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

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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the 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 2.7, the 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 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 noon (Detroit time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Pioneer Standard Electronics Inc)

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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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.09, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in a form acceptable to the Administrative Agent (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 noon (Detroit 12:00 noon, New York City time) , at least three Business Days prior to the date of the requested conversion or continuationcontinuation (provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a Conversion/Continuation Notice), specifying:

Appears in 1 contract

Samples: 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 Advances pursuant to this Section 2.10 2.9 or are repaid in accordance with Section 2.82.7. 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 2.8 2.7 or (y) the Borrower Borrowers 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 2.72.6, the Borrower Borrowers 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 Borrower Borrowers 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 noon 10:00 a.m. (Detroit Columbus time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (MPW Industrial Services 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 2.10 2.2.7 or are repaid in accordance with Section 2.82.3.7. 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 2.8 2.3.7 or (y) the 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 2.72.2.6, the 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 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 noon 10:00 a.m. (Detroit Chicago time) at least three two Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Conversion and Continuation of Outstanding Advances. CB Floating Rate Advances (other than Swing Line Loans) shall continue as CB Floating Rate Advances unless and until such CB Floating Rate Advances are converted into Eurodollar EurodollarSOFR Advances pursuant to this Section 2.10 2.9 or are repaid in accordance with Section 2.82.7. 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 EurodollarSOFR Advance with an Interest Period of one month unless (xa) such Eurodollar EurodollarSOFR Advance is or was repaid in accordance with Section 2.8 2.7 or (yb) the Borrower shall have given the 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 2.72.63.6, the Borrower may elect from time to time to convert all or any part of a CB Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar EurodollarSOFR Advance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a CB Floating Rate Advance into a Eurodollar EurodollarSOFR Advance or continuation of a Eurodollar EurodollarSOFR Advance not later than noon 11:00 a.m. (Detroit 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:

Appears in 1 contract

Samples: Credit Agreement (FirstCash Holdings, 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 2.10 or are repaid in accordance with Section 2.82.6. 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 2.8 2.6 or (y) the Borrower shall have Borrowers’ Agent 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 2.72.5, the Borrower Borrowers 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 AdvanceEurocurrency Advance in the minimum amount of $500,000. The Borrower Borrowers’ Agent 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 noon 12:00 p.m. (Detroit Minneapolis time) at least three two Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Dolan Co.)

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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72. 7, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon 11:00 a.m. (Detroit New York time) on the date at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (BJS Wholesale Club Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base Rate Advances (other than Swing Line Loans) 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 2.10 or are repaid in accordance with Section 2.8Advances. 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 continued as a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.8 or (y) a six month Interest Period unless the 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 PeriodPeriod or be converted into an Alternate Base Rate Advance. Subject to the terms of Section 2.72.2, the 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 than a Swing Line Loan) into a Type of Advance; 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 Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance, conversion of a Eurodollar Advance into an Alternate Base Rate Advance or continuation of a Eurodollar Advance as a Eurodollar Advance with an Interest Period of other than six months not later than noon 10:00 a.m. (Detroit Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Cna Income Shares 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 2.10 2.9 or are repaid in accordance with Section 2.82.7. 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 2.8 2.7 or (y) the 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 2.72.6 and the first sentence of Section 2.12, the 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; provided that any automatic conversion of a Eurodollar Advance shall only be made on the last day of the Interest Period applicable thereto. The 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 (Detroit New York, New York time) at least three on the third (3rd) Business Days Day prior to the date of the requested conversion or continuation, as the case may be, specifying:

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's 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 2.10 SECTION 2.9 or are repaid in accordance with Section 2.8SECTION 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 2.8 SECTION 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7SECTION 2.6, the 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 Borrower shall give the Administrative Agent irrevocable notice (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than noon 10:00 a.m. (Detroit time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:Chicago

Appears in 1 contract

Samples: Credit Agreement (Ch Energy Group 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 Advances pursuant to this Section 2.10 SECTION 2.9 or are repaid in accordance with Section 2.8SECTION 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 2.8 SECTION 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7SECTION 2.6, the 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 Advance. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Base Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than noon 11:00 a.m. (Detroit New York City time) at least three Eurodollar Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Year Credit Agreement (Houghton Mifflin Co)

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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the ----------- Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7, the 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 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 noon 10:00 a.m. (Detroit New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Mead 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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice 45 (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 2.72.09, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon (Detroit 2:00 p.m., New York City time) , at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: 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 EurodollarSOFR Advances pursuant to this Section 2.10 2.8 or are repaid in accordance with Section 2.82.6. 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 2.8 2.6 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar EurodollarSOFR Advance continue as a Eurodollar EurodollarSOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.72.3, the 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 EurodollarSOFR Advance. The 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 noon (Detroit 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:

Appears in 1 contract

Samples: Credit Agreement (Idaho Power Co)

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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7, the 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 Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") in the form of Exhibit "F-2" of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than noon (Detroit Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Microchip Technology 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 2.10 2.9 or are repaid in accordance with Section 2.82.7. 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 2.8 2.7 or (y) the 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 Interest Period. Subject to the terms of Section 2.72.6, the applicable 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 applicable 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 noon 10:00 a.m. (Detroit Phoenix, Arizona local time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (International Fibercom 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 2.10 2.8 or are repaid in accordance with Section 2.82.6 or Section 2.2(c). 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 2.8 2.6 or Section 2.2(c) or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.3, the 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 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 noon (Detroit time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:11:00

Appears in 1 contract

Samples: Term Loan Credit Agreement

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 ------- 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the 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 2.72.10, the 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 Borrower shall give the Agent irrevocable notice (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than noon 11:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Howmet 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 Advances pursuant to this Section 2.10 or are repaid in accordance with Section 2.8Advances. Each Eurodollar Advance of any Type 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 a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance shall either continue as a Eurodollar Advance of such Type for the same or another Interest PeriodPeriod or be converted into a Floating Rate Advance. Subject to the terms of Section 2.72.6, the 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 than a Swing Line Loan) into a 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 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 noon 11:00 a.m. (Detroit New York time) on the date of the requested conversion, in the case of a conversion of any Advance into a Floating Rate Advance, or at least 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 Advance, specifying:

Appears in 1 contract

Samples: Credit Agreement (Fedex 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 2.10 2.9 or are repaid in accordance with Section 2.8the 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 2.8 the terms of this Agreement or (y) the Borrower Borrowers 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 2.72.6, the Borrower Borrowers 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 Borrower Borrowers 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 noon 10:00 a.m. (Detroit Columbus time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (MPW Industrial Services 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 2.10 2.8 or are repaid in accordance with Section 2.8repaid. 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 2.8 2.6 or (y) the 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 2.72.5, the 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 Borrower shall give the 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 noon 12:00 p.m. (Detroit New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services 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 2.10 2.11 or are repaid in accordance with Section 2.82.9. 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 2.8 or 2.9, (y) the 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 a subsequent Interest Period or (z) the same or another Interest PeriodAgent has not received the Additional Board Authorization, in which case such Eurodollar Advance must be repaid. Subject to the terms of Section 2.72.8, the 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 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 noon (Detroit time) 11:00 a.m. at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Pepco Holdings 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 2.10 or are repaid in accordance with Section 2.82.5. 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 2.8 2.5 or (y) the Borrower shall have 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 2.72.4, the 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 Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C-2 (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 noon 12:00 p.m. (Detroit Minneapolis time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Systems, 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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the 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 2.7, the 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 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 noon 10:00 a.m. (Detroit Elkhart time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Coachmen Industries 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 EurodollarTerm SOFR Advances pursuant to this Section 2.10 2.9 or are repaid in accordance with Section 2.82.2 or 2.7. Each Eurodollar EurodollarTerm SOFR Advance shall continue as a Eurodollar EurodollarTerm SOFR Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar EurodollarTerm SOFR Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar EurodollarTerm SOFR Advance is or was repaid in accordance with Section 2.8 2.2 or 2.7 or (y) the Borrower Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar EurodollarTerm SOFR Advance continue as a Eurodollar EurodollarTerm SOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.72.6, the Borrower Company 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 EurodollarTerm SOFR Advance. The Borrower Company shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar EurodollarTerm SOFR Advance or continuation of a Eurodollar EurodollarTerm SOFR Advance not later than 12:00 noon (Detroit New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Consumers Energy Co)

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 2.10 SECTION 2.9 or are repaid in accordance with Section 2.8SECTION 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 2.8 SECTION 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7SECTION 2.4, the 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 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 noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

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 EurodollarSOFR Advances pursuant to this Section 2.10 2.8 or are repaid in accordance with Section 2.82.6. 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 2.8 2.6 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar EurodollarSOFR Advance continue as a Eurodollar EurodollarSOFR Advance for the same or another Interest Period. Subject to the terms of Section 2.72.3, the 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 EurodollarSOFR Advance. The 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 38 15524773v115524773v5 continuation of a Eurodollar EurodollarSOFR Advance not later than noon (Detroit 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:

Appears in 1 contract

Samples: Credit Agreement (Idaho Power Co)

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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the 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 2.72.9, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon 1:00 p.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: 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 Advances pursuant to this Section 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.09, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon (Detroit 2:00 p.m., New York City time) , at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: 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 Advances pursuant to this Section 2.10 2.9 or are repaid in accordance with Section 2.82.1, 2.2(c) 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 2.8 2.1, 2.2(c) or 2.7 or (y) the 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 2.72.6, the 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 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 noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

Conversion and Continuation of Outstanding Advances. Outstanding Advances may be continued or converted into Advances of another Type as provided below in this Section 2.13. Each Floating Rate Advances (other than Swing Line Loans) Advance shall continue as Floating Rate Advances Advance unless and until such Floating Rate Advances are Advance is repaid pursuant to Section 2.9 or converted into a Eurodollar Advances Advance pursuant to this Section 2.10 or are repaid in accordance with Section 2.82.13. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable its respective Interest Period thereforPeriod, 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 2.8 or (y) the Borrower shall have given the Agent Lender a Conversion/Continuation Eurodollar Conversion Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as be converted into a new Eurodollar Advance for the same or another a new Interest Period. Subject to the terms of Section 2.72.8, the Borrower may elect from time to time elect to convert all or any part of a any Floating Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance, or to convert all or any part of any Eurodollar Advance into a new Eurodollar Advance for a new Interest Period; PROVIDED, that any conversion of any existing Eurodollar Advance shall be made on, and only on, the last day of its respective Interest Period. The Borrower shall give the Agent Lender irrevocable notice (a "Conversion/Continuation Eurodollar Conversion Notice") of each conversion of a Floating Rate an outstanding Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuationconversion, specifying:

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

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Conversion and Continuation of Outstanding Advances. Floating Rate --------------------------------------------------- Advances shall continue as 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 2.10 2.11 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the 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 2.72.8, the 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 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 noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Luiginos 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 2.10 2.9 or are repaid in accordance with Section 2.82.5. Each Federal Funds Advance shall automatically continue as a Federal Funds Advance for another day unless it shall have been paid or converted prior to 11:00 a.m. (Chicago time) on any day; provided that on the last Business Day of each calendar quarter such Federal Funds Advance shall be automatically converted into a Floating Rate Advance. 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 2.8 2.5 or (y) the Borrower 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 2.72.5, the Borrower Company may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line Loan) or into a Eurodollar Advance. The Borrower 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 noon 11:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Stepan Co)

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 Advances pursuant to this Section 2.10 or are repaid in accordance with Section 2.8Advances. 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 2.8 or (y) the 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 either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into a Base Rate Advance. Subject to the terms of Section 2.72.2(d), the 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 Advance or a Eurodollar Advance into a Base Rate Advance; provided that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Agent Lender 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 noon 11:00 a.m. (Detroit Atlanta time) at least three one Business Days Day, in the case of a conversion into a 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:

Appears in 1 contract

Samples: Credit Agreement (Global Payments 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 2.10 or are repaid in accordance with Section 2.82.08. 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 2.8 2.08 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, all or a portion of the outstanding principal amount of such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.06, the 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 Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") in the form of Exhibit C of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 p.m. noon (Detroit Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (American Plumbing & Mechanical 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 2.10 or are repaid in accordance with Section 2.82.07. 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 in accordance with Section 2.8 2.08 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, all or a portion of the outstanding principal amount of such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.06, the 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 Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") in the form of Exhibit C of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 p.m. noon (Detroit Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Miller Mechanical Contractors 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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Viad 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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.9, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon 1:00 p.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: 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 Committed Advances pursuant to this Section 2.10 2.3.6 or are repaid in accordance with Section 2.82.7. Each Eurodollar Committed Advance shall continue as a Eurodollar Committed Advance until the end of the then applicable Eurodollar Interest Period therefor, at which time such Eurodollar Committed Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Committed Advance is or was repaid in accordance with Section 2.8 2.7 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Advance continue as a Eurodollar Committed Advance for the same or another Eurodollar Interest Period. Subject to the terms of Section 2.72.3.4, the 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 Committed Advance. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating Rate Advance into a Eurodollar Committed Advance or continuation of a Eurodollar Committed Advance not later than noon 11:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Central Newspapers 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 ------- 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the Borrower shall have given ----------- the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7, the 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 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 noon 10:00 a.m. (Detroit New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Day Credit Agreement (Mead 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 2.10 or are repaid in accordance with Section 2.8Advances. 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 2.8 or (y) the Borrower Borrowers 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 an Advance of another Type. Subject to the terms of Section 2.72.6, the Borrower 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 than a Swing Line Loan) into a 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 Borrower Borrowers 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 noon 10:00 a.m. (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:

Appears in 1 contract

Samples: Credit Agreement (Venture Service Co)

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 2.10 2.9 or are repaid in accordance with Section 2.82.2 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 (xi) such Eurodollar Advance is or was repaid in accordance with Section 2.8 2.2 or Section 2.7, or (yii) the 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 2.72.6, the 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 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 noon 10:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Tc Pipelines Lp)

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 2.10 or are repaid in accordance with Section 2.8Advances. 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 2.8 or (y) the 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 2.72.6, the Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance (other than a Swing Line Loan) 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 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 noon 10:00 a.m. (Detroit 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:

Appears in 1 contract

Samples: Assignment Agreement (Banknorth Group Inc /New/ /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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.09, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The Borrower shall give the Administrative Agent irrevocable notice in a form acceptable to the Administrative Agent (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 noon (Detroit 12:00 noon, New York City time) , at least three Business Days prior to the date of the requested conversion or continuationcontinuation (provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Conversion/Continuation Notice), specifying:

Appears in 1 contract

Samples: 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 Advances or prepaid pursuant to this Section 2.10 SECTION 2.5 or are repaid in accordance with Section 2.8SECTION 2.10. 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 2.8 or (y) the Borrower Borrowers shall have given the 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 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 2.7SECTION 2.6, the Borrower Borrowers may elect from time to time to convert all or any part of a Floating Rate an Advance (of any Type into the other than a Swing Line Loan) into a Type of Advance; 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 Borrower Borrowers shall give the Agent irrevocable notice in the form of EXHIBIT I hereto (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than noon 11:00 A.M. (Detroit Charlotte 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:

Appears in 1 contract

Samples: Security Agreement (Loewen 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 or Overnight Funds Rate Advances pursuant to this Section 2.10 2.9 or are repaid prepaid in accordance with Section 2.82.7. Overnight Funds Rate Advances shall continue as Overnight Funds Rate Advances unless and until such Overnight Funds Rate Advances are converted with Floating Rate Advances or Eurodollar Advances pursuant to this Section 2.9 or are prepaid in accordance with 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 (x) such Eurodollar Advance is or was repaid prepaid in accordance with Section 2.8 2.7 or (y) the 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 PeriodPeriod or be converted into an Overnight Funds Rate Advance. Subject to the terms of Section 2.72.6, the Borrower may elect from time to time to convert all or any part of a Floating Rate an Advance (other than a Swing Line Loan) into a Eurodollar Advancean Advance of another Type. The Borrower shall give the Agent irrevocable notice (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 noon 12:00 p.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuationcontinuation as or into a Eurodollar Advance, or 12:00 p.m. (Chicago time) on the date of such conversion into an Overnight Funds Rate Advance or Floating Rate Advance, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Firstmerit Corp /Oh/)

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 2.10 or are repaid in accordance with Section 2.8. 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 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance (other than a Swing Line LoanLoans) into a Eurodollar Advance. The 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 noon 11:00 a.m. (Detroit Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Department 56 Inc)

Conversion and Continuation of Outstanding Advances. Floating Alternate Base --------------------------------------------------- Rate Advances (other than Swing Line Loans) 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 2.10 2.8 or are repaid in accordance with Section 2.82.6. 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 continued as a Floating Rate Eurodollar Advance with a one month Interest Period unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.8 2.6 or (y) the 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 be converted into an Alternate Base Rate Advance or continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.5, the Borrower may elect from time to time to convert all or any part of a Floating an Alternate Base Rate Advance (other than a Swing Line Loan) into a Eurodollar Advance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Floating an Alternate Base Rate Advance into a Eurodollar Advance, conversion of a Eurodollar Advance into an Alternate Base Rate Advance or continuation of a Eurodollar Advance not later than noon 10:00 a.m. (Detroit Chicago time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (Depuy 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 2.10 2.12 or are repaid in accordance with Section 2.82.10. 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 2.8 2.10 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.72.9, the 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 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 noon 10:00 a.m. (Detroit Dallas time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Credit Agreement (SCP Pool 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 or prepaid pursuant to this Section 2.10 SECTION 2.5 or are repaid in accordance with Section 2.8SECTION 2.10. 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 2.8 or (y) the Borrower Borrowers shall have given the 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 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 2.7SECTION 2.6, the Borrower Borrowers may elect from time to time to convert all or any part of a Floating Rate an Advance (of any Type into the other than a Swing Line Loan) into a Type of Advance; 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 Borrower Borrowers shall give the Agent irrevocable notice in the form of EXHIBIT I hereto (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of a Floating Rate Advance into a Eurodollar an Advance or continuation of a Eurodollar Advance not later than noon 11:00 a.m. (Detroit Charlotte 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:

Appears in 1 contract

Samples: Loewen 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 or prepaid pursuant to this Section 2.10 or are repaid in accordance with Section 2.82.6. Each Eurodollar Advance of any Type 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 a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.8 or (y) the 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 either continue as a Eurodollar 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 2.7, the Borrower may elect from time to time to convert all or any part of a Floating Rate Revolving Advance, or a Term Advance, of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Advance (other than a Swing Line Loan) into a Eurodollar Advanceshall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Agent irrevocable notice in the form of Exhibit I hereto (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 noon 11:00 a.m. (Detroit Atlanta 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, specifying:

Appears in 1 contract

Samples: Credit Agreement (Omnicare Inc)

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