Conversion and Continuation of Outstanding Funding Sample Clauses

Conversion and Continuation of Outstanding Funding. Periods Funded by the Bank Investors. Subject to paragraph (c) of this Section 2.3, the Transferor may (a) convert each funding period during which the applicable interest rate is the Base Rate hereunder to a funding period during which the applicable interest rate is the Adjusted LIBOR Rate and (b)(i) continue each funding period during which the applicable interest rate is the Adjusted LIBOR Rate as a funding period during which the applicable interest rate is the Adjusted LIBOR Rate or (ii) convert each funding period during which the applicable interest rate is calculated at the Adjusted LIBOR Rate to a funding period during which the applicable interest rate is the Base Rate. If a Termination Event or a Potential Termination Event has occurred and is continuing, then (x) no outstanding funding period funded by the Bank Investors may be converted to, or continued as, a funding period during which the applicable interest rate is the Adjusted LIBOR Rate and (y) unless repaid, each funding period during which the applicable interest rate is the Adjusted LIBOR Rate shall be converted to a funding period during which the applicable interest rate is the Base Rate on the last day of the funding period related thereto. The Transferor shall give any of the Purchaser Agents, as applicable, irrevocable notice (each, a "Conversion/Continuation Notice") of such request not later than 12:30 p.m. (New York time) (i) in the case of a conversion described in clause (a) above, or a continuation described in clause (b)(i) above, three (3) Business Days before the date of such conversion or continuation, as applicable, and (ii) following the occurrence and continuation of a Termination Event or Potential Termination Event, in the case of a conversion as described in clause (b)(ii) above or a continuation of a funding period during which the applicable interest rate is the Base Rate as a funding period during which the applicable interest rate is the Base Rate, on the Business Day of such conversion. If a Conversion/Continuation Notice has not been timely delivered with respect to any funding period during which the applicable interest rate is the Base Rate or funding period during which the applicable interest rate is the Adjusted LIBOR Rate, such funding shall be automatically continued as, or converted to, a funding period during which the applicable interest rate is the Base Rate. Each Conversion/Continuation Notice shall specify (a) the requested date (which shall be ...
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Related to Conversion and Continuation of Outstanding Funding

  • Conversion and Continuation of Outstanding Advances Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

  • Conversion and Continuation of Loans The Lead Borrower on behalf of the Borrowers shall have the right at any time,

  • Conversion and Continuation of Borrowings The Borrower shall have the right at any time upon prior irrevocable notice to the Administrative Agent (a) not later than 12:00 (noon), New York City time, one Business Day prior to conversion, to convert any Eurodollar Borrowing into an ABR Borrowing, (b) not later than 12:00 (noon), New York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period, and (c) not later than 12:00 (noon), New York City time, three Business Days prior to conversion, to convert the Interest Period with respect to any Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following:

  • Conversion and Continuation of Revolving Loans The Borrower shall have the right, subject to the terms and conditions of this Agreement, to (i) Convert all or a portion of the outstanding principal amount of Loans of one Type made to it into a Borrowing or Borrowings of another Type of Loans that can be made to it pursuant to this Agreement and (ii) Continue a Borrowing of Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of Eurodollar Loans with a new Interest Period; provided, however, that any Conversion of Eurodollar Loans into Base Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans.

  • Conversion and Continuation (i) Borrower may elect from time to time, subject to the other provisions of this Section 2.11, to convert all or any part of a ratable Advance into any other type of Advance; provided that any conversion of a ratable LIBOR Advance shall be made on, and only on, the last day of the LIBOR Interest Period applicable thereto.

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Conversion/Continuation (a) Subject to Section 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower shall have the option:

  • Conversion/Continuation Request A notice given by the Borrower to the Agent of its election to convert or continue a Loan in accordance with §4.1.

  • Conversion and Continuation Elections (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.4(b):

  • Continuation and Conversion of Loans Subject to the terms and conditions of this Agreement, the Borrower may borrow the Loans as Base Rate Loans or Eurodollar Loans and, until the applicable Maturity Date, the Borrower may Continue Eurodollar Loans or Convert Loans of one Type into Loans of the other Type.

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