Common use of Absence of Notice Clause in Contracts

Absence of Notice. Subject to Section 3.5 in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing LIBOR Loan in favour of the Borrower shall be automatically converted to a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.2.

Appears in 3 contracts

Samples: Loan Agreement (Silver Wheaton Corp.), Bridge Loan Agreement (Silver Wheaton Corp.), Loan Agreement (Silver Wheaton Corp.)

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Absence of Notice. Subject to Section Sections 3.5 in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing LIBOR Loan in favour of the Borrower shall be automatically converted to a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.2.

Appears in 3 contracts

Samples: Credit Agreement (Sandstorm Gold LTD), Credit Agreement (Sandstorm Gold LTD), Credit Agreement (Silver Wheaton Corp.)

Absence of Notice. Subject to Section 3.5 3.7, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing LIBOR Loan in favour of the a Borrower shall be automatically converted to a Base Rate Canada Loan and a maturing Bankers' Acceptance or BA Rate Loan shall be automatically converted to a Prime Rate Loan, as though a notice to such effect had been given in accordance with Section 6.26.4.

Appears in 1 contract

Samples: Loan Agreement (4352351 Canada Inc.)

Absence of Notice. Subject to Section 3.5 3.7, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing LIBOR Loan in favour of the a Borrower shall be automatically converted to a Base Rate Canada Loan and a maturing Bankers’ Acceptance or BA Rate Loan shall be automatically converted to a Prime Rate Loan, as though a notice to such effect had been given in accordance with Section 6.26.4.

Appears in 1 contract

Samples: Loan Agreement (Lundin Mining CORP)

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Absence of Notice. Subject to Section 3.5 Sections 3.7 and 3.8, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing LIBOR Loan in favour of the a Canadian Borrower shall be automatically converted to a Base Rate Canada Loan, a maturing LIBOR Loan in favour of a U.S. Borrower shall automatically be converted to a Base Rate New York Loan and a maturing Bankers' Acceptance or BA Rate Loan shall be automatically converted to a Prime Rate Loan as though a notice to such effect had been given in accordance with Section 6.26.4.

Appears in 1 contract

Samples: Credit Agreement (Kinross Gold Corp)

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