Common use of Continuation and Conversion of Loans Clause in Contracts

Continuation and Conversion of Loans. 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 LIBOR Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 2 contracts

Samples: Financing Agreement (Milacron Inc), Financing Agreement (Milacron Inc)

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Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers Each Borrower shall have the right, at any timesubject to the provisions of Section 2.8, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR Loantype of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 2 contracts

Samples: Credit Agreement (Freeport McMoran Inc), Credit Agreement (Freeport McMoran Resource Partners Limited Partnership)

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

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Financing Agreement (Oglebay Norton Co /Ohio/)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers The Borrower shall have the right, at any timesubject to the provisions of Section 2.8, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by the Borrower to the Administrative Agent, to continue or convert any LIBOR Loantype of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 2 contracts

Samples: Credit Agreement (Freeport McMoran Inc), Credit Agreement (Fm Properties Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers Administrative 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 LIBOR Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Clean Harbors Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers The Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR Loantype of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (Freeport McMoran Sulphur Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers Each Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR LoanType of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan Type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Fm Properties Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers Each Borrower shall have the right, at any timesubject to the provisions of Section 3.8, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by such Borrower to the Administrative Agent, to continue or convert any LIBOR Loantype of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by such Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (Freeport McMoran Copper & Gold Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers The Borrower shall have the right, at any timesubject to the provisions of Section 2.08, (i) on three (3) Business Days' prior irrevocable written or telecopy notice by the Borrower to the Administrative Agent, to continue or convert any LIBOR Loantype of Loans as or into LIBO Rate Loans, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1ii) Business Day's prior with irrevocable written or telecopy notice by the Borrower to the Administrative AgentAgent by 10:30 a.m. on the date of such proposed continuation or conversion, to continue or convert any LIBOR Loan type of Loans as or portion thereof into a Reference Rate LoanLoans, in each case subject to the followingfollowing further conditions:

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

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Continuation and Conversion of Loans. 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 LIBOR Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers Borrower shall have the right, at any time, on three two (32) Business Days' Days prior irrevocable written or telecopy notice to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day's Day prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

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

Appears in 1 contract

Samples: Financing Agreement (Gordon Biersch Brewery Restaurant Group, Inc.)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three two (32) Business Days' prior irrevocable written or telecopy notice by the Administrative Borrower to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day's prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (North Atlantic Trading Co Inc)

Continuation and Conversion of Loans. Subject to Section 2.09 hereof, the Borrowers shall have the right, at any time, on three two (32) Business Days' Days prior irrevocable written or telecopy notice by the Administrative Borrower to the Administrative Agent, to continue any LIBOR Rate Loan, or any portion thereof, into a subsequent Interest Period or to convert any Reference Rate Loan or portion thereof into a LIBOR Rate Loan, or on one (1) Business Day's Day prior irrevocable written or telecopy notice to the Administrative Agent, to convert any LIBOR Rate Loan or portion thereof into a Reference Rate Loan, subject to the following:

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

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