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

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.5, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) 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 3 contracts

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

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Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.5, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; providedPROVIDED, howeverHOWEVER, 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 irrevocable notice (a "Conversion/Continuation NoticeCONVERSION/ CONTINUATION NOTICE") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) 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 3 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Alternative Base Rate Advances shall continue as ABR Alternative Base Rate Advances unless and until such ABR Alternative Base Rate Advances are converted into Eurodollar AdvancesEurocurrency Advances pursuant to this Section 2.2.3. 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 either be paid, or it will automatically be converted into an ABR Alternative Base Rate Advance 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 Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance for the same or another Interest Period; provided, that (a) Eurocurrency Advances may not be converted from one Permitted Currency to a different Permitted Currency and (b) Eurocurrency Advances owing in any Optional Currency shall not be automatically converted but shall be due and payable at the end of the relevant Interest Period. Subject to the terms of Section 2.52.6, the Borrower may elect from time to time to convert all or any part of an Alternative Base Rate Advance of any Type into any other Type or Types of Advances; provided, however, that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoa Eurocurrency Advance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Alternative Base Rate Advance into a Eurocurrency Advance or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. (Chicago Detroit time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) Business Days, in the case of a conversion into or continuation of a Eurodollar Advance, Days prior to the date of the requested conversion or continuation, specifying:

Appears in 3 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar Advances. 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 an ABR a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice 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 2.5hereof, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 Loan, and no Eurodollar Loan may be continued as such, if any Default or Unmatured Default has occurred and is continuing. The Borrower shall give the Administrative Agent irrevocable notice (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago Detroit time) on the conversion dateat least one Business Day, in the case of a conversion into an ABR Advance, a Floating Rate Advance or at least three (3) 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 3 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Alternate Base Rate Advances shall continue as ABR Alternate Base Rate Advances unless and until such ABR Alternate Base Rate Advances are converted into Eurodollar Advances. 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 an ABR a Alternate Base Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.52.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, provided that any conversion of any Eurodollar Advance 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 an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion dateat least one Business Day, in the case of a conversion into an ABR a Alternate Base Rate Advance, or at least three (3) 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 2 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Advances --------------------------------------------------- shall continue as ABR Advances unless and until such ABR Advances are converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.5, the Borrower may elect from time to ----------- time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 irrevocable notice (a "Conversion/Conversion/ Continuation Notice") of each conversion of an ABR Advance or ------------------------------- continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) 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 2 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Advances --------------------------------------------------- shall continue as ABR Advances unless and until such ABR Advances are converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.5, the Borrower may elect from time to ----------- time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, -------- ------- 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 irrevocable notice (a "Conversion/Conversion/ Continuation Notice") of each ------------------------------- conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) 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 2 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Advances --------------------------------------------------- shall continue as ABR Advances unless and until such ABR Advances are converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.5, the Borrower may ----------- elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 irrevocable notice (a "Conversion/Continuation Notice") of each conversion of ------------------------------ an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) 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 2 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar AdvancesAdvances pursuant to this Section 2.09 or are repaid in accordance with Section 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 an ABR a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.07 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 2.52.06, the Borrower may elect from time to time to convert all or any part of an a Floating Rate Advance of any Type into any other Type a Eurodollar Advance. Notwithstanding anything to the contrary contained in this Section 2.09, no Advance may be converted or Types of Advances; provided, however, that any conversion of any continued as a Eurodollar Advance shall be made on, and only on, (except with the last day consent of the Interest Period applicable theretoRequired Lenders) when any Default has occurred and is continuing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of Exhibit G (a "Conversion/Continuation Notice") of each conversion of an ABR a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago New York time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) Business Days, in the case of a conversion into or continuation of a Eurodollar Advance, Days prior to the date of the requested conversion or continuation, specifying:

Appears in 2 contracts

Samples: Credit Agreement (Walgreen Co), Credit Agreement (Walgreen Co)

Conversion and Continuation of Outstanding Advances. ABR No Conversion or Continuation of Eurodollar Advances After Default. Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar AdvancesAdvances 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 an ABR a Floating Rate Advance unless (x) such Eurodollar 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 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 2.52.7, the Borrower Borrowers may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default is continuing. The applicable Borrower shall give the Administrative Agent irrevocable notice (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion dateat least one (1) Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or at least three (3) 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 2 contracts

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

Conversion and Continuation of Outstanding Advances. ABR Base Rate Advances shall continue as ABR Base Rate Advances unless and until such ABR Base Rate Advances are converted into Eurodollar SOFR Advances. 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 an ABR a Base Rate Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar Term SOFR Advance either continue as a Eurodollar Term SOFR Advance for the same or another Interest PeriodPeriod or be converted to an Advance of another Type. Subject to the terms of Section 2.52.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, provided that any conversion of any Eurodollar Term SOFR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto, that a Revolving Advance can only be converted into another Type of Revolving Advance, and that a Term A Advance can only be converted into another Type of Term A Advance and that a Term B Advance can only be converted into another Type of Term B Advance. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance to a Term SOFR Advance or continuation of a Eurodollar Term SOFR Advance not later than 10:00 a.m. (Chicago Cleveland time) on the conversion date), in the case of a conversion into an ABR Advance, or at least three (3) Business Days, in the case of a conversion into or continuation of a Eurodollar Daily Simple SOFR Advance, prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Senior Credit Agreement (Terreno Realty Corp)

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Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are paid or converted into Eurodollar Fixed Rate Advances. Each Eurodollar Fixed Rate Advance shall continue as a Eurodollar Fixed Rate Advance of the same type until the end of the then applicable Interest Period therefor, at which time such Eurodollar Fixed Rate Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Agent a Conversion/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 a type specified for the same or another Interest PeriodPeriod or be converted into an ABR Advance. Subject to the terms of Section 2.52.10, the Borrower may elect from time to time to convert all or any part of an Advance of any Type type into any other Type or Types another type of AdvancesAdvance; provided, however, provided that any conversion of any Eurodollar Fixed Rate Advance 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 an ABR Advance or continuation of a Eurodollar Fixed Rate Advance not later than 10:00 11:00 a.m. (Chicago time) on the conversion dateBusiness Day, in the case of a conversion into an ABR Advance, or at least one Business Day, in the case of a conversion into a Fixed CD Rate Advance or three (3) 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 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 Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a Eurodollar Advance or Fixed CD Rate Advance, the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Northern Border Partners Lp)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar Advances. 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 an ABR a Floating Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.52.6, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, 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 irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) on the conversion dateat least one Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or at least three (3) 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 (Tri State Outdoor Media Group Inc)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar AdvancesAdvances pursuant to this Section 2.5 or are repaid. 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 an ABR a Floating Rate Advance unless (x) such Advance is or was repaid or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice 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 2.52.3, the Borrower may elect from time to time to convert all or any part of any Advance into an Advance of any Type into any the other Type or Types of Advances; provided, however, that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoType. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each continuation or conversion of an ABR Advance (other than an automatic continuation or continuation of a Eurodollar Advance conversion as provided in this Section 2.5) not later than 10:00 a.m. (Chicago time) on the time specified in Section 2.4 for the making of the Type of Advance to be continued or converted into, specifying: the requested date, which shall be a Business Day, of such conversion dateor continuation, the aggregate amount and Type of the Advance which is to be converted or continued, in the case of a conversion into of an ABR Advance, the Type of Advance to be converted into, the amount of the Advance which is to be converted or at least three (3) Business Dayscontinued, and in the case of a conversion into or continuation of a Eurodollar Advance, prior to the date duration of the requested conversion Interest Period applicable thereto. Each Conversion/Continuation Notice given by the Borrower shall constitute a representation and warranty by the Borrower that no Default or continuation, specifying:Unmatured Default exists.

Appears in 1 contract

Samples: Assignment Agreement (Southwestern Energy Co)

Conversion and Continuation of Outstanding Advances. ABR Floating Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar Advances. Each Eurodollar and Eurocurrency Advance shall continue as a Eurodollar or Eurocurrency 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 in the case of Eurodollar Advances and converted to a Eurocurrency Advance in the same currency and with an ABR Advance Interest Period of one month in the case of Eurocurrency Advances, unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar or Eurocurrency Advance either continue as a Eurodollar Advance for the same or another Interest PeriodPeriod or be converted into an Advance of another Type. Subject to the terms of Section 2.5Sections 2.6 and 2.8, the a Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, provided that any conversion of any Eurodollar and Eurocurrency Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The A Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance or continuation of a Eurodollar and Eurocurrency Advance not later than 10:00 11:00 a.m. (Chicago Detroit time) on the conversion dateBusiness Day of the requested conversion, in the case of a conversion into an ABR a Floating Rate Advance, three Business Days prior to the date of the requested conversion or at least three (3) Business Dayscontinuation, in the case of a conversion into or continuation of a Eurodollar Advance, or four Business Days prior to the date of the requested conversion or continuation, in the case of a conversion into or continuation of a Eurocurrency Advance, specifying:

Appears in 1 contract

Samples: Credit Agreement (Lason Inc)

Conversion and Continuation of Outstanding Advances. ABR No Conversion or Continuation of Eurodollar Advances After Default. Floating Rate Advances (other than Swing Line Advances) shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar AdvancesAdvances pursuant to this Section 2.9 or are repaid 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 an ABR a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.7 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice 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 2.52.6 and 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 an Advance of any Type (other than a Swing Line Advance) into any other Type of Advance. Notwithstanding anything to the contrary contained in this Section 2.9, during the continuance of a Default, the Agent may (or Types shall at the direction of Advances; providedthe Required Lenders), howeverby notice to the Borrower, declare that any conversion no Advance may be made as, converted to or, following the expiration of any Interest Periods then in effect, continued as a Eurodollar Advance shall be made on, and only on, the last day of the Interest Period applicable theretoAdvance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. 12:00 noon (Chicago time) on the conversion datesame Business Day, in the case of a conversion into an ABR a Floating Rate Advance, or at least three (3) 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

Conversion and Continuation of Outstanding Advances. ABR Floating --------------------------------------------------- Rate Advances shall continue as ABR Floating Rate Advances unless and until such ABR Floating Rate Advances are converted into Eurodollar Eurocurrency Advances. Each Eurodollar Eurocurrency Advance shall continue as a Eurodollar Eurocurrency Advance of such Type until the end of the then applicable Eurocurrency Interest Period therefor, at which time such Eurodollar Eurocurrency Advance shall be automatically converted into an ABR a Floating Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice in accordance with the terms of this Section ------- 2.9 requesting that, at the end of such Eurocurrency Interest Period, such Eurodollar --- Eurocurrency Advance continue as a Eurodollar Eurocurrency Advance for the same or another Eurocurrency Interest Period. The beginning of a new Eurocurrency Interest Period shall not be deemed a new Advance under this Agreement. Subject to the terms of Section 2.52.6, the Borrower may elect from time to time ----------- to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided, however, provided that any conversion of any Eurodollar Eurocurrency Advance shall be made on, and only on, the last day of the Eurocurrency Interest Period applicable thereto. The Borrower shall give the Agent irrevocable notice (a "ConversionCONVERSION/Continuation NoticeCONTINUATION NOTICE") of each conversion of an ABR a Floating Rate Advance or continuation of a Eurodollar Eurocurrency Advance not later than 10:00 a.m. (Chicago time) on the conversion date, in the case of a conversion into an ABR Advance, or at least three (3) four Business Days, in the case of a conversion into or continuation of a Eurodollar Advance, Days prior to the date of the requested conversion or continuation, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

Conversion and Continuation of Outstanding Advances. ABR Advances shall continue as ABR Advances unless and until such ABR Advances are paid or converted into Eurodollar Advances. 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 an ABR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice 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 an ABR Advance. Subject to the terms of Section 2.52.10, the Borrower may elect from time to time to convert all or any part of an Advance of any Type type into any other Type or Types another type of AdvancesAdvance; provided, however, 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 Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an ABR Advance or continuation of a Eurodollar Advance not later than 10:00 11:00 a.m. (Chicago time) on the conversion dateBusiness Day, in the case of a conversion into an ABR Advance, or at least three (3) 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 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 Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a Eurodollar Advance, the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Northern Border Partners Lp)

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