Conversion or Renewal. Subject to the provisions of Sections 2.04(e) and 2.04(f) hereof, unless an Event of Default shall have occurred and be continuing, any Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the LIBO Rate Option as to any Funding Segment of the LIBO Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Funding Period with respect to conversions from or renewals of the LIBO Rate Option, as to the Funding Segment corresponding to such expiring Funding Period. Whenever a Borrower desires to convert or renew any interest rate Option or Options, such Borrower shall provide to the Agent Standard Notice setting forth the following information:
Appears in 2 contracts
Sources: Credit Agreement (Curtiss Wright Corp), Short Term Credit Agreement (Curtiss Wright Corp)