Common use of Conversion and Continuation of Loans Clause in Contracts

Conversion and Continuation of Loans. (i) At the request of Administrative Borrower to Agent, subject to Section 2.7 hereof and the notice and other provisions of this Section 2.9, the Lenders shall convert a Base Rate Loan to one or more Eurodollar Loans at any time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto. (ii) At the request of Administrative Borrower to Agent, subject to the notice and other provisions of this Section 2.9, the appropriate Lenders shall continue one or more Eurodollar Loans as of the end of the applicable Interest Period as a new Eurodollar Loan with a new Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Core Molding Technologies Inc), Credit Agreement (Core Molding Technologies Inc)

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Conversion and Continuation of Loans. (i) At the request of Administrative the Borrower to the Administrative Agent, subject to Section 2.7 hereof and the notice and other provisions of this Section 2.9Agreement, the appropriate Lenders shall convert a Base Rate Loan to one or more Eurodollar Loans at any time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto. (ii) At the request of Administrative the Borrower to the Administrative Agent, subject to the notice and other provisions of this Section 2.9Agreement, the appropriate Lenders shall continue one or more Eurodollar Loans as of the end of the applicable Interest Period as a new Eurodollar Loan with a new Interest Period.

Appears in 1 contract

Samples: Credit and Security Agreement (Ignite Restaurant Group, Inc.)

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Conversion and Continuation of Loans. (i) At the request of Administrative Borrower to AgentLender, subject to Section 2.7 hereof and the notice and other provisions of this Section 2.9Agreement, the Lenders Lender shall convert a Base Rate Loan to one or more Eurodollar Loans at any time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto. (ii) At the request of Administrative Borrower to AgentLender, subject to the notice and other provisions of this Section 2.9Agreement, the appropriate Lenders Lender shall continue one or more Eurodollar Loans as of the end of the applicable Interest Period as a new Eurodollar Loan with a new Interest Period.

Appears in 1 contract

Samples: Credit and Security Agreement (Colonial Commercial Corp)

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