irrevocable written notice of such election pursuant to a Continuation Notice.
Any Amendments to this Agreement that occur after a properly executed Continuation Notice has been delivered as described herein must be ratified by one of the following individuals before the Amendment is effective and enforceable against Buyer: L▇▇▇▇▇ ▇▇▇▇▇▇, J▇▇▇▇▇▇ ▇▇▇▇▇▇▇ or C▇▇▇ ▇▇▇▇▇▇.
B▇▇▇▇’s delivery of the properly executed Continuation Notice shall constitute satisfaction of this Buyer’s Condition Precedent.
The Borrower shall deliver a Conversion/ Continuation Notice to the Administrative Agent at the Notice Office no later than 12:00 noon (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed Conversion/Continuation Date (in the case of a conversion to, or a continuation of, a Eurodollar Loan).
In the event Borrower fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding Notice or Conversion/ Continuation Notice, Borrower shall be deemed to have selected an Interest Period of one month.