Common use of Continuation and Conversion Options Clause in Contracts

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d)), as follows:

Appears in 11 contracts

Samples: Credit Agreement (Teladoc, Inc.), Credit Agreement (Albany Molecular Research Inc), Credit Agreement (Sucampo Pharmaceuticals, Inc.)

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Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the applicable Borrower in the applicable Notice of Borrowing. Thereafter, the such Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d)), as follows:

Appears in 6 contracts

Samples: Credit Agreement (Jazz Pharmaceuticals PLC), Credit Agreement (Jazz Pharmaceuticals PLC), Credit Agreement (Jazz Pharmaceuticals PLC)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, option to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section subsection 2.07(d)), as follows:

Appears in 4 contracts

Samples: Credit Agreement (Amf Bowling Worldwide Inc), Credit Agreement (Hillman Companies Inc), Credit Agreement (Hillman Companies Inc)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 2.05 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d2.06(d)), as follows:

Appears in 3 contracts

Samples: Term Loan Credit Agreement (MKS Instruments Inc), Term Loan Credit Agreement (MKS Instruments Inc), Security Agreement (MKS Instruments Inc)

Continuation and Conversion Options. The Loans included in each Revolving Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the applicable Borrower in the applicable Notice of Borrowing. Thereafter, the applicable Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d)), as follows:

Appears in 3 contracts

Samples: Abl Credit Agreement (MKS Instruments Inc), Assignment and Assumption (MKS Instruments Inc), Security Agreement (MKS Instruments Inc)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of any Loans (subject in each case to the provisions of Article ARTICLE III and Section 2.07(d)), as follows:

Appears in 2 contracts

Samples: Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section SECTION 2.06 and as specified by the Borrower Company in the applicable Notice of Borrowing. Thereafter, the Borrower Company shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article ARTICLE III and Section SUBSECTION 2.07(d)), as follows:

Appears in 2 contracts

Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business DayDay on and after the Syndication Date, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d)), as follows:

Appears in 2 contracts

Samples: Credit Agreement (Global Cash Access, Inc.), Credit Agreement (Central Credit, LLC)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section subsection 2.07(d)), as follows:

Appears in 2 contracts

Samples: Credit Agreement (Sbarro Express LLC), Credit Agreement (VeriFone Holdings, Inc.)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type Type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, option to elect to change or continue the type Type of interest rate borne by each Group of Loans Loan (subject in each case to the provisions of Article III and Section subsection 2.07(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business DayDay on and after the Syndication Date, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section subsection 2.07(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (VeriFone Holdings, Inc.)

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Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of any Loans (subject in each case to the provisions of Article III and Section subsection 2.07(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Verifone Systems, Inc.)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the applicable Borrower in the applicable Notice of Borrowing. Thereafter, the thesuch Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Jazz Pharmaceuticals PLC)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section SECTION 2.06 and as specified by the Borrower Company in the applicable Notice of Borrowing. Thereafter, the Borrower Company shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article ARTICLE III and Section 2.07(dSUBSECTION 2.07(D)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Synagro Technologies Inc)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 SECTION 2.07 and as specified by the relevant Borrower in the applicable Notice of Borrowing. Thereafter, the relevant Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans or Credit Extensions (subject in each case to the provisions of Article III ARTICLE III, SECTIONS 2.07(a) and Section 2.07(d2.08(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Brooks Pharmacy, Inc.)

Continuation and Conversion Options. The Loans included in each the Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 2.05 and as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article III and Section 2.07(dsubsection 2.06(d)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Fairchild Corp)

Continuation and Conversion Options. The Loans included in each Borrowing shall bear interest initially at the type of rate allowed by Section 2.06 and as specified by the Borrower Borrowers in the applicable Notice of Borrowing. Thereafter, the Borrower Borrowers shall have the option, on any Business Day, to elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of the definition of “Interest Period” and to Section 2.05 and Article III and Section 2.07(d)III), as follows:

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

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