Common use of Conversion and Continuation of Outstanding Advances Clause in Contracts

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 15 contracts

Samples: Term Loan Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (Consumers Energy Co)

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Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three (3) 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance such Advance, which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 11 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Idaho Power Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 11:00 a.m. on the third Business Days Day prior to the date of the requested conversion or continuation, specifying: (i) 2.9.1 the requested date, which shall be a Business Day, of such conversion or continuation;, (ii) 2.9.2 the aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and 2.9.3 the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 10 contracts

Samples: Term Loan Agreement (Oklahoma Gas & Electric Co), Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.7 or are repaid in accordance with Section 2.2 or 2.7this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 this Agreement or (y) the Company Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar AdvanceAdvance on behalf of the applicable Borrower. The Company Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: specifying (i) the requested date, which shall be a Business Day, of such conversion or continuation; , (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 8 contracts

Samples: Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.), Credit Agreement

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance in the case of U.S. Dollar Loans or automatically continued for an Interest Period of one month in the case of Foreign Currency Loans, unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company 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 Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company any Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Eurocurrency Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.3 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 11:00 a.m. (New York City timeChicago time for U.S. Dollar Loans and London time for Foreign Currency Loans) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; continued (which shall be limited to Eurocurrency Loans in the case of Foreign Currency Loans), and (iiic) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 7 contracts

Samples: Credit Agreement (DIEBOLD NIXDORF, Inc), Credit Agreement (DIEBOLD NIXDORF, Inc), Credit Agreement (DIEBOLD NIXDORF, Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 7 contracts

Samples: Loan Agreement (Amrep Corp), Credit Agreement (Industrial Distribution Group Inc), Credit Agreement (Dmi Furniture Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7LIBOR Advances. Each Eurodollar LIBOR Advance shall continue as a Eurodollar LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar LIBOR Advance shall be automatically converted into a Floating Rate an ABR Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar LIBOR Advance continue as a Eurodollar LIBOR Advance for the same or another Interest Period. Subject to the terms of Section 2.62.8, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar any other Type of Advance; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar LIBOR Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into an ABR Advance, or three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and LIBOR Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 6 contracts

Samples: Term Loan Agreement (Duke Realty Limited Partnership/), Revolving Credit Agreement (Duke Realty Limited Partnership/), Revolving Credit Agreement (Duke Realty Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Eurocurrency Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City timelocal time of the Applicable Lending Installation of the Agent) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 6 contracts

Samples: Credit Agreement (Kelly Services Inc), Credit Agreement (Kelly Services Inc), Credit Agreement (Kelly Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Los Angeles, California time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 4 contracts

Samples: Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (CMS Energy Corp)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Loans) shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.72.5. Each Eurodollar Eurocurrency Advance denominated in Dollars shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 2.5 or (y) the Company shall have Borrower has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower may elect from time to time to convert all or any part of a Floating Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Eurocurrency Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon p.m. (New York City Minneapolis time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which that is to be converted or continued; , and (iiic) the amount of the such Advance which that is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 4 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7LIBOR Rate Advances. Each Eurodollar LIBOR Rate Advance shall continue as a Eurodollar LIBOR Rate Advance until the end of the then applicable Interest Period therefortherefore, at which time such Eurodollar LIBOR Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) Notice” requesting that, at the end of such Interest Period, such Eurodollar LIBOR Rate Advance either continue as a Eurodollar LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any LIBOR Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a Floating LIBOR Rate Advance into a Eurodollar Advance or continuation of a Eurodollar LIBOR Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Cleveland, Ohio time) ), at least three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and LIBOR Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 4 contracts

Samples: Credit Agreement (Retail Properties of America, Inc.), Credit Agreement (Inland Western Retail Real Estate Trust Inc), Credit Agreement (Inland Western Retail Real Estate Trust Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section SECTION 2.9 or are is repaid in accordance with Section 2.2 or SECTION 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or SECTION 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section SECTION 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or of continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) on the date of a conversion into an Alternate Base Rate Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Facility Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.6hereof, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. Notwithstanding anything herein to the contrary, no Loan may be converted to a Eurodollar AdvanceLoan, and no Eurodollar Loan may be continued as such, if any Default or Unmatured Default has occurred and is continuing. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Detroit time) at least one Business Day, in the case of a conversion into a Floating Rate Advance or three Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Arvinmeritor Inc), 364 Day Credit Agreement (Arvinmeritor Inc), 364 Day Credit Agreement (Arvinmeritor Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.12 or are repaid in accordance with Section 2.2 or 2.72.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.10 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.09, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Conversion/ Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (2:00 p.m., New York City time) , at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. CB Floating Rate Advances shall continue as CB Floating Rate Advances unless and until such CB Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Eurodollar Advance with an Interest Period of one month unless (xa) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a CB Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a CB Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Fort Worth, Texas time) at least three two (2) Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Firstcash, Inc), Credit Agreement (First Cash Financial Services Inc), Credit Agreement (First Cash Financial Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7LIBOR Advances. Each Eurodollar LIBOR Advance shall continue as a Eurodollar LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar LIBOR Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar LIBOR Advance continue either continues as a Eurodollar LIBOR Advance for the same or another Interest PeriodPeriod or be repaid. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advances; provided, however, that any conversion of any LIBOR Advance may be made on, and only on, the last day of the Interest Period applicable thereto, and further provided that the aggregate number of LIBOR Advances outstanding at any one time shall not exceed five (5). The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar LIBOR Advance not later than 12:00 noon (New York City noon, Chicago time) , at least one (1) Business Day, in the case of a conversion into a Floating Rate Advance, or three (3) Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and the duration of LIBOR Advance, the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

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

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time (i) each such Eurodollar Eurocurrency Advance denominated in Dollars shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company 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 Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period or be converted into a Floating Rate Advance; and (ii) each such Eurocurrency Advance denominated in a Foreign Currency shall automatically continue as a Eurocurrency Advance in the same Agreed Currency with an Interest Period of one month unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.8, 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 Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swingline Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 or 2.8, (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest PeriodPeriod or at any other time, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance in the same currency for the same or another Interest Period or (z) such Eurocurrency Advance is denominated in a currency other than Dollars and neither of the preceding clauses (x) or (y) is applicable, in which case such Advance shall be continued as a Eurocurrency Advance in the same currency with an Interest Period of one month’s duration commencing on the last day of such Interest Period). Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swingline Loans) into a Eurodollar Eurocurrency Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company applicable Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another a subsequent Interest Period. Subject to the terms of Section 2.6, the Company 2.6 any Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Such Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Pepco Holdings Inc), 364 Day Credit Agreement (Atlantic City Electric Transition Funding LLC), Credit Agreement (Atlantic City Electric Transition Funding LLC)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are either converted into Eurodollar Advances pursuant to in accordance with this Section 2.9 2.02(d) or are repaid prepaid in accordance with Section 2.2 or 2.72.06. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Advance is or was repaid shall have been either (a) prepaid in accordance with Section 2.2 or 2.7 2.06 or (yb) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continued as a Eurodollar Advance for the same or another Interest PeriodPeriod in accordance with this Section 2.02(d). Subject to the terms of Section 2.62.05, the Company may elect from time to time to convert an Advance having one Rate Option to an Advance having a different Rate Option, or to continue the Rate Option applicable to all or any part of a Floating Rate an Advance; provided that any conversion or continuation of any Eurodollar Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Rate Option Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance Advance, not later than 12:00 noon 11:30 a.m. (New York City time) at least three 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 aggregate amount and Type of Rate Option applicable to the Advance which is to be converted or continued; , and (iii) the amount and Rate Option(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City Chicago time) at least three two 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance thereto (which may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsnot end after the Facility Termination Date).

Appears in 3 contracts

Samples: Credit Agreement (Rli Corp), Credit Agreement (Rli Corp), Credit Agreement (Rli Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.12 or are repaid in accordance with Section 2.2 or 2.72.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.10 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.9, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (2:00 p.m., New York City time) , at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 2.1, 2.2(c) or 2.7. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance (other than Eurocurrency Advances in Agreed Currencies other than Dollars) shall be automatically converted into a Floating Rate Advance unless (xa) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 2.1, 2.2(c) or 2.7 or (yb) the applicable Borrower, or the Company on its behalf, shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.9, Eurocurrency Advances in an Agreed Currency other than Dollars shall automatically continue as Eurocurrency Advances in the same Agreed Currency with an Interest Period of one (1) month. Subject to the terms of Section 2.6, the applicable Borrower, or the Company on its behalf, may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Eurocurrency Advance. The applicable Borrower, or the Company on its behalf, shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) by (x) e-mail, telephone or telecopy, if with respect to an Advance denominated in Dollars and (y) telecopy, if with respect to an Advance denominated in euros or Pounds Sterling, of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least (x) three Business Days prior to the date of the requested conversion or continuationcontinuation of an Advance in Dollars and (y) four Business Days prior to the date of the requested continuation of a Eurocurrency Advance in an Agreed Currency other than Dollars, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation;, (ii) the aggregate amount and Type of the Advance which is to be converted or continued; continued and whether such Advance consists of Revolving Loans or Term Loans, and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance . Notwithstanding anything herein to the contrary, Eurocurrency Advances in an Agreed Currency may be converted and/or continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsas Eurocurrency Advances only in the same Agreed Currency.

Appears in 3 contracts

Samples: Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp)

Conversion and Continuation of Outstanding Advances. Each Floating Rate Advances shall Advance will continue as Floating Rate Advances Advance unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to Advance under this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.7is repaid. Each Eurodollar Advance shall will continue as a Eurodollar Advance until the end of the then its applicable Interest Period thereforPeriod, at which time such the Eurodollar Advance shall will be automatically converted into a Floating Rate Advance unless (x) such the Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) Unit gives the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such the Interest Period, such the Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.2, the Company Unit may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall Unit will give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon Advance. A Conversion/Continuation Notice must be given by 11:00 a.m. (New York City Tulsa time) on a day that is at least three Business Days prior to before the date of the requested conversion or continuation, specifyingcontinuation and specify: (i) the requested date, which shall must be a Business Day, of such the conversion or continuation; (ii) the aggregate total amount of and Type the type of the Advance which (Floating Rate Advance or Eurodollar Advance) that is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the applicable Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsPeriod.

Appears in 3 contracts

Samples: Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 2.1, 2.2(c) or 2.7. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance (other than Eurocurrency Advances in Foreign Currencies) shall be automatically converted into a Floating Rate Advance unless (xa) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 2.1, 2.2(c) or 2.7 or (yb) the applicable Borrower, or the Company on its behalf, shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Unless a Conversion/Continuation Notice shall have timely been given in accordance with the terms of this Section 2.9, Eurocurrency Advances in a Foreign Currency shall automatically continue as Eurocurrency Advances in the same Foreign Currency with an Interest Period of one (1) month. Subject to the terms of Section 2.6, the applicable Borrower, or the Company on its behalf, may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Eurocurrency Advance. The applicable Borrower, or the Company on its behalf, shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) by (x) e-mail, telephone or telecopy, if with respect to an Advance denominated in Dollars and (y) telecopy, if with respect to an Advance denominated in a Foreign Currency, of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least (x) three Business Days prior to the date of the requested conversion or continuationcontinuation of an Advance in Dollars and (y) four Business Days prior to the date of the requested continuation of a Eurocurrency Advance in a Foreign Currency or to a Foreign Subsidiary Borrower, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation;, (ii) the aggregate amount and Type of the Advance which is to be converted or continued; continued and whether such Advance consists of Revolving Loans or Term Loans, and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance . Notwithstanding anything herein to the contrary, Eurocurrency Advances in an Agreed Currency may be converted and/or continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsas Eurocurrency Advances only in the same Agreed Currency.

Appears in 3 contracts

Samples: Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp), Credit Agreement (Actuant Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three (3) 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Xxxx Xxxxxxxxx Advances. Each Eurodollar Term Benchmark Advance shall continue as a Eurodollar Term Benchmark Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term Benchmark Advance shall be automatically converted into a Floating Rate Advance Advance, unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Term Benchmark Advance continue as a Eurodollar Term Benchmark Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Term Benchmark Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.3 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Term Benchmark Advance not later than 12:00 noon 11:00 a.m. (New York City time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three U.S. Government Securities Business Days Days, in the case of a conversion into or continuation of a Term Benchmark Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Term Benchmark Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 3 contracts

Samples: Credit Agreement (DIEBOLD NIXDORF, Inc), Senior Secured Superpriority Debtor in Possession Term Loan Credit Agreement (DIEBOLD NIXDORF, Inc), Senior Secured Superpriority Debtor in Possession Term Loan Credit Agreement (DIEBOLD NIXDORF, Inc)

Conversion and Continuation of Outstanding Advances. (i) Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.7 or are repaid in accordance with Section 2.2 or 2.7the terms of this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 the terms of this Agreement or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City Columbus, Ohio time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Class and Type of the Advance which is to be converted or continued; , and the interest rate and expiration date of the Interest Period currently in effect with respect thereto, if any, and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period to be applicable thereto; provided that no Advance . (ii) This Section 2.7 shall not apply to Swingline Loans, which may not be continued as, converted or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existscontinued.

Appears in 2 contracts

Samples: Credit Agreement (Airnet Systems Inc), Credit Agreement (Airnet Systems Inc)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7LIBOR Advances. Each Eurodollar LIBOR Advance shall continue as a Eurodollar LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such Eurodollar LIBOR Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such LIBOR Interest Period, such Eurodollar LIBOR Advance either continue as a Eurodollar LIBOR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advances; provided that any conversion of any LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a Floating Rate Advance into a Eurodollar LIBOR Advance or continuation of a Eurodollar LIBOR Advance not later than 12:00 noon 10:00 a.m. (New York City Cleveland time) ), at least three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and LIBOR Advance, the duration of the LIBOR Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Senior Revolving Credit Agreement (Terreno Realty Corp), Senior Revolving Credit Agreement (Terreno Realty Corp)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into Eurodollar Advances a Term SOFR Advance pursuant to this Section 2.9 or are is repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Term SOFR Advance shall continue as a Eurodollar Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term SOFR Advance shall be automatically converted into a Floating an Alternate Base Rate Advance Advance, unless (xa) such Eurodollar Term SOFR Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Term SOFR Advance continue as a Eurodollar Term SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Term SOFR Advance. Subject to the payment of any funding indemnification amounts required by Section 3.4, the Borrower may elect from time to time to convert all or any part of a Floating Rate Term SOFR Advance into a Eurodollar an Alternate Base Rate Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Term SOFR Advance or the continuation of a Eurodollar Term SOFR Advance as a new Term SOFR Advance not later than 12:00 noon 11:00 a.m. (New York City time) at least three (3) RFR Business Days prior to the date of the requested conversion or continuationcontinuation and (y) conversion of a Term SOFR Advance into an Alternate Base Rate Advance, not later than 12:00 p.m. (New York time) on the date of the requested conversion, in each case specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Term SOFR Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the latest Facility Termination Date.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Aon PLC), Term Loan Credit Agreement (Aon PLC)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances --------------------------------------------------- shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate an ABR Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to ----------- time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances; provided, however, -------- ------- that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/"Conversion/ Continuation Notice") of each ------------------------------- conversion of a Floating Rate Advance into a Eurodollar an ABR Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the Relevant Borrower with respect to such Advance; (c) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiid) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance in the case of U.S. Dollar Loans or automatically continued for an Interest Period of one month in the case of Foreign Currency Loans, unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company 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 Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company any Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Eurocurrency Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.4 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 11:00 a.m. (New York City timeChicago time for U.S. Dollar Loans and London time for Foreign Currency Loans) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; continued (which shall be limited to Eurocurrency Loans in the case of Foreign Currency Loans), and (iiic) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Diebold Inc), Credit Agreement and Guaranty (Diebold Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.7repaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Eurodollar Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance shall continue as a Eurodollar Fixed Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a Floating Fixed Rate Advanceor continuation of a Fixed Rate Advance not later than 10:00 a.m. (Cleveland time), at least three Business Days, in the case of a conversion into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three Business Days LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) : the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) ; the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) and the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance of any Type shall continue as a Eurodollar Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a ConversionCONVERSION/Continuation Notice (as defined below) CONTINUATION NOTICE requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance of such Type for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.6SECTION 2.7, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a Floating Fixed Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, or three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either converted into Eurodollar Advances pursuant to in accordance with this Section 2.9 2.2.4 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance Advance, not later than 12:00 noon (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance such Advance(s) which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time each such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances, provided that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Detroit time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, three Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (i) i. the requested date, which shall be a Business Day, of such conversion or continuation;, and (ii) . the aggregate amount and Type Type(s) of the Advance(s) into which such Advance which is to be converted or continued; continued and (iii) , in the amount case of the Advance which is to be converted a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Cardinal Health Inc), 364 Day Credit Agreement (Cardinal Health Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) unless, subject to the immediately following sentence, the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.62.4.2 and the immediately preceding sentence, the Company may elect from time to time to convert all or any part of a Floating an Advance accruing interest at any Rate Option into an Advance into a accruing interest at any other Rate Option; provided that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Conversion/ Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least 10:00 a.m. on the effective date of such conversion, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, 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 aggregate amount and Type Rate Option of the Advance which is to be converted or continued; and (iii) the amount of and Rate Option for the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Funding LLC), Credit Agreement (Midamerican Funding LLC)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either converted into Eurodollar Term Benchmark Advances pursuant to in accordance with this Section 2.9 2.2.4 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Term Benchmark Advance shall continue as a Eurodollar Term Benchmark Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term Benchmark Advance shall be automatically converted into continued as a Floating Rate Term Benchmark Advance with an Interest Period of one month unless (x) such Eurodollar Term Benchmark Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Term Benchmark Advance continue as a Eurodollar Term Benchmark Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Term Benchmark Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance Term Benchmark Advance, or continuation of a Eurodollar Advance Term Benchmark Advance, not later than 12:00 noon 1:00 p.m. (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance such Advance(s) which is to be converted into or continued as a Eurodollar Term Benchmark Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance shall continue as a Eurodollar Fixed Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.9, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a Floating Fixed Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Cleveland time) ), at least three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into Eurodollar Advances a Eurocurrency Term SOFR Advance pursuant to this Section 2.9 or are is repaid in accordance with Section 2.2 or 2.7. Each Eurodollar XXXXX Advance shall continue as a Eurodollar XXXXX Advance unless and until such XXXXX Advance is repaid in accordance with Section 2.7. Each Term SOFR Advance shall continue as a Term SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term SOFR Advance shall be automatically converted into a Floating an Alternate Base Rate Advance Advance, unless (xa) such Eurodollar Term SOFR Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company 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 Eurodollar Term SOFR Advance continue as a Eurodollar Term SOFR Advance for the same or another Interest Period. 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, if denominated in Dollars shall be automatically converted into an Alternate Base Rate Advance or, if denominated in Euro shall be exchanged for an Equivalent amount of Dollars and converted into an Alternate Base Rate Advance, unless (a) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (b) 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 Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.Borrower

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance of any Type shall continue as a Eurodollar Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company applicable Borrower shall have given the Agent an irrevocable notice (a "Conversion/Continuation Notice (as defined belowNotice") requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance of such Type for the same or another Interest PeriodPeriod or be converted into an Advance of another Type. Subject to the terms of Section 2.6Sections 2.3.2 and 2.5.2, the Company such Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company applicable Borrower shall give the Agent irrevocable notice (a “the Conversion/Continuation Notice”) Notice of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Illinois Tool Works Inc), Credit Agreement (Illinois Tool Works Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate an ABR Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6SECTION 2.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances; PROVIDED, HOWEVER, that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”"CONVERSION/ CONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an ABR Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Eurodollar Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.62.2.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of either Type into a the other Type of Advance; provided that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City Chicago time) (a) in the case of a conversion into a Floating Rate Advance, at least one Business Day before the date of the requested conversion, and (b) in the case of a conversion into or continuation of a Eurodollar Advance, at least three Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date (which shall be a Business Day, ) of such conversion or continuation; (ii) the aggregate amount and Type of the Advance Advance(s) which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Eurodollar Interest Period applicable thereto; provided that no Advance thereto (which may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsnot end after the Facility Termination Date).

Appears in 2 contracts

Samples: Loan Agreement (Richardson Electronics LTD/De), Loan Agreement (Richardson Electronics LTD/De)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances Each ABR Advance shall continue as Floating Rate Advances an ABR Advance unless and until such Floating Rate Advances are ABR Advance is converted into a Eurodollar Advances pursuant to Advance in accordance with this Section 2.9 2.2.4 or are repaid is prepaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into continued as a Floating Rate Eurodollar Advance with an Interest Period of one month unless (x) such Eurodollar Advance is or was repaid shall have been either (a) prepaid in accordance with Section 2.2 or 2.7 or 2.6, (yb) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continued as a Eurodollar Advance for the same or another Interest PeriodPeriod in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate an Advance into a another Rate Option; provided that any conversion or continuation of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Conversion/Continuation Rate Option Notice”) of each conversion of a Floating Rate an ABR Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance or the conversion of a Eurodollar Advance into an ABR Advance, not later than 12:00 noon 1:00 p.m. (New York City time) (x) on the Business Day of the conversion of a Eurodollar Advance into an ABR Advance or (y) at least three two Business Days prior to the date of the requested conversion or continuationcontinuation of an Advance into or as a Eurodollar Advance, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of Rate Option applicable to the Advance which is to be converted or continued; and (iii) the amount and Rate Option(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may thereto (which shall be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existssubject to the limitations set forth in Section 2.2.6).

Appears in 2 contracts

Samples: Credit Agreement (Forestar Group Inc.), Credit Agreement (Forestar Group Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance such Advance, which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances shall continue as Floating Alternate Base Rate Advances unless and until such Floating Alternate Base Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Alternate Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances; provided that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three one Business Days Day, in the case of a conversion into a Alternate Base Rate Advance, or two Business Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation;, (ii) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as a Eurodollar Advance and continuation of an Alternate Base Rate Advance, the duration of the Eurodollar Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Platinum Technology International Inc), Credit Agreement (Platinum Technology Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company applicable Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another a subsequent Interest Period. Subject to the terms of Section 2.6, the Company 2.6 any Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Such Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Atlantic City Electric Co), Credit Agreement (Potomac Electric Power Co)

Conversion and Continuation of Outstanding Advances. No Conversion or Continuation of Eurodollar Advances After Default. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company 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 Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.62.7, the Company Borrowers may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. Notwithstanding anything to the contrary contained in this Section 2.10, no Advance may be converted or continued as a Eurodollar AdvanceAdvance (except with the consent of the Required Lenders) when any Default or Unmatured Default is continuing. The Company applicable Borrower shall give the Administrative Agent irrevocable notice (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one (1) Business Day, in the case of a conversion into a Floating Rate Advance, or three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as. Promptly after receipt of any Conversion/Continuation Notice, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsthe Administrative Agent shall provide the Lenders with notice thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Acuity Brands Inc), 364 Day Revolving Credit Agreement (Acuity Brands Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance in the case of U.S. Dollar Loans or automatically continued for an Interest Period of one month in the case of Foreign Currency Loans, unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company 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 Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company any Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Eurocurrency Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.4 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 11:00 a.m. (New York City timeChicago time for U.S. Dollar Loans and London time for Foreign Currency Loans) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Diebold Inc), Credit Agreement and Guaranty (Diebold Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Coachmen Industries Inc), Credit Agreement (Coachmen Industries Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Rate Advances. Each Eurodollar Rate Advance shall continue as a Eurodollar Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Rate Advance continue as a Eurodollar Rate Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3.2, the Company may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that (i) any conversion of any Eurodollar Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto, and (ii) no Advance may be continued as or converted into a Eurodollar AdvanceRate Advance at such times as a Default or Unmatured Default has occurred and is continuing. The Company shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Rate Advance not later than 12:00 noon (New York City time) 10:00 a.m. Chicago time on the date of the requested conversion into a Floating Rate Advance and at least three Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Cordant Technologies Inc), Credit Agreement (Cordant Technologies Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or Section 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (11:00 a.m. New York City time) time at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance . Advances under the Swing Line Loan shall at all times remain Floating Rate Advances, and may not be continued as, or converted into, a into Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsAdvances.

Appears in 2 contracts

Samples: Credit Agreement (Shaw Group Inc), Credit Agreement (Shaw Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Eurocurrency Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.3 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 11:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Bridge Credit Agreement (Diebold Inc), Bridge Credit Agreement (Diebold Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7LIBOR Rate Advances. Each Eurodollar LIBOR Rate Advance shall continue as a Eurodollar LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar LIBOR Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) Notice” requesting that, at the end of such Interest Period, such Eurodollar LIBOR Rate Advance either continue as a Eurodollar LIBOR Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar AdvanceLIBOR Rate Advance and vice versa; provided that any conversion of any LIBOR Rate Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a Floating LIBOR Rate Advance into a Eurodollar Advance or continuation of a Eurodollar LIBOR Rate Advance not later than 12:00 noon 10:00 a.m. (New York, New York City time) ), at least three Business Days Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and LIBOR Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement (Retail Properties of America, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.12 or are repaid in accordance with Section 2.2 or 2.72.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.10 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.09, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (2:00 p.m., New York City time) , at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances (other than Swing Line Loans) shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Eurocurrency Advance denominated in Dollars shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company shall have Borrower has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Eurocurrency Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Base Rate Advance into a Eurodollar Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base Rate Advance, or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon p.m. (New York City Minneapolis time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which that is to be converted or continued; , and (iiic) the amount of the such Advance which that is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than an Advance under the Swingline) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than an Advance under the Swingline) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance (other than an Advance under the Swingline) into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.7repaid. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance, provided that no Floating Rate Advance may be converted into a Eurodollar Advance when any Event of Default has occurred and is continuing and the Administrative Agent or the Required Lenders have determined in its or their reasonable discretion not to permit such conversions. The Company Borrower shall give the Administrative Agent irrevocable notice in the manner set forth in Section 2.13 (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon p.m. (New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Eurodollar Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

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Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.7 or are repaid in accordance with Section 2.2 or 2.7this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 this Agreement or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: specifying (i) the requested date, which shall be a Business Day, of such conversion or continuation; , (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance . This Section 2.7 shall not apply to Swingline Loans, which may not be continued as, converted or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existscontinued.

Appears in 2 contracts

Samples: Credit Agreement (USA Compression Partners, LP), Credit Agreement (USA Compression Partners, LP)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Term Benchmark Advances pursuant to this Section 2.9 2.7 or are repaid in accordance with Section 2.2 or 2.7this Agreement. Each Eurodollar Term Benchmark Advance shall continue as a Eurodollar Term Benchmark Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term Benchmark Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Term Benchmark Advance is or was repaid in accordance with Section 2.2 or 2.7 this Agreement or (y) the Company Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Term Benchmark Advance continue as a Eurodollar Term Benchmark Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar AdvanceTerm Benchmark Advance on behalf of the applicable Borrower. The Company Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Term Benchmark Advance or continuation of a Eurodollar Term Benchmark Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: specifying (i) the requested date, which shall be a Business Day, of such conversion or continuation; , (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Term Benchmark Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances shall continue as Floating Alternate Base Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Committed Advances. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Committed Advance either continue as a Eurodollar Committed Advance for the same or another Interest PeriodPeriod or be converted into an Alternate Base Rate Advance. Subject to the terms of Section 2.62.8, the Company Borrower may elect from time to time to convert all or any part of an Advance of a Floating Rate given Type into another Type of Advance into a provided that any conversion of any Eurodollar AdvanceCommitted Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Committed Advance not later than 12:00 noon 11:00 a.m. (New York City Chicago time) at least on the date of the requested conversion, in the case of a conversion into an Alternate Base Rate Advance, or not later than 11:00 a.m. (Chicago time) three Business Days prior to the date of the requested conversion or continuation, in the case of a conversion into or continuation of a Eurodollar Committed Advance or Eurodollar Bid Rate Advance, in each case specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Committed Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: 364 Day Revolving Credit Agreement (Dynegy Inc), Credit Agreement (Dynegy Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance shall continue as a Eurodollar Fixed Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a Floating Fixed Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Cleveland time) ), at least three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate an ABR Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of limitations set forth in Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an ABR Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) from an Authorized Person of each conversion of a Floating an ABR Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City Central time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.11 or are repaid in accordance with Section 2.2 or 2.72.9. Each Eurodollar Advance (other than Swingline Loans) shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.9 or (y) the Company applicable Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another a subsequent Interest Period. Subject to the terms of Section 2.6, the Company 2.8 any Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Such Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Charlotte, North Carolina time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Fourth Amendment to Second Amended and Restated Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Pepco Holdings Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances shall continue as Floating Alternate Base Rate Advances unless and until such Floating Alternate Base Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Administrative Agent an irrevocable notice (a Conversion"CONVERSION/Continuation Notice (as defined belowCONTINUATION NOTICE") requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance either continue as a Eurodollar Eurocurrency Advance for the same or another Interest PeriodPeriod or be converted into an Alternate Base Rate Advance. Subject to the terms of Section 2.6Sections 2.2.1 and 2.5.2, the Company may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type (other than Alternate Currency Advances) into a Eurodollar Advanceany other Type or Types of Advances (other than Alternate Currency Advances); provided that any conversion of any Eurocurrency Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company shall give the Administrative Agent irrevocable notice (a “the Conversion/Continuation Notice”) Notice of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into an Alternate Base Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Crane Co /De/), Multicurrency Credit Agreement (Crane Co /De/)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three (3) 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the Advance such Advance, which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Agent Lender a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another a subsequent Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent Lender irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that . After giving effect to all Advances, all conversions and all continuations, there shall be no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsmore than 8 Interest Periods in effect with respect to all Loans.

Appears in 2 contracts

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

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall will continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall will continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall will be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company shall Unit will have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Unit may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall Unit will give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City Tulsa time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date, which shall will be a Business Day, of such conversion or continuation;, (ii) the aggregate amount and Type type of the Advance (floating Rate Advance or Eurodollar Advance) which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Senior Credit Agreement (Unit Corp), Credit Agreement (Unit Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Consumers Energy Co), Credit Agreement (CMS Energy Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance of any Type shall continue as a Eurodollar Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance of such Type for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.6SECTION 2.7, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a Floating Fixed Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into a Fixed CD Rate Advance or a continuation of a Fixed CD Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a LIBOR Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either converted into Eurodollar Advances pursuant to in accordance with this Section 2.9 2.2(d) or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice in substantially the form of Exhibit F hereto (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance Advance, not later than 12:00 noon 11:30 a.m. (New York City time) at least three (3) 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 2 contracts

Samples: Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate an ABR Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances; provided, however, that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an ABR Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.9 2.09 or are is repaid in accordance with Section 2.2 2.02 or 2.7Section 2.07. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with Section 2.2 2.02 or 2.7 Section 2.07 or (yb) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continues as a Eurodollar Advance for the same or another Interest Period (or, if no Interest Period is specified in such Conversion/Continuation Notice, continuation shall be for a one (1) month Interest Period). Subject to the terms of Section 2.62.06, the Company Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Advance into a Eurodollar Advance. Subject to the payment of any funding indemnification amounts required by Section 3.04, the Borrower may elect from time to time to convert all or any part of a Floating Rate Eurodollar Advance into a Eurodollar an Alternate Base Rate Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each (x) conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or the continuation of a Eurodollar Advance as a new Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City time) at least three (3) Business Days prior to the date of the requested conversion or continuationcontinuation and (y) conversion of a Eurodollar Advance into an Alternate Base Rate Advance, not later than 11:00 a.m. (New York time) on the date of the requested conversion, in each case specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Maturity Date.

Appears in 2 contracts

Samples: Term Credit Agreement (Aon Corp), Term Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar EurodollarSOFR Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar EurodollarSOFR Advance shall continue as a Eurodollar EurodollarSOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar EurodollarSOFR Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar EurodollarSOFR Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar EurodollarSOFR Advance continue as a Eurodollar EurodollarSOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar EurodollarSOFR Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar EurodollarSOFR Advance or continuation of a Eurodollar EurodollarSOFR Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three (3) U.S. Government Securities 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 aggregate amount and Type of the Advance which is to be converted or continued; and, and 38 15484836v115484836v9 (iii) the amount of the Advance such Advance, which is to be converted into or continued as a Eurodollar EurodollarSOFR Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Idaho Power Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Agent Lender a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent Lender irrevocable telephonic or written notice in the form attached hereto as Exhibit F (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Indianapolis time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate --------------------------------------------------- Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Acquisition Credit Agreement (Transit Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Fixed Rate Advances or prepaid pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7SECTION 2.5. Each Eurodollar Fixed Rate Advance of any Type shall continue as a Eurodollar Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance of such Type for the same or another Interest PeriodPeriod or be converted into an Advance of another Type. Subject to the terms of Section SECTION 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type or Types of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice in the form of EXHIBIT I hereto (a “Conversion"CONVERSION/Continuation Notice”CONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) (i) in the case of a conversion into a Floating Rate Advance on the date of such conversion and (ii) in the case of a conversion into or continuation of a Eurodollar Advance, at least three Business Days prior to before the date of the requested such conversion or continuation, continuation specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Loewen Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance in the case of U.S. Dollar Loans or automatically continued for an Interest Period of one month in the case of Foreign Currency Loans, unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company 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 Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.6hereof, the Company any Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a Eurodollar Advanceany other Type or Types of Advance (subject to, in the case of conversion of any Eurocurrency Advance other than on the last day of the Interest Period applicable thereto, payment of any amounts payable under Section 3.4 in connection therewith). The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 11:00 a.m. (New York City timeChicago time for U.S. Dollar Loans and London time for Foreign Currency Loans) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurocurrency Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; continued (which shall be limited to Eurocurrency Loans in the case of Foreign Currency Loans), and (iiic) the amount amounts and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Diebold Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.7 or are repaid in accordance with Section 2.2 or 2.7this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 this Agreement or (y) the Company Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.4, the Company Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar AdvanceAdvance on behalf of the applicable Borrower. The Company Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: specifying (i) the requested date, which shall be a Business Day, of such conversion or continuation; , (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.. A&R CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Newpark Resources Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefortherefore, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Elkhart time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Coachmen Industries Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid prepaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid prepaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance into a Eurodollar Advancean Advance of another Type. The Company Borrower shall give the Administrative Agent irrevocable notice in substantially the form of Exhibit D (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate an Advance into a Eurodollar an Advance of another Type or continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City Atlanta, Georgia time) at least three Business Days prior to the date of the requested conversion or continuationcontinuation as or into a Eurodollar Advance, or 11:00 a.m. (Atlanta, Georgia time) at least one Business Day prior to the date of the requested conversion into a Floating Rate Advance, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bok Financial Corp Et Al)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances Each ABR Advance shall continue as Floating Rate Advances an ABR Advance unless and until such Floating Rate Advances are ABR Advance is converted into Eurodollar Advances pursuant to a Term SOFR Advance in accordance with this Section 2.9 2.2.4 or are repaid is prepaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Term SOFR Advance shall continue as a Eurodollar Term SOFR Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Term SOFR Advance shall be automatically converted into continued as a Floating Rate Term SOFR Advance with an Interest Period of one month unless such Term SOFR Advance shall have been either (xa) such Eurodollar Advance is or was repaid prepaid in accordance with Section 2.2 or 2.7 2.6, (b) continued as a Term SOFR Advance for another Interest Period in accordance with this Section 2.2.4 or (yc) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar converted into an ABR Advance continue as a Eurodollar Advance for the same or another Interest Periodin accordance with this Section 2.2.4. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate an Advance into a Eurodollar Advanceanother Rate Option; provided that any conversion or continuation of any Term SOFR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Conversion/Continuation Rate Option Notice”) of each conversion of a Floating Rate an ABR Advance into a Eurodollar Advance Term SOFR Advance, or continuation of a Eurodollar Term SOFR Advance or the conversion of a Term SOFR Advance into an ABR Advance, not later than 12:00 noon 1:00 p.m. (New York City time) (x) on the Business Day of the conversion of a Term SOFR Advance into an ABR Advance or (y) at least three two Business Days prior to the date of the requested conversion or continuationcontinuation of an Advance into or as a Term SOFR Advance, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of Rate Option applicable to the Advance which is to be converted or continued; and (iii) the amount and Rate Option(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Term SOFR Advance, the duration of the Interest Period applicable thereto; provided that no Advance may thereto (which shall be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existssubject to the limitations set forth in Section 2.2.6).

Appears in 1 contract

Samples: Credit Agreement (Horton D R Inc /De/)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.12 or are repaid in accordance with Section 2.2 or 2.72.10. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.10 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.9, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than Swing Line Loans) into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 1:00 p.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.5 or are repaid in accordance with Section 2.2 or 2.7repaid. Each Eurodollar Advance shall continue as a Eurodollar Advance Advance, until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate any Advance into a Eurodollar Advancean Advance of the other Type. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each continuation or conversion of a Floating Rate an Advance into a Eurodollar Advance (other than an automatic continuation or continuation of a Eurodollar Advance conversion as provided in this Section 2.5) not later than 12:00 noon (New York City time) at least three Business Days prior to the date time specified in Section 2.4 for the making of the requested conversion Type of Advance to be continued or continuationconverted into, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and; (iii) in the case of conversion of an Advance, the Type of Advance to be converted into; (iv) the amount of the Advance which is to be converted or continued; and (v) in the case of conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided . Each Conversion/Continuation Notice given by the Borrower shall constitute a representation and warranty by the Borrower that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Unmatured Default exists.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Advance either continue as a Eurodollar Advance for the same or another Eurodollar Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a another Type of Advance; provided that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: : (i) the requested date, date which shall be a Business Day, of such conversion or continuation; ; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and and (iii) the amount and Type of the Advance into which such Advance is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Eurodollar Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Term Loan Agreement (Banknorth Group Inc /New/ /De/)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Advances. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.5, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance of any Type into a any other Type or Types of Advances; provided, however, that any conversion of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) on the date of such conversion or continuation, in the case of a conversion into a Floating Rate Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Luiginos Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Eurocurrency Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Eurocurrency Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Loan Agreement (Kelly Services Inc)

Conversion and Continuation of Outstanding Advances. CB Floating Rate Advances shall continue as CB Floating Rate Advances unless and until such CB Floating Rate Advances are converted into Eurodollar SOFR Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar SOFR Advance shall continue as a Eurodollar SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar SOFR Advance shall be automatically converted into a Floating Rate SOFR Advance with an Interest Period of one month unless (xa) such Eurodollar SOFR Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar SOFR Advance continue as a Eurodollar SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.63.6, the Company Borrower may elect from time to time to convert all or any part of a CB Floating Rate Advance into a Eurodollar SOFR Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a CB Floating Rate Advance into a Eurodollar SOFR Advance or continuation of a Eurodollar SOFR Advance not later than 12:00 noon 11:00 a.m. (New York City Fort Worth, Texas time) at least three two (2) U.S. Government Securities Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a U.S. Government Securities Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar SOFR Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (FirstCash Holdings, Inc.)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances (other than Swing Line Loans) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.7, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Coachmen Industries Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company applicable Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another a subsequent Interest Period. Subject to the terms of Section 2.6, the Company 2.6 any Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Such Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a. m. (New York City Chicago time) at least three 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 aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: 364 Day Credit Agreement

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 2.8 or are repaid in accordance with Section 2.2 or 2.72.6. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 2.6 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.62.3, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) 11:00 a.m. at least three (3) 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 aggregate amount and Type of the Advance which is to be converted or continued; and , and (iii) the amount of the Advance such Advance, which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Idacorp Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate ABR Advances shall continue as Floating Rate ABR Advances unless and until such Floating Rate ABR Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate an ABR Advance unless (xi) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yii) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Rate an ABR Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate an ABR Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;, (iib) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iiic) the amount of the such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsAdvance.

Appears in 1 contract

Samples: Credit Agreement (State Auto Financial Corp)

Conversion and Continuation of Outstanding Advances. Floating Each Alternate Base Rate Advances Advance shall continue as Floating an Alternate Base Rate Advances Advance unless and until such Floating Alternate Base Rate Advances are Advance is converted into a Eurodollar Advances Advance pursuant to this Section 2.9 or are is repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating an Alternate Base Rate Advance unless (xa) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (yb) the Company Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance or of continuation of a Eurodollar Advance not later than 12:00 noon 11:00 a.m. (New York City time) on the date of a conversion into an Alternate Base Rate Advance, or at least three (3) Business Days Days, in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date of the requested conversion or continuation, specifying: (ia) the requested datedate of such conversion or continuation, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, which shall end on or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default existsprior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Aon Corp)

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Base Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating Base Rate Advance into a Eurodollar Advance. The Company Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) in accordance with Section 2.14, which, when in writing, shall be in substantially the form attached hereto as Exhibit E, of each conversion of a Floating Base Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three 11:00 a.m. on the third Business Days Day prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation; (iib) the aggregate amount and Type of the Advance which is to be converted or continued; and (iiic) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as. If the Borrower requests a conversion to, or converted into, continuation of a Eurodollar Advance if (x) but fails to specify an Interest Period therefor, such continuation or conversion would violate any provision Eurodollar Advance will be deemed to have an Interest Period of this Agreement or (y) a Default or Event one month. After giving effect to all Advances, all conversions of Default existsAdvances from one Type to the other, and all continuations of Advances as the same Type, there shall at no time be more than ten Interest Periods in effect.

Appears in 1 contract

Samples: Term Loan Agreement (Enable Midstream Partners, LP)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7Fixed Rate Advances. Each Eurodollar Fixed Rate Advance shall continue as a Eurodollar Fixed Rate Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company Borrower shall have given the Administrative Agent a Conversion/Conversion/ Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Fixed Rate Advance either continue as a Eurodollar Fixed Rate Advance for the same or another Interest PeriodPeriod or be converted into an Advance of another Type. Subject to the terms of Section 2.6, the Company Borrower may elect from time to time to convert all or any part of a Floating an Advance of any Type into any other Type of Advances; provided that any conversion of any Fixed Rate Advance into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Company Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Fixed Rate Advance not later than 12:00 noon 10:00 a.m. (New York City Chicago time) at least one Business Day, in the case of a conversion into a Floating Rate Advance, or three Business Days Days, in the case of a conversion into or continuation of a Fixed Rate Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date, date which shall be a Business Day, of such conversion or continuation;, (ii) the aggregate amount and Type of the Advance which is to be converted or continued; , and (iii) the amount and Type(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Fixed Rate Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Syncor International Corp /De/)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either converted into Eurodollar Advances pursuant to in accordance with this Section 2.9 2.02(d) or are repaid prepaid in accordance with Section 2.2 or 2.72.07. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid shall have been either (a) prepaid in accordance with Section 2.2 or 2.7 2.07 or (yb) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue continued as a Eurodollar Advance for the same or another Interest PeriodPeriod in accordance with this Section 2.02(d). Subject to the terms of Section 2.62.06, the Company may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Floating Rate an Advance into a another Rate Option; provided that any conversion or continuation of any Eurodollar AdvanceAdvance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Company shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Rate Option Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance Advance, or continuation of a Eurodollar Advance Advance, not later than 12:00 noon 10:00 a.m. (New York City Minneapolis time) at least three 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 aggregate amount and Type of Rate Option applicable to the Advance which is to be converted or continued; , and (iii) the amount and Rate Option(s) of the Advance(s) into which such Advance which is to be converted or continued and, in the case of a conversion into or continued as continuation of a Eurodollar Advance and Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Mdu Resources Group Inc)

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Eurocurrency Advances pursuant to this Section 2.9 2.10 or are repaid in accordance with Section 2.2 or 2.72.8. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time time: (a) each such Eurodollar Eurocurrency Advance denominated in Dollars shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Eurocurrency Advance is or was repaid in accordance with Section 2.2 or 2.7 2.8 or (y) the Company 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 Eurodollar Eurocurrency Advance either continue as a Eurocurrency Advance for the same or another Interest Period or be converted into a Floating Rate Advance; and (b) each such Multicurrency Advance shall automatically continue as a Multicurrency Advance in the same Agreed Currency with an Interest Period of one month unless (x) such Multicurrency Advance is or was repaid in accordance with Section 2.8 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 Multicurrency Advance continue as a Eurodollar Multicurrency Advance for the same or another Interest Period. Subject to . (i) at least one Business Day, in the terms case of Section 2.6, the Company may elect from time to time to convert all or any part of a conversion into a Floating Rate Advance into a Eurodollar Advance. The Company shall give , (ii) at least three (3) Business Days, in the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion case of a Floating Rate Advance conversion into a Eurodollar Advance or continuation of a Eurodollar Eurocurrency Advance not later than 12:00 noon denominated in Dollars, (New York City timeiii) at least three (3) Business Days Days, in the case of a Multicurrency Advance in an Agreed Currency of a country that is a member of OECD located in North America or Europe, (iv) at least four (4) Business Days, in the case of a conversion into or continuation of a Multicurrency Advance in Yen and (v) at least five (5) Business Days, in the case of a conversion into or continuation of a Multicurrency Advance in any other Agreed Currency, prior to the date of the requested conversion or continuation, specifying: (ia) the requested date, which shall be a Business Day, of such conversion or continuation;; and (iib) the aggregate Agreed Currency, amount and Type Type(s) of the Advance(s) into which such Advance which is to be converted or continued; continued and (iii) , in the amount case of the Advance which is to be converted a conversion into or continued as continuation of a Eurodollar Advance and Eurocurrency Advance, the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

Appears in 1 contract

Samples: Five Year Credit Agreement (Cardinal Health Inc)

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