Common use of Automatic Conversion and Continuation Clause in Contracts

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 8 contracts

Samples: Credit Agreement (Metals Usa Inc), Credit Agreement (Precept Business Services Inc), Credit Agreement (Homeusa Inc)

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Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent notice a Borrowing/Election Notice in accordance with SECTION 2.8(DSection 2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Energizer Holdings Inc), Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent notice a Borrowing/Election Notice in accordance with SECTION 2.8(DSection 2.09(d) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 5 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Credit Agreement (Energizer SpinCo, Inc.), Credit Agreement (Energizer Holdings Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Eurocurrency Rate Loans. Eurodollar Eurocurrency Rate Loans shall continue as Eurodollar Eurocurrency Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION 2.8(DSection 2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Rate Loans continue as a Eurodollar Eurocurrency Rate Loan.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Woodward, Inc.), Term Loan Credit Agreement (Woodward Governor Co), Term Loan Credit Agreement (Woodward Governor Co)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless such Eurodollar Rate Loans shall have been repaid or the Borrower Company shall have given the Administrative Agent notice in accordance with SECTION 2.8(DSection 2.9(d) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 3 contracts

Samples: Term Loan Agreement (Chicago Bridge & Iron Co N V), Revolving Credit Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION Section 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION 2.8(DSection 2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Credit Agreement (Quixote Corp), Credit Agreement (Spartan Stores Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Term Credit Agreement (Ball Corp), Long Term Credit Agreement (Ball Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent notice a Borrowing/Election Notice in accordance with SECTION 2.8(D‎Section 2.09(d) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Credit Agreement (Energizer Holdings, Inc.)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent Lender notice in accordance with SECTION 2.8(DSection 2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 2 contracts

Samples: Subsidiary Stock Pledge Agreement (Quixote Corp), Assignment and Assumption Agreement (Quixote Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate LoanLoans.

Appears in 1 contract

Samples: Credit Agreement (Archibald Candy Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice a Borrowing/Election Notice in accordance with SECTION 2.8(D2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Huttig Building Products Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(DSection 2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Eurocurrency Rate Loans. Eurodollar Eurocurrency Rate Loans shall continue as Eurodollar Eurocurrency Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower Company shall have given the Administrative Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Rate Loans continue as a Eurodollar Eurocurrency Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall ------------------------------------- continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the applicable Borrower shall have given the Agent notice in accordance with SECTION 2.8(DSection 2.10(D) requesting that, at --------------- the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Pacer International Inc)

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Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Eurocurrency Rate Loans. Eurodollar Eurocurrency Rate Loans shall continue as Eurodollar Eurocurrency Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Rate Loans s shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION Section 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Rate Loans continue as a Eurodollar Eurocurrency Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Steiner Leisure LTD)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (American Medserve Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.with

Appears in 1 contract

Samples: Credit Agreement (Metals Usa Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Each Eurodollar Rate Loans Loan shall continue as a Eurodollar Rate Loans Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans Loan shall be automatically converted into a Floating Rate Loans Loan unless the Borrower shall have given the Agent notice in accordance with SECTION 2.8(D2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans Loan continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (American Medserve Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the applicable Borrower shall have given the Agent notice in accordance with SECTION 2.8(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (American Architectural Products Corp)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION 2.8(D2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Spartan Stores Inc)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Eurocurrency Rate Loans. Eurodollar Eurocurrency Rate Loans shall continue as Eurodollar Eurocurrency Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Rate Loans s shall be automatically converted into Floating Rate Loans unless the Borrower shall have given the Administrative Agent notice in accordance with SECTION 2.8(DSection 2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Rate Loans continue as a Eurodollar Eurocurrency Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Steiner Leisure LTD)

Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower Representative shall have given the Agent notice in accordance with SECTION 2.8(DSection 2.10(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /In/)

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