Common use of Conversion/Continuation Option Clause in Contracts

Conversion/Continuation Option. (a) The Borrowers may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.00. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, (A) the amount and Type of Loans being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Conversion/Continuation Option. (a) The Borrowers may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.00. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, (A) the amount and Type of Loans being converted or continued, (B) whether the Loans being converted or continued are Revolving Loans or Term Loans, (C) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (CD) in the case of a conversion, the date of conversion.

Appears in 2 contracts

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

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.001,000,000. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) specifying, in each case, (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 2 contracts

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

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Term Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Term Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate 37 Term Loan Agreement Collective Brands Finance, Inc. Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Pledge and Security Agreement (Collective Brands, Inc.)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time by 11:00 a.m. (New York time) on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.001,000,000. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Prestige Brands Holdings, Inc.)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $1,000,000 or an integral multiple of $1,000,000.00100,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Alaris Medical Systems Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (a “Form of Notice of Conversion or Continuation) (a "Notice of Conversion or Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (Massey Energy Co)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by the Borrower giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (Ax) the amount and Type type of Loans Loan being converted or continued, (By) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (Cz) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Term Loan Agreement (Boardwalk Pipeline Partners, LP)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and Loans, or (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into to Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate principal amount of the Eurodollar Rate Loans for each Interest Period constituting a single Borrowing must be in an the amount that is of at least $1,000,000 or an integral multiple of $1,000,000.00250,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F G hereto (a "Notice of Conversion or Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period Period, and (C) in the case of a conversion, the date of conversionconversion (which date shall be a Business Day and, if a conversion from Eurodollar Rate Loans, shall also be the last day of the applicable Interest Period).

Appears in 1 contract

Samples: Kasper a S L LTD

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans Loans, and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; providedPROVIDED, howeverHOWEVER, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s its Ratable Portion. Each such election shall be in substantially the form of Exhibit EXHIBIT F (a “Notice of Conversion or Continuation”"NOTICE OF CONVERSION OR CONTINUATION") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period Period, and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.001,000,000. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Form of Notice of Conversion or Continuation) (a "Notice of Conversion or Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice (or telephonic notice promptly conformed in writing) specifying, in each case, (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (Washington Group International Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Term Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least (x) three Business Days’ prior written notice in the case of a conversion to, or continuation of, Eurodollar Rate Loans or (y) one Business Day’s prior written notice in the case of a conversion to Base Rate Loans, each such notice specifying, in each caseas applicable, (A) the amount and Type type of Loans Term Loan being converted or continued, (B) in the case of a conversion to to, or a continuation of of, Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Knology Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure CO LLC)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day Day, to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans Eurocurrency RateSOFR Loans, and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Eurocurrency RateSOFR Loans or any portion thereof into Base Rate Loans Loans, or to continue such Eurodollar Rate Eurocurrency RateSOFR Loans or any portion thereof for an additional Interest Period; provided, however, provided that the aggregate amount of the Eurodollar Rate Eurocurrency RateSOFR Loans for each Interest Period must be in an the amount that is of at least $500,000 or an integral multiple of $1,000,000.00100,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three two (2) Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Eurocurrency RateSOFR Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (eHealth, Inc.)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans converted or continued for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (a “Form of Notice of Conversion or Continuation) (a "Notice of Conversion or Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

Conversion/Continuation Option. (a) The Borrowers Administrative Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans Loans, and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans of any Class for each Interest Period must be in an the amount that is of $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender of such Class in accordance with such each applicable Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F I (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount amount, type and Type Class of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period Period, and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit and Security Agreement (Tousa Inc)

AutoNDA by SimpleDocs

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $1,000,000 or an integral multiple of $1,000,000.00500,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Geologistics Corp)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $1,000,000 or an integral multiple of $1,000,000.00500,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, (A) to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or (B) to continue such Eurodollar Rate Loans Loans, or any portion thereof thereof, for an additional Interest Period; provided, however, that (i) the aggregate amount of the Base Rate Loans for each Interest Period must be in the amount of at least $500,000 or an integral 77 Credit Agreement AMC Entertainment Inc. multiple of $100,000 in excess thereof and (ii) the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $1,000,000 or an integral multiple of $1,000,000.00500,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Amc Entertainment Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day Day, to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (a “Form of Notice of Conversion or Continuation) (a "Notice of Conversion or Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Tecumseh Products Co)

Conversion/Continuation Option. (a) The Borrowers may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.00. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, (A) the amount amount, Facility and Type of Loans being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount that is an integral multiple of $1,000,000.001,000,000. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice (or telephonic notice promptly conformed in writing) specifying, in each case, (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Credit Agreement (Washington Group International Inc)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans Loan or to continue such Eurodollar Rate Loans or any portion thereof for an any additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Bridge Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s 's Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (a “Form of Notice of Conversion or Continuation) (a "Notice of Conversion of Continuation") and shall be made by giving the Applicable Administrative Agent at least three Business Days' prior written notice specifying, in each case, specifying (A) the amount and Type of Loans being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of conversion.

Appears in 1 contract

Samples: Bridge Loan Agreement (Concentra Operating Corp)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F E (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure CO LLC)

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an the amount that is of at least $5,000,000 or an integral multiple of $1,000,000.001,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Term Loans subject to such conversion or continuation of each Applicable Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F D (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent at least three Business Days’ prior written notice specifying, in each case, specifying (A) the amount and Type type of Loans Term Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of such conversion. COLLECTIVE BRANDS FINANCE, INC.

Appears in 1 contract

Samples: Term Loan Agreement (Payless Shoesource Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!