Common use of Continuations and Conversions Clause in Contracts

Continuations and Conversions. Except as otherwise provided herein, a Eurodollar Rate Borrowing may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Borrowing. During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Eurodollar Rate Borrowings without the consent of the Required Lenders and (ii) unless repaid, each Eurodollar Rate Borrowing shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (FlexEnergy Green Solutions, Inc.), Credit Agreement (FlexEnergy Green Solutions, Inc.), Credit Agreement (TriState Capital Holdings, Inc.)

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Continuations and Conversions. Except as otherwise provided herein, a Eurodollar Rate Borrowing Portion may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate BorrowingPortion. During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Eurodollar Rate Borrowings Portions without the consent of the Required Lenders and (ii) unless repaid, each Eurodollar Rate Borrowing Portion shall be converted to a Base Rate Borrowing Portion at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

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Continuations and Conversions. Except as otherwise provided herein, a Eurodollar Rate Borrowing may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Borrowing. During the existence While an Event of a DefaultDefault has occurred and is continuing, (i) no Loans may be requested as, converted to or continued as Eurodollar Rate Borrowings without the consent of the Required Lenders and (ii) unless repaid, each Eurodollar Rate Borrowing shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Natural Gas Services Group Inc)

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