Conversion after Default. If a Default has occurred and is continuing at 9:00 a.m. (Toronto time) on the first Business Day prior to the maturity of a Bankers’ Acceptance, BA Rate Loan or LIBOR Loan, such Bankers’ Acceptance or BA Rate Loan shall automatically convert into a Prime Rate Loan and such LIBOR Loan shall automatically convert into a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.4.
Conversion after Default. 24 ARTICLE 7 7.01
Conversion after Default. If an Event of Default has occurred and is continuing at 10:00 a.m. (Toronto time) on the third Banking Day prior to the last day of the Interest Period of a LIBOR Loan, the Agent may, with the approval of the Majority Lenders and upon notice to the Borrower, convert such LIBOR Loan to a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.02.
Conversion after Default. Subject to Sections 3.6 and 3.7, if an Event of Default has occurred and is continuing at 10:00 a.m. (Toronto time) on the third Banking Day prior to the maturity date of a Bankers’ Acceptance, BA Rate Loan or a LIBOR Loan, such Bankers’ Acceptances or BA Rate Loan shall be automatically converted to a Prime Rate Loan and such LIBOR Loan shall be automatically converted to a Base Rate New York Loan as though a notice to such effect had been given in accordance with Section 6.4.
Conversion after Default. If a Default has occurred and is continuing at 9:00 a.m. (Toronto time) on the first Business Day prior to the maturity of a Bankers’ Acceptance, BA RateCORRA Loan or Term Benchmark Loan, such Bankers’ Acceptance or BA RateCORRA Loan shall automatically convert into a Prime Rate Loan and such Term Benchmark Loan shall automatically convert into a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.4.
Conversion after Default. Subject to Section 3.06, if an Event of Default has occurred and is continuing at 10:00 a.m. (Toronto time) on the third Banking Day prior to the maturity date of a Bankers’ Acceptance, BA Rate Loan or a LIBOR Loan, such Bankers’ Acceptances or BA Rate Loan shall be automatically converted to a Prime Rate Loan and such LIBOR Loan shall be automatically converted to a Base Rate Canada Loan as though a notice to such effect had been given in accordance with Section 6.04.
Conversion after Default. 40 6.02 CONVERSION UPON FAILURE TO GIVE ROLLOVER NOTICE...................40 ARTICLE 7 INTEREST............................................................40 (ii) EXECUTION COPY
Conversion after Default. If a Default has occurred and is continuing at 10:00 a.m. (Toronto time) on the third Banking Day prior to the maturity date of a LIBOR Loan, such LIBOR Loan shall automatically convert to an ABRCAN Loan as though notice to such effect had been given.
