Common use of Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods Clause in Contracts

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 5 contracts

Samples: Credit Agreement (New Home Co Inc.), Credit Agreement (New Home Co Inc.), Credit Agreement (TRI Pointe Group, Inc.)

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Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 4 contracts

Samples: Credit Agreement (Tri Pointe Homes, Inc.), Credit Agreement (Tri Pointe Homes, Inc.), Credit Agreement (New Home Co Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (y) the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the The applicable Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The applicable Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Central time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 4 contracts

Samples: Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Designated Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Designated Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. 12:00 noon (Pacific Eastern time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 3 contracts

Samples: Credit Agreement (M.D.C. Holdings, Inc.), Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Eurodollar Advance with a one (1) month Interest Period unless (xa) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (yb) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Chicago time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Term SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Designated Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Term SOFR Advance. The Borrower shall give the Administrative Designated Agent irrevocable notice in the form of Exhibit L (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Term SOFR Advance, conversion of a Eurocurrency Term SOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency Term SOFR Advance not later than 10:00 a.m. 12:00 noon (Pacific Eastern time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (M.D.C. Holdings, Inc.), Credit Agreement (M.D.C. Holdings, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Borrowing/Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice (a Borrowing/Conversion/Continuation Notice”) of Notice for each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Minneapolis time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (C H Robinson Worldwide Inc), Credit Agreement (C H Robinson Worldwide Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance denominated in Dollars shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 a.m. (Pacific timelocal time in Denver, Colorado) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Andersons, Inc.), Credit Agreement (Andersons, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Daily SOFR Advances or Term SOFR Advances pursuant to this Section 2.9 or are repaid prepaid in accordance with Section 2.7. Daily SOFR Advances shall continue as Daily SOFR Advances unless and until such Daily SOFR Advances are converted into Base Rate Advances or Term SOFR Advances pursuant to this Section 2.9 or are prepaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Daily SOFR Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of any Advance of one Type into one or more Advances of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advancedifferent Type. The Borrower shall give the Administrative Agent irrevocable notice in the form of Schedule 2.9 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate any Type of Advance into a Eurocurrency Advance, conversion one or more Advances of a Eurocurrency Advance to a Base Rate Advancedifferent Type, or continuation of a Eurocurrency Term SOFR Advance not later than 10:00 a.m. (Pacific time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Tri Pointe Homes, Inc.), Credit Agreement (Tri Pointe Homes, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Designated Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Designated Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. 12:00 noon (Pacific Eastern time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Daily Eurocurrency Advances (other than Swing Line Loans) shall continue as Base Rate Daily Eurocurrency Advances unless and until such Base Rate Daily Eurocurrency Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time (as of the last day of such Interest Period) such Eurocurrency Advance shall be automatically converted into a Base Rate Daily Eurocurrency Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Daily Eurocurrency Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Daily Eurocurrency Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) at least two three (23) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Shea Homes Limited Partnership), Credit Agreement (Shea Homes Limited Partnership)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Term SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Term SOFR Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Term SOFR Advance, conversion of a Eurocurrency Term SOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency Term SOFR Advance not later than 10:00 a.m. (Pacific Chicago time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Jack Henry & Associates Inc), Credit Agreement (Henry Jack & Associates Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific timeEastern Standard Time) at least two (2) three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Proassurance Corp)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency EurocurrencySOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency EurocurrencySOFR Advance shall continue as a Eurocurrency EurocurrencySOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency EurocurrencySOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency EurocurrencySOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency EurocurrencySOFR Advance continue as a Eurocurrency EurocurrencySOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency EurocurrencySOFR Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency EurocurrencySOFR Advance, conversion of a Eurocurrency EurocurrencySOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency EurocurrencySOFR Advance not later than 10:00 a.m. (Pacific New York City time) at least two three (23) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Radian Group Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance denominated in Dollars shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific timeStandard Time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Universal Electronics Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate ABR Advances (other than Swing Line Loans) shall continue as Base Rate ABR Advances unless and until such Base Rate ABR Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.72.6. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate an ABR Advance unless (xa) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 2.6 or (yb) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Borrower may elect from time to time to convert all or any part of a Base Rate an ABR Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate an ABR Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate an ABR Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. 1:00 p.m. (Pacific New York City time) at least two three (23) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (New Home Co Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Eurodollar Advance with a one (1) month Interest Period unless (xa) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (yb) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Chicago time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Eurodollar Advance with a one (1) month Interest Period unless (xa) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (yb) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest PeriodPeriod or be converted to a Base Rate Advance. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Eurodollar Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Chicago time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

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Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific Chicago time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific New York City time) at least two three (23) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Radian Group Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section ‎Section 2.9 or are repaid in accordance with Section ‎Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section ‎Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section ‎Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (New Home Co Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Term SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance denominated in Dollars shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Term SOFR Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Term SOFR Advance, conversion of a Eurocurrency Term SOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency Term SOFR Advance not later than 10:00 a.m. (Pacific timelocal time in Denver, Colorado) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Andersons, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Term SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Borrowing/Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Term SOFR Advance. The Borrower shall give the Administrative Agent irrevocable notice (a Borrowing/Conversion/Continuation Notice”) of Notice for each conversion of a Base Rate Advance into a Eurocurrency Term SOFR Advance, conversion of a Eurocurrency Term SOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency Term SOFR Advance (where applicable) not later than 10:00 11:00 a.m. (Pacific Minneapolis time) at least two three (23) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (C. H. Robinson Worldwide, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific Minneapolis, Minnesota time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Mgic Investment Corp)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) 12:00 noon at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Hancock Holding Co)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Term SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Term SOFR Advance shall continue as a Eurocurrency Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Term SOFR Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Term SOFR Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Term SOFR Advance continue as a Eurocurrency Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the The Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Term SOFR Advance; provided, that any conversion to or continuation of a Term SOFR Advance shall be in the minimum amount of $5,000,000 and incremental amounts in integral multiples of $1,000,000, and each conversion to or continuation of a Base Rate Advance shall be in the minimum amount of $1,000,000 and incremental amounts in integral multiples of $500,000. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Term SOFR Advance, conversion of a Eurocurrency Term SOFR Advance to a Base Rate Advance, or continuation of a Eurocurrency Term SOFR Advance not later than 10:00 11:00 a.m. (Pacific time) at least two (2) U.S. Government Securities Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Term Loan Agreement (Jack Henry & Associates Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.72.6. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into continue as a Base Rate Eurocurrency Advance for an additional Interest Period of one month unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 2.6, or (y) the Borrower shall have given the Administrative Agent Lender a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as convert into a Eurocurrency Advance for the same or another Interest PeriodBase Rate Advance. Subject to the terms of Section 2.62.5, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The Borrower shall give the Administrative Agent Lender irrevocable notice in the form of Exhibit E (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. 12:00 noon (Pacific New York time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the an Authorized Officer of Borrower shall have given the Administrative Agent a Conversion/Continuation Borrowing Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Advance. The An Authorized Officer of Borrower shall give the have given Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) Borrowing Notice of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurocurrency Advance not later than 10:00 a.m. (Pacific time) at least two (2) Business Days prior to the date of the requested conversion or continuation, specifying:: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the Type of the Advance which is to be converted or continued; and (iii) the amount of such Advance which is to be converted into or continued as a Eurocurrency Advance and the duration of the Interest Period applicable thereto. After giving effect to all Advances, all conversions of Advances from one Type to another and all continuations of Advances of the same Type, there shall be no more than five (5) Interest Periods in effect hereunder.

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Conversion and Continuation of Outstanding Advances; Maximum Number of Interest Periods. Base Rate Advances (other than Swing Line Loans) shall continue as Base Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.7. Each Eurocurrency Eurodollar Advance shall continue as a Eurocurrency Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Eurodollar Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Eurodollar Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Eurodollar Advance continue as a Eurocurrency Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of (i) a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Eurodollar Advance to a Base Rate Advance, or continuation of a Eurocurrency Eurodollar Advance not later than 10:00 11:00 a.m. (Pacific Mountain time) at least two (2) Business Days prior to the date of the requested conversion or continuation, and (ii) conversion of a Eurodollar Advance to a Base Rate Advance not later than 11:00 a.m. (Mountain time) on the date of the requested conversion, in each case, specifying:

Appears in 1 contract

Samples: Credit Agreement (Intrepid Potash, Inc.)

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