Conversion upon Absence of Interest Period. If any 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,” JPMCB, as 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: Credit Agreement (Altria Group, Inc.), Credit Agreement (Altria Group, Inc.), Credit Agreement (Altria Group, Inc.)
Conversion upon Absence of Interest Period. If any 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,” JPMCBJPMorgan Chase, as Administrative Agent, will forthwith so notify such Borrower and the Lenders 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 (Altria Group, Inc.), Credit Agreement (Altria Group, Inc.), Credit Agreement (Altria Group Inc)
Conversion upon Absence of Interest Period. If any 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,” JPMCBJPMorgan Chase, as 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 3 contracts
Samples: Credit Agreement (Kraft Foods Inc), Credit Agreement (Altria Group Inc), Credit Agreement (Kraft Foods Inc)
Conversion upon Absence of Interest Period. If any Borrower shall fail to select the duration of any Interest Period for any LIBO Rate RateTerm SOFR Advances in accordance with the provisions contained in the definition of the term “Interest Period,” JPMCB, as 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 1 contract
Conversion upon Absence of Interest Period. If any 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,” JPMCB, as 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.. (b)
Appears in 1 contract
Samples: Credit Agreement
Conversion upon Absence of Interest Period. If any Borrower shall fail to select the duration of any Interest Period for any LIBO Rate Term SOFR Advances in accordance with the provisions contained in the definition of the term “Interest Period,” JPMCB, as 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 1 contract
