Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances.
Appears in 6 contracts
Samples: Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.), Day Revolving Credit Agreement (Mondelez International, Inc.)
Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz Kraft Foods Group on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances.
Appears in 4 contracts
Samples: Credit Agreement, Credit Agreement (Kraft Foods Group, Inc.), Credit Agreement (Kraft Foods Inc)
Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz Kraft Foods on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Kraft Foods Inc), Credit Agreement (Kraft Foods Inc)
Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz International on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances Advance in accordance with the provisions contained in the definition of the term “Interest Period,” or to give notice of a voluntary Conversion under Section 2.06(c), the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances Advance will automatically, on the last day of the then existing Interest Period therefor, but subject to the provisions of 2.06(b), 2.08 and 2.13, Convert into a Base Rate AdvancesAdvance.
Appears in 2 contracts
Samples: Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.)
Conversion upon Absence of Interest Period. If any the Borrower (or Mondelēz on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances Loans in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify such the Borrower and the Lenders and such Advances Loans will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate AdvancesLoans.
Appears in 2 contracts
Samples: Term Loan Agreement (Mondelez International, Inc.), Term Loan Agreement (Mondelez International, Inc.)
Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz Kraft Foods Group on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base LIBO Rate AdvancesAdvances with a one month Interest Period.
Appears in 1 contract
Conversion upon Absence of Interest Period. If any Borrower (or Mondelēz International on behalf of any other Borrower) shall fail to select the duration of any Interest Period for any LIBO Rate Advances Advance in accordance with the provisions contained in the definition of the term “Interest Period,” or to give notice of a voluntary Conversion under Section 2.06(c), the Administrative Agent will forthwith so notify such Borrower and the Lenders and such Advances Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into to a Base Rate AdvancesAdvance.
Appears in 1 contract
