Common use of Borrower’s Failure to Notify Clause in Contracts

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 7 contracts

Samples: Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement, Credit Agreement (Jones Lang Lasalle Inc)

AutoNDA by SimpleDocs

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has such Borrowing is not notified prepaid in accordance with Section 1.8(a), the Administrative Agent within Borrower shall be deemed to have given the period required by Section 1.9(anotice three (3) hereof that it intends Business Days prior to prepay such Borrowing, the end of the then current Interest Period and such Borrowing shall automatically be converted into continued as a Borrowing of Domestic Rate Loans, a Eurodollar Loan with a one (1) month Interest Period; provided that all Lenders are able to accommodate such one (1) month Interest Period and such Eurodollar Loan shall be subject to the funding indemnity set forth in Section 6.2 hereof1.11 hereof in the event it is prepaid prior to the end of the Interest Period. If In the event the Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or at the option of the Swing Line Lender under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 7 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (CTO Realty Growth, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 5 contracts

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay or repay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If The Administrative Agent shall promptly notify the Banks of the Borrower’s failure to so give a notice under Section 2.5(a) hereof. In the event the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above hereof of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (New York time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 4 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 Six hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Eurodollar Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 Six hereof. In the event the Borrower fails to give notice pursuant to Section 2.6(a) above of a Borrowing equal to the amount of a Reimbursement Obligation and has not notified the Agent by 10:00 a.m. (Chicago time) on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such day in the amount of the Reimbursement Obligation then due, subject to Section Six hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 3 contracts

Samples: Credit Agreement (Transport Corporation of America Inc), Credit Agreement (Transport Corporation of America Inc), Credit Agreement (Transport Corporation of America Inc)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing). If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 1:00 p.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 3 contracts

Samples: Credit Agreement (All American Semiconductor Inc), Credit Agreement (CalAmp Corp.), Credit Agreement (Check Technology Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 7.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.4(a) hereof that it the Borrower intends to convert such Borrowing into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 7.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 3 contracts

Samples: Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 6.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a). If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 6.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 1:00 p.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Swing Loans, if such Borrowing would not cause the outstanding Swing Loans to exceed the Swing Line Sublimit, or if the Swing Line Sublimit would be exceeded, then a Borrowing of Base Rate Loans under the Revolving Credit on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower Company fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion reborrowing of any outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Committed Revolving Loans or Term Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.2(a) hereof and has not notified the Administrative Agent within by 10:00 a.m. (Chicago time) on such last day of the period required by Section 1.9(a) hereof Interest Period that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be converted into repaid through a Borrowing by the same Borrower of Committed Domestic Rate Loans, subject to Section 6.2 11.2 hereof. If the Borrower Company fails to give notice pursuant to Section 1.6(a2.2(a) above of the continuation reborrowing of any the outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a2.2(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a10:00 a.m. (Chicago time) hereof on the Business Day four (4) Business Days prior to the day such Borrowing matures that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be continued as repaid through a Borrowing by the same Borrower of Committed Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 11.2 hereof, including the application of Section 1.4 hereof 5.2 and of the restrictions contained in the definition of Interest Period. In the event the Company fails to give notice pursuant to Section 2.2(a) above of a Borrowing equal to the amount of a Reimbursement Obligation of any Borrower payable in U.S. Dollars and has not notified the Administrative Agent by 10:00 a.m. (Chicago time) on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Company shall be deemed to have requested a Borrowing by the Company of Domestic Rate Loans on such day in the amount of the Reimbursement Obligation then due, subject to Section 11 hereof, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (General Binding Corp), Multicurrency Credit Agreement (General Binding Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.7(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a1.10(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.7(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.7(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.10(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.7(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.7(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.10(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof 1.5 and of the restrictions contained in the definition of Interest Period.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 7.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.4(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 7.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 7.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Maytag Corp), Credit Agreement (Maytag Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower Company fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion reborrowing of any outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Committed Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within by 10:00 a.m. (Chicago time) on such last day of the period required by Section 1.9(a) hereof Interest Period that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be converted into repaid through a Borrowing by the same Borrower of Committed Domestic Rate Loans, subject to Section 6.2 11.2 hereof. If the Borrower Company fails to give notice pursuant to Section 1.6(a1.4(a) above of the continuation reborrowing of any the outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a10:00 a.m. (Chicago time) hereof on the Business Day four (4) Business Days prior to the day such Borrowing matures that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be continued as repaid through a Borrowing by the same Borrower of Committed Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 11.2 hereof, including the application of Section 1.4 hereof 5.2 and of the restrictions contained in the definition of Interest Period. In the event the Company fails to give notice pursuant to Section 1.4(a) above of a Borrowing equal to the amount of a Reimbursement Obligation of any Borrower payable in U.S. Dollars and has not notified the Administrative Agent by 10:00 a.m. (Chicago time) on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Company shall be deemed to have requested a Borrowing by the Company of Domestic Rate Loans on such day in the amount of the Reimbursement Obligation then due, subject to Section 11 hereof, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Sickinger Co)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 8.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the relevant Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a4.5(a) hereof that it intends to prepay such Borrowing. If the relevant Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a4.5(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 8.2 hereof. If the relevant Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a4.5(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 8.2 hereof, including the application of Section 1.4 hereof 1.5 and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 10:00 a.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Revolving Credit Agreement (NRG Energy Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower Company fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion reborrowing of any outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Committed Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.2(a) hereof and has not notified the Administrative Agent within by 10:00 a.m. (Chicago time) on such last day of the period required by Section 1.9(a) hereof Interest Period that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be converted into repaid through a Borrowing by the same Borrower of Committed Domestic Rate Loans, subject to Section 6.2 11.2 hereof. If the Borrower Company fails to give notice pursuant to Section 1.6(a2.2(a) above of the continuation reborrowing of any the outstanding principal amount of a Borrowing by any Borrower of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a2.2(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a10:00 a.m. (Chicago time) hereof on the Business Day four (4) Business Days prior to the day such Borrowing matures that it the Company or such Borrower intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be continued as repaid through a Borrowing by the same Borrower of Committed Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 11.2 hereof, including the application of Section 1.4 hereof 5.2 and of the restrictions contained in the definition of Interest Period. In the event the Company fails to give notice pursuant to Section 2.2(a) above of a Borrowing equal to the amount of a Reimbursement Obligation of any Borrower payable in U.S. Dollars and has not notified the Administrative Agent by 10:00 a.m. (Chicago time) on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Company shall be deemed to have requested a Borrowing by the Company of Domestic Rate Loans on such day in the amount of the Reimbursement Obligation then due, subject to Section 11 hereof, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (General Binding Corp)

Borrower’s Failure to Notify. Any outstanding Committed Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it intends to convert such Committed Borrowing into a Committed Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a1.14(a) hereof that it intends to prepay such Committed Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Committed Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.14(a) hereof that it intends to prepay such Committed Borrowing, such Committed Borrowing shall automatically be converted into a Committed Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of the continuation of any outstanding principal amount of a Committed Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.14(a) hereof that it intends to prepay such Committed Borrowing, such Borrowing shall automatically be continued as a Committed Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (U S Robotics Corp/De/)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a1.8(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Lasalle Partners Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 7.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.4(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 7.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.4(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.4(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 7.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Maytag Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period as a Base Rate Loan unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency LIBOR Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency LIBOR Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If The Administrative Agent shall promptly notify the Banks of the Borrower’s failure to so give a notice under Section 2.5(a). In the event Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 11:00 am (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Peoples Energy Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If The Administrative Agent shall promptly notify the Banks of Borrower’s failure to so give a notice under Section 2.5(a). In the event Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (New York time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Black Hills Corp /Sd/)

AutoNDA by SimpleDocs

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a). If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or, at the option of the Administrative Agent, under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing). If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 1:00 p.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or, at the option of the Administrative Agent, under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Ios Brands Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency EurocurrencyRFR Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. Any outstanding Borrowing of RFR Loans denominated in an Alternative Currency shall, subject to the penultimate sentence of Section 1.6(a), automatically be continued as a Borrowing of RFR Loans in the same Alternative Currency for an additional Interest Period on the last day of its then current Interest Period unless the Borrower notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency EurocurrencyRFR Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into intocontinued as a Borrowing of Domestic Rate LoansRateRFR Loans denominated in U.S. Dollars with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 6.21.4 hereof and of the restrictions contained in the definition of Interest Period. If the Borrower fails to give notice pursuant to Section 1.6(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.of

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 8.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a3.3(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a3.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 8.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an the Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a3.3(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 8.2 hereof, including the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Bell Sports Corp)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a). If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.8(a), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 1:00 p.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or, at the option of the Administrative Agent, under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 8.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a1.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a3.5(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof 3.5 that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 8.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof 3.5 that it intends to prepay such Borrowing, such Borrowing shall automatically be continued as a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 8.2 hereof, including the application of Section 1.4 hereof 1.5 and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has such Borrowing is not notified prepaid in accordance with Section 1.8(a), the Administrative Agent within Borrower shall be deemed to have given the period required by Section 1.9(anotice three (3) hereof that it intends Business Days prior to prepay such Borrowing, the end of the then current Interest Period and such Borrowing shall automatically be converted into continued as a Borrowing of Domestic Rate Loans, a Eurodollar Loan with a one (1) month Interest Period; provided that all Lenders are able to accommodate such one (1) month Interest Period and such Eurodollar Loan shall be subject to the ​ ​ funding indemnity set forth in Section 6.2 hereof1.11 hereof in the event it is prepaid prior to the end of the Interest Period. If In the event the Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or at the option of the Swing Line Lender under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.10(a). If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing1.10(a), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 11:00 a.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans under the Revolving Credit (or, at the option of the Administrative Agent, under the Swing Line) on such day in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 hereof and amount of the restrictions contained in Reimbursement Obligation then due, which Borrowing shall be applied to pay the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on In the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing. If event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) hereof above of the continuation or conversion reborrowing of any outstanding the principal amount of a any maturing Borrowing of Eurocurrency Committed Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within by 11:00 a.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Borrowing matures that it intends to prepay repay such Borrowing, such Borrowing the Borrower shall automatically be converted into deemed to have requested a Borrowing of Domestic Base Rate Loans on such day in the amount of the maturing Borrowing of Committed Loans, subject to Section 6.2 8.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 11:00 a.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 8 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

Borrower’s Failure to Notify. Any outstanding If the Borrower fails to give notice pursuant to Section 1.5(a) above of the reborrowing of the principal amount of any maturing Borrowing of Loans denominated in U.S. Dollars or of a Borrowing of Loans equal to the amount of a Reimbursement Obligation and has not notified the Agent by 10:30 A.M. (Chicago time) on the day such Borrowing matures or such Reimbursement Obligation becomes due that it intends to repay such Borrowing or such Reimbursement Obligation with funds not borrowed hereunder, the Borrower shall be deemed to have requested a Borrowing of Domestic Rate Loans shallon such day in the amount of the maturing Borrowing of Loans or of the Reimbursement Obligation then due, subject to Section 6.2 hereof, automatically which Borrowing shall be continued for an additional Interest Period on applied to pay the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it intends to convert such Borrowing into a maturing Borrowing of Eurocurrency Loans or notifies the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such BorrowingReimbursement Obligation then due. If the Borrower fails to give notice pursuant to Section 1.6(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Rate Loans, subject to Section 6.2 hereof. If the Borrower fails to give notice pursuant to Section 1.6(a1.5(a) above of the continuation reborrowing of any the outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a1.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a1.8(a) hereof that it intends to prepay repay such BorrowingBorrowing through funds not borrowed hereunder, such Borrowing shall automatically be continued as repaid through a Borrowing of Eurocurrency Loans in the same Alternative Currency with an Interest Period of one month, subject to Section 6.2 hereof, including the application of Section 1.4 6 hereof and of the restrictions contained in the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Atchison Casting Corp)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay or repay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If The Administrative Agent shall promptly notify the Banks of Borrower’s failure to so give a notice under Section 2.5(a). In the event Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (New York time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Black Hills Corp /Sd/)

Borrower’s Failure to Notify. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, automatically be continued for an additional Interest Period on the last day of its then current Interest Period as a Base Rate Loan unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a2.5(a) hereof that it intends to convert such Borrowing into a Borrowing of Eurocurrency LIBOR Loans or notifies the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing. If the Borrower fails to give notice pursuant to Section 1.6(a2.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency LIBOR Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a2.5(a) hereof and has not notified the Administrative Agent within the period required by Section 1.9(a2.8(a) hereof that it intends to prepay such Borrowing, such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If The Administrative Agent shall promptly notify the Banks of the Borrower’s failure to so give a notice under Section 2.5(a). In the event Borrower fails to give notice pursuant to Section 1.6(a2.5(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 12:00 noon (Eastern time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Peoples Energy Corp)

Borrower’s Failure to Notify. Automatic Continuations and Conversions. Any outstanding Borrowing of Domestic Base Rate Loans shall, subject to Section 6.2 hereof, shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.6(a) hereof that it the Borrower intends to convert such Borrowing Borrowing, subject to Section 7.2 hereof, into a Borrowing of Eurocurrency Eurodollar Loans or notifies the Administrative Agent within the period required by such Borrowing is prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing). If the Borrower fails to give notice pursuant to Section 1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.2 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied and has such Borrowing is not notified the Administrative Agent within the period required by prepaid in accordance with Section 1.9(a) hereof that it intends to prepay such Borrowing), such Borrowing shall automatically be converted into a Borrowing of Domestic Base Rate Loans, subject to Section 6.2 hereof. If In the event the Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the continuation of any outstanding principal amount of a Borrowing of Eurocurrency Loans denominated in an Alternative Currency before the last day of its then current Interest Period within the period required by Section 1.6(a) hereof Reimbursement Obligation and has not notified the Administrative Agent within by 1:00 p.m. (Chicago time) on the period required by Section 1.9(a) hereof day such Reimbursement Obligation becomes due that it intends to prepay repay such BorrowingReimbursement Obligation through funds not borrowed under this Agreement, such Borrowing the Borrower shall automatically be continued as deemed to have requested a Borrowing of Eurocurrency Base Rate Loans on such day in the same Alternative Currency with an Interest Period amount of one monththe Reimbursement Obligation then due, subject to Section 6.2 7 hereof, including which Borrowing shall be applied to pay the application of Section 1.4 hereof and of the restrictions contained in the definition of Interest PeriodReimbursement Obligation then due.

Appears in 1 contract

Samples: Credit Agreement (Diamond Home Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!