Certain Mandatory Conversions. (i) Upon the occurrence and during the continuance of any Event of Default, (x) each Eurocurrency Loan will automatically, on the last day of the then current Interest Period therefor, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, Eurocurrency Loans shall be suspended.
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Samples: Credit Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.)
Certain Mandatory Conversions. (i) Upon the occurrence and during the continuance of any Event of Default, (x) each Eurocurrency Loan will automatically, on the last day of the then current Interest Period (in the case of a Eurocurrency Loan other than a XXXXX Rate Loan) or calendar quarter (in the case of a XXXXX Rate Loan), as applicable, therefor, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, Eurocurrency Loans shall be suspended.
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Certain Mandatory Conversions. (i) Upon i)Upon the occurrence and during the continuance of any Event of Default, (x) each SOFR Loan or Eurocurrency Loan will automatically, on the last day of the then current Interest Period therefortherefore, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, SOFR Loans or Eurocurrency Loans Loans, as applicable, shall be suspended.
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