Common use of Continuation/Conversion Clause in Contracts

Continuation/Conversion. (i) Borrower may elect from time to time to convert all or any portion of the outstanding Base Rate Loan to a LIBOR Loan by giving the Agent a completed and duly executed irrevocable notice of such election, in the form and substance of Exhibit D hereto (the "Continuation/Conversion Notice") not later than 12:00 noon (St. Louis time) on the second LIBOR Business Day before the proposed date of conversion, specifying the proposed date of conversion, the portion of the Base Rate Loan to be converted, and the duration of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment Inc)

AutoNDA by SimpleDocs

Continuation/Conversion. (i) Borrower may elect from time to time to convert all or any portion of the outstanding Base Rate Loan to a LIBOR Loan by giving the Agent a completed and duly executed irrevocable notice of such election, in the form and substance of Exhibit D B hereto (the "Continuation/Conversion Notice") not later than 12:00 noon 11:00 A.M. (St. Louis San Antonio time) on the second LIBOR Business Day before the proposed date of conversion, specifying the proposed date of conversion, the portion of the Base Rate Loan to be converted, and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Billing Information Concepts Corp)

AutoNDA by SimpleDocs

Continuation/Conversion. (i) Borrower may elect from time to time to convert all or any portion of the outstanding Base Rate Loan to a LIBOR Loan by giving the Agent a completed and duly executed irrevocable notice of such election, in the form and substance of Exhibit D F hereto (the "Continuation/Conversion Notice") not later than 12:00 noon (St. Louis Dallas time) on the second third LIBOR Business Day before the proposed date of conversion, specifying the proposed date of conversion, the portion of the Base Rate Loan to be converted, and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Hastings Entertainment Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.