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

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a) and such Borrowing is not prepaid in accordance with Section 1.6(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Intl Fcstone Inc.), Credit Agreement (International Assets Holding Corp)

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Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a2.3(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a2.3(a) for a Borrowing of Eurodollar Loans or, whether or not such notice has been given, a Default or Event of Default then exists and such Borrowing is not prepaid in accordance with Section 1.6(a)prepaid, such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a1.3(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a1.3(a) and such Borrowing is not prepaid in accordance with Section 1.6(a)repaid, such Borrowing shall automatically be converted into a an equal Borrowing of Base Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Emcor Group Inc)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a1.5(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a1.5(a) and such Borrowing is not prepaid in accordance with Section 1.6(a1.7(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (BGC Partners, Inc.)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a1.5(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a) and such Borrowing is not prepaid in accordance with Section 1.6(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.by

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Finance Corp)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a2.4(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a2.4(a) and such Borrowing is not prepaid in accordance with Section 1.6(a2.6(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Cowen Inc.)

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Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a) and such Borrowing is not prepaid in accordance with Section 1.6(a1.7(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a2.3(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a2.3(a) for a Borrowing of Eurodollar Loans or, whether or not such notice has been given, a Default or Event of Default then exists and such Borrowing is not prepaid in accordance with Section 1.6(a)prepaid, such Borrowing shall automatically be converted into a Borrowing of Base Domestic Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Borrower’s Failure to Notify. If the Borrower fails to give notice pursuant to Section 1.4(a2.6(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.4(a2.6(a) and such Borrowing is not prepaid in accordance with Section 1.6(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.with

Appears in 1 contract

Samples: Credit Agreement (Cal-Maine Foods Inc)

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