Common use of Conversion and Continuation of Revolving Loans Clause in Contracts

Conversion and Continuation of Revolving Loans. The Borrowers shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them into a Borrowing or Borrowings of another Type that can be made to them pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Loans, the Borrowers shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (PGT Innovations, Inc.)

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Conversion and Continuation of Revolving Loans. The Borrowers shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them it into a Borrowing or Borrowings of another Type that can be made to them it pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Eurodollar Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Eurodollar Loans, the Borrowers applicable Borrower shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (JGWPT Holdings Inc.)

Conversion and Continuation of Revolving Loans. The Borrowers shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them into a Borrowing or Borrowings of another Type that can be made to them pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Eurodollar Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Eurodollar Loans, the Borrowers shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (PGT Innovations, Inc.)

Conversion and Continuation of Revolving Loans. The Borrowers Borrower shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them it into a Borrowing or Borrowings of another Type that can be made to them it pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR EurodollarTerm SOFR Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR EurodollarTerm SOFR Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR EurodollarTerm SOFR Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR EurodollarTerm SOFR Loans, the Borrowers applicable Borrower shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (Builders FirstSource, Inc.)

Conversion and Continuation of Revolving Loans. The Borrowers Borrower shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings Loans of one Type made to them it into a Borrowing or Borrowings of another Type of Loans that can be made to them it pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Eurodollar Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Eurodollar Loans, the Borrowers Borrower shall compensate each Lender lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof3.02.

Appears in 1 contract

Samples: Credit Agreement (Mercury Computer Systems Inc)

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Conversion and Continuation of Revolving Loans. The Borrowers shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them itthem into a Borrowing or Borrowings of another Type that can be made to them itthem pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Eurodollar Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Eurodollar Loans, the Borrowers shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (PGT Innovations, Inc.)

Conversion and Continuation of Revolving Loans. The Borrowers shall have the right, subject to the terms and conditions of this Agreement, to (i) other than with respect to Swing Loans, Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to them it into a Borrowing or Borrowings of another Type that can be made to them it pursuant to this Agreement and (ii) Continue a Borrowing of EurodollarSOFR Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of EurodollarSOFR Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of EurodollarSOFR Eurodollar Loans into Base Rate Loans shall be made on a day other than the last day of an Interest Period for such EurodollarSOFR Eurodollar Loans, the Borrowers shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

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