Common use of Conversion Prior to Maturity Clause in Contracts

Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans in US Dollars or in Euros, all Libor Loans owed to such Lender (in US Dollars or Euros, as applicable) will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.

Appears in 5 contracts

Samples: Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc), Credit Agreement (Cascades Boxboard Group Inc)

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Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans in US Dollars or in Euros, all Libor Loans owed to such Lender (in US Dollars or Euros, as applicable) Euros will become US Base Rate Loans or Prime Rale Loans respectively on the date of the notice given pursuant to Section 4.2.

Appears in 3 contracts

Samples: Credit Agreement (Cascades Inc), Credit Agreement, Credit Agreement (Cascades Inc)

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