Common use of Borrowings, Conversions and Continuations of Committed Loans Clause in Contracts

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 3 contracts

Samples: Credit Agreement (Reliance Steel & Aluminum Co), Credit Agreement (Reliance Steel & Aluminum Co), Credit Agreement (Reliance Steel & Aluminum Co)

AutoNDA by SimpleDocs

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor therefor, and may request that such Committed Loans be Offshore Rate Loans or Base Rate Loans, by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or and Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 2 contracts

Samples: Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Seafood Restaurants Inc)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans on any Business Day in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or and Continuations of Committed Loans shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding prior sentence.

Appears in 1 contract

Samples: Credit Agreement (Esco Technologies Inc)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings; provided, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.however, that Borrower may not make more than three (3)

Appears in 1 contract

Samples: Credit Agreement (Aimco Properties Lp)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative the Agent not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Flowserve Corp)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent the Lender not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Reliance Steel & Aluminum Co)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Reliance Steel & Aluminum Co)

AutoNDA by SimpleDocs

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent the Bank not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Reliance Steel & Aluminum Co)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or and Continuations of Committed Loans shall constitute Base Rate ABR Loans unless properly and timely otherwise designated as set forth in the preceding prior sentence.

Appears in 1 contract

Samples: Credit Agreement (Sabre Holding Corp)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or and Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding prior sentence.

Appears in 1 contract

Samples: Credit Agreement (Longs Drug Stores Corp)

Borrowings, Conversions and Continuations of Committed Loans. (a) Borrowers Borrower may irrevocably request a Borrowing, Conversion or Continuation of Committed Loans in a Minimum Amount therefor by delivering a duly completed Request for Extension of Credit therefor by Requisite Notice to the Administrative Agent not later than the Requisite Time therefor. All Borrowings, Conversions or Continuations shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Reliance Steel & Aluminum Co)

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