Common use of Conversion of Loans Clause in Contracts

Conversion of Loans. Borrower shall have the right, on prior irrevocable written notice to Agent given two (2) Banking Days prior to the date of any requested conversion, to convert any Prime Rate Loan or LIBOR Loan into a Loan of another type, or to continue any LIBOR Loan for another Interest Period, subject in each case to the following:

Appears in 3 contracts

Samples: Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc), Loan Agreement (Seafield Capital Corp)

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Conversion of Loans. The Borrower shall have the right, on prior irrevocable written notice to Agent given two (2) Banking Business Days prior to the date of any requested conversion, to convert any Prime Rate Loan or LIBOR Loan into a Loan of another type, or to continue any LIBOR Loan for another Interest Period, subject in each case to the following:

Appears in 2 contracts

Samples: Credit Agreement (Protective Life Insurance Co), Credit Agreement (Protective Life Corp)

Conversion of Loans. Borrower The Borrowers shall have the right, on prior irrevocable written notice to Agent given two three (23) Banking Business Days prior to the date of any requested conversion, to convert any Prime Rate Loan or LIBOR Loan into a Loan of another type, or to continue any LIBOR Loan for another Interest Period, subject in each case to the following:

Appears in 1 contract

Samples: Credit Agreement (Protective Life Insurance Co)

Conversion of Loans. Borrower The Borrowers shall have the right, on prior irrevocable written notice to Administrative Agent given two three (23) Banking Business Days prior to the date of any requested conversion, to convert any Prime Rate Loan or LIBOR Loan into a Loan of another type, or to continue any LIBOR Loan for another Interest Period, subject in each case to the following:

Appears in 1 contract

Samples: Credit Agreement (Protective Life Corp)

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Conversion of Loans. Borrower Response, on behalf of the Borrowers, shall have the right, on prior irrevocable written notice to Agent given two (2) Banking Days prior to the date of any requested conversion, to convert any Prime Rate Loan or LIBOR Loan into a Loan of another type, or to continue any LIBOR Loan for another Interest Period, subject in each case to the following:

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

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