Common use of Conversion to Different Type of Loan Clause in Contracts

Conversion to Different Type of Loan. All or any part of the principal amount of Revolving Credit Loans of any Type may, on any Business Day, be converted into any other Type or Types of Revolving Credit Loans, except that (i) a LIBOR Loan may be converted only on the last day of the applicable Interest Period therefor and (ii) a Base Rate Loan may be converted into a LIBOR Loan only on a Business Day for LIBOR Loans.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Sl Industries Inc), Revolving Credit Agreement (Sheridan Group Inc), Revolving Credit Agreement (Dingley Press, Inc.)

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