Common use of Continuation and Conversion of Loans Clause in Contracts

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Loan, subject to the following:

Appears in 2 contracts

Samples: Financing Agreement (Norton McNaughton Inc), Financing Agreement (Norton McNaughton Inc)

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Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers Borrower shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate Reference Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Reference Loan, subject to the following:

Appears in 2 contracts

Samples: Credit Agreement (Weiners Stores Inc), Revolving Credit Agreement (Weiners Stores Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice given by the Parent to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Genesis Direct Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Aris Industries Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (McNaughton Apparel Group Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof2.03 and Section 2.10, the Borrowers Administrative Borrower shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Loan or portion thereof into a Eurodollar LoanPeriod, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Gs Technologies Operating Co Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.08 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Prime Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Prime Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Happy Kids Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Chic by H I S Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers a Company shall have the right, at any time, time (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Pledge Agreement (Emergent Group Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers Borrower shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate Loan or portion thereof into a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Starband Communications Inc)

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Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers Borrower shall have the right, at any time, time (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Cityscape Financial Corp)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, or any portion thereof, into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate ABR Loan or portion thereof into (other than any Overadvance) to a Eurodollar Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate an ABR Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Milacron Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers Administrative Borrower shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Hechinger Co)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers Borrower shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Best Products Co Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers Borrower shall have the right, at any time, (i) on three (3) Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (ii) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Television & Appliances Inc)

Continuation and Conversion of Loans. (a) Subject to Section 2.09 2.03 and Section 2.10 hereof, the Borrowers shall have the right, at any time, (a) on three (3) Business Days' prior irrevocable written or telecopy telephonic notice to the Administrative Agent, to continue any Eurodollar Loan, Loan or any portion thereof, thereof into a subsequent Interest Period or, after the Syndication Date, or to convert any Base Rate Prime Loan or portion thereof into a Eurodollar Loan, or (b) on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any Eurodollar Loan or portion thereof into a Base Rate Prime Loan, subject to the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Planet Hollywood International Inc)

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