Common use of Borrowing; Conversion; Continuation Clause in Contracts

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2), request in a written or telephonic communication with Foothill: (i) Advances to constitute Eurodollar Rate Loans; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Storage Technology Inc)

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Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances or the Term Loan to constitute Eurodollar Rate LoansLoans (pursuant to Sections 2.1(f)) and 2.3(b); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Computron Software Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication communication, with Foothill: (i) Advances to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.1(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:: (v) no Event of Default exists;

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances Loans to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.12(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continuedcontinue, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances to constitute Eurodollar Rate LoansLoans (pursuant to SECTION 2.1(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Aldila Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2), request in a written or telephonic communication with FoothillAgent: (i) Advances to constitute Eurodollar Rate Loans; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothillwriting to Agent: (i) Advances Loans (other than Tranche B Term Loans) to constitute Eurodollar Rate Loans; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), ) and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Thomaston Mills Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances to that a proposed Advance constitute a Eurodollar Rate LoansLoan; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Discovery Zone Inc)

Borrowing; Conversion; Continuation. Borrower Borrowers may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with FoothillLender: (i) Advances to constitute Eurodollar Rate LoansAdvances; (ii) that Reference Rate Loans Advances be converted into Eurodollar Rate LoansAdvances; or (iii) that existing Eurodollar Rate Loans Advances continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate LoansAdvances, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans Advances shall be the last day of the Interest Period of the existing Eurodollar Rate Loans Advances being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans Advances may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Vista Eyecare Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.1(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Oneita Industries Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date time (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND Section 3.2), request in a written or telephonic communication with Foothill: (i) Advances to constitute Eurodollar Rate Loans; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Gi Joes Inc)

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Borrowing; Conversion; Continuation. Borrower Borrowers may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances Loans to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.12(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continuedcontinue, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Borrowing; Conversion; Continuation. Borrower Borrowers may from time to time, on ------------------------------------ or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS Sections 3.1 AND 3.2), request and 3.2),request in a written or telephonic communication with ----------------------- Foothill: (i) Advances to constitute Eurodollar Rate Loans; (ii) that ii)that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS Sections 3.1 AND and 3.2), request in a written or telephonic communication with FoothillAgent: (i) Advances to constitute made up of Eurodollar Rate Loans; (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date Funding Date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date Funding Date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Amendment Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with FoothillLender: (i) Advances to constitute Eurodollar Rate LoansAdvances; (ii) that Reference Rate Loans Advances be converted into Eurodollar Rate LoansAdvances; or (iii) that existing Eurodollar Rate Loans Advances continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate LoansAdvances, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans Advances shall be the last day of the Interest Period of the existing Eurodollar Rate Loans Advances being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans Advances may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Credit Agreement (Vista Eyecare Inc)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS 3.1 AND 3.2)Date, request in a written or telephonic communication with Foothill: (i) Advances or Capital Expenditure Loans to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.1(c)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (Period, in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, therefor each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Dep Corp)

Borrowing; Conversion; Continuation. Borrower may from time to time, on or after the Closing Date (and subject to the satisfaction of the requirements of SECTIONS Sections 3.1 AND and 3.2), request in a written or telephonic communication with FoothillAgent: (i) Advances to constitute Eurodollar Rate LoansLoans (pursuant to Section 2.1(d)); (ii) that Reference Rate Loans be converted into Eurodollar Rate Loans; or (iii) that existing Eurodollar Rate Loans continue for an additional Interest Period. Any such request shall specify the aggregate amount of the requested Eurodollar Rate Loans, the proposed funding date therefor (which shall be a Business Day, and with respect to continued Eurodollar Rate Loans shall be the last day of the Interest Period of the existing Eurodollar Rate Loans being continued), and the proposed Interest Period (in each case subject to the limitations set forth below). Eurodollar Rate Loans may only be made, continued, or extended if, as of the proposed funding date therefor, each of the following conditions is satisfied:

Appears in 1 contract

Samples: Loan and Security Agreement (Samuels Jewelers Inc)

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