Common use of CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2 Clause in Contracts

CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 AND 2.20. If the Loans of any Bank of a particular Type (Loans of such Type are hereinafter referred to as "AFFECTED LOANS" and such Type is hereinafter referred to as the "AFFECTED TYPE") are to be converted pursuant to Section 2.18 or 2.20 hereof, such Bank's Affected Loans shall be converted into Base Rate Loans, or LIBOR Loans of another Type, as the case may be (the "NEW TYPE LOANS"), on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b) or Section 2.20 hereof, on such earlier date as such Bank may specify to the Borrowers with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 or 2.20 hereof which gave rise to such conversion no longer exist:

Appears in 4 contracts

Samples: Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

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CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 19 AND 2.202.21. If the Loans of any Bank of a particular Type (Loans of such Type are hereinafter referred to as "AFFECTED LOANS" and such Type is hereinafter referred to as the "AFFECTED TYPE") are to be converted pursuant to Section 2.18 2.19 or 2.20 2.21 hereof, such Bank's Affected Loans shall be converted into Base Prime Rate Loans, or LIBOR Loans of another Type, as the case may be (the "NEW TYPE LOANS"), on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b2.19(b) or Section 2.20 2.21 hereof, on such earlier date as such Bank may specify to the Borrowers with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 2.19 or 2.20 2.21 hereof which gave rise to such conversion no longer exist:

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 22 AND 2.202.24. If the Loans of any Bank of a particular Type type (Loans of such Type type are hereinafter referred to as "AFFECTED LOANS" and such Type type is hereinafter referred to as the "AFFECTED TYPE") are to be converted pursuant to Section 2.18 2.22 or 2.20 2.24 hereof, such Bank's Affected Loans shall be converted into Base Rate Loans, or LIBOR Eurodollar Loans of another Typetype, as the case may be (the "NEW TYPE LOANS"), ) on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b2.22(b) or Section 2.20 2.24 hereof, on such earlier date as such Bank may specify to the Borrowers Borrower with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 2.22 or 2.20 2.24 hereof which that gave rise to such conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 19 AND 2.202.21. If the Loans of any Bank of a particular Type (Loans of such Type are hereinafter referred to as "AFFECTED LOANS" and such Type is hereinafter referred to as the "AFFECTED TYPE") are to be converted pursuant to Section 2.18 2.19 or 2.20 2.21 hereof, such Bank's Affected Loans shall be converted into Base Prime Rate Loans, or LIBOR Loans of another Type, as the case may be (the "NEW TYPE LOANS"), on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b2.19(b) or Section 2.20 2.21 hereof, on such earlier date as such Bank may specify to the Borrowers Borrower with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 2.19 or 2.20 2.21 hereof which gave rise to such conversion no longer exist:

Appears in 1 contract

Samples: Loan Agreement (Omega Worldwide Inc)

CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 20 AND 2.202.22. If the Loans of any Bank Lender of a particular Type type (Loans of such Type type are hereinafter referred to as "AFFECTED LOANS" and such Type type is hereinafter referred to as the "AFFECTED TYPE") are to be converted pursuant to Section 2.18 SECTION 2.20 or 2.20 hereof2.22, such BankLender's Affected Loans shall be converted into Base Rate Loans, or LIBOR Loans of another Type, as the case may be (the "NEW TYPE LOANS"), ) on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(bSubsection 2.20(c) or Section 2.20 hereof, 2.22 on such earlier date as such Bank Lender may specify to the Borrowers Borrower with a copy to the Agent) and, until such Bank Lender gives notice as provided below that the circumstances specified in Section 2.18 or 2.20 hereof which gave rise to such conversion no longer exist:as

Appears in 1 contract

Samples: Credit Agreement (Saga Communications Inc)

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CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 19 AND 2.202.21. If the Loans of any Bank of a particular Type (Loans of such Type are hereinafter referred to as "'AFFECTED LOANS" ' and such Type is hereinafter referred to as the "'AFFECTED TYPE"') are to be converted pursuant to Section 2.18 2.19 or 2.20 2.21 hereof, such Bank's Affected Loans shall be converted into Base Prime Rate Loans, or LIBOR Loans of another Type, as the case may be (the "'NEW TYPE LOANS"'), on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b2.19(b) or Section 2.20 2.21 hereof, on such earlier date as such Bank may specify to the Borrowers with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 2.19 or 2.20 2.21 hereof which gave rise to such conversion no longer exist:

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

CERTAIN CONVERSIONS PURSUANT TO SECTIONS 2. 18 AND and 2.20. If the Loans of any Bank of a particular Type (Loans of such Type are hereinafter referred to as "AFFECTED LOANS" “Affected Loans” and such Type is hereinafter referred to as the "AFFECTED TYPE"“Affected Type”) are to be converted pursuant to Section 2.18 or 2.20 hereof, such Bank's ’s Affected Loans shall be converted into Base Rate Loans, or LIBOR Loans of another Type, as the case may be (the "NEW TYPE LOANS"“New Type Loans”), on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a conversion required by subsection 2.18(b) or Section 2.20 hereof, on such earlier date as such Bank may specify to the Borrowers with a copy to the Agent) and, until such Bank gives notice as provided below that the circumstances specified in Section 2.18 or 2.20 hereof which gave rise to such conversion no longer exist:

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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