Common use of Conversions and Continuations Clause in Contracts

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. (Denver, Colorado time) (i) at least one Business Day in advance of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 6 contracts

Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

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Conversions and Continuations. In order to elect to Convert or continue Continue an Advance under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office its Applicable Lending Office no later than (i) 10:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one Business Day in advance of the proposed conversion on such requested Conversion date in the case of a Conversion of a Eurodollar Advance to a Base Rate Advance and or (ii) 10:00 a.m. (Houston, Texas time) at least three Business Days in advance of the proposed such requested Conversion or continuation date in the case of a Conversion to, into or Continuation of a continuation of, a Eurodollar Advance to another Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telecopier or facsimile telephone, confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail), in writing specifying (iA) the requested Conversion or continuation Continuation date (which shall be a Business Day), (iiB) the amount amount, Type and Type Class of the Advance to be Converted or continuedContinued, (iiiC) whether a Conversion or continuation Continuation is requested andrequested, and if a Conversion, into what Type of Revolving Advance, and (ivD) in the case of a Conversion to, or a continuation Continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(bSections 2.06(b). Notwithstanding anything in this Agreement to the contrary, Conversions of Eurodollar Advances may only be made at the end of the applicable Interest Period for such Advances; provided, however, that Conversions of Base Rate Advances may be made at any time. The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 4 contracts

Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar LIBOR Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar LIBOR Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar LIBOR Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Carbo Ceramics Inc), Credit Agreement (Carbo Ceramics Inc), Credit Agreement (Carbo Ceramics Inc)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Continuation or Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Reference Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Conversion or electronic mailContinuation attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.09(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)

Conversions and Continuations. In order to elect to Convert or continue an a Term Advance or a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or by electronic mail)mail as an attachment thereto, specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. (Denver, Colorado time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Triangle Petroleum Corp), Second Lien Credit Agreement (Triangle Petroleum Corp), Credit Agreement (Triangle Petroleum Corp)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office Office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of continuation or Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Continuation or electronic mailConversion attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance (including, if applicable, whether such Advance is a Revolving Tranche A Advance, Tranche B Term Advance or a Tranche C Term Advance), and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.9(b). The For purposes other than the conditions set forth in Section 3.2, the portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Reference Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Conversion or electronic mailContinuation attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.09(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Gastar Exploration Inc.), Credit Agreement (Gastar Exploration LTD)

Conversions and Continuations. In order to elect to Convert or continue an a Term Advance or a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly immediately by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office Office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of continuation or Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Continuation or electronic mailConversion attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.9(b). The For purposes other than the conditions set forth in Section 3.2, the portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office Office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of continuation or Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Continuation or electronic mailConversion attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance (including, if applicable, whether such Advance is a Revolving Tranche A Advance or Tranche B Term Advance), and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.9(b). The For purposes other than the conditions set forth in Section 3.2, the portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. 2:00 p.m. (DenverCharlotte, Colorado North Carolina time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail email or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Heckmann Corp), Credit Agreement (Heckmann Corp)

Conversions and Continuations. In order to elect to Convert or continue an a CapEx Advance, Term Advance or a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or by electronic mail)mail as an attachment thereto, specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. 12:00 p.m. (Denver, Colorado time) (i) at least one Business Day in advance of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. 2:00 p.m. (DenverHouston, Colorado Texas time) (i) at least one (1) Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three (3) Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly immediately by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Drilling Co), Credit Agreement (Pioneer Drilling Co)

Conversions and Continuations. In order to elect to Convert or continue an Advance Continue Revolving Advances comprising part of the same Borrowing under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. 2:00 p.m. (DenverHouston, Colorado Texas time) (i) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Revolving Advances to a Base Rate Advance Advances, and (ii) at least three Business Days in advance of the proposed Conversion or continuation Continuation date in the case of a Conversion to, or a continuation Continuation of, a Eurodollar AdvanceAdvances. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail)facsimile, specifying (iA) the requested Conversion or continuation Continuation date (which shall be a Business Day), (iiB) the Borrowing amount and Type of the Advance Revolving Advances to be Converted or continuedContinued, (iiiC) whether a Conversion or continuation Continuation is requested andrequested, and if a Conversion, into what Type of AdvanceRevolving Advances, and (ivD) in the case of a Conversion to, or a continuation Continuation of, a Eurodollar AdvanceAdvances, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar AdvanceAdvances, notify each applicable Lender of the applicable interest rate under Section 2.8(b)2.9 as applicable. The For purposes other than the conditions set forth in Section 3.2, the portion of Revolving Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)

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Conversions and Continuations. In order to elect to Convert or continue an Continue a Revolving Advance under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office its Applicable Lending Office no later than 10:00 a.m. (Denver, Colorado time) (i) 12:00 p.m. (New York time) at least one Business Day in advance of the proposed conversion such requested Conversion date in the case of a Conversion of a Eurodollar Advance to a Base Rate Advance and or (ii) 12:00 p.m. (New York time) at least three Business Days in advance of the proposed such requested Conversion or continuation date in the case of a Conversion to, into or Continuation of a continuation of, a Eurodollar Advance to another Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telecopier or facsimile telephone, confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail), in writing specifying (iA) the requested Conversion or continuation Continuation date (which shall be a Business Day), (iiB) the amount and amount, Type of the Revolving Advance to be Converted or continuedContinued, (iiiC) whether a Conversion or continuation Continuation is requested andrequested, and if a Conversion, into what Type of Revolving Advance, and (ivD) in the case of a Conversion to, or a continuation Continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(bSections 2.06(a)(ii). The portion of Advances comprising part of the same Borrowing that are Converted converted to Revolving Advances of another Type shall constitute a new Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance or a Term Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Continuation or Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (Denver, Colorado New York City time) (i) at least one on the Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Reference Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Conversion or electronic mailContinuation attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.8(b)2.08(b) [Eurodollar Rate Advances]. The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (Denver, Colorado New York City time) (i) at least one on the Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Reference Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Conversion or electronic mailContinuation attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.08(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s 's office no later than 10:00 a.m. 2:00 p.m. (DenverHouston, Colorado Texas time) (i) at least one (1) Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three (3) Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly immediately by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Energy Services Corp)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (Denver, Colorado New York City time) (i) at least one on the Business Day in advance of the proposed conversion Conversion date in the case of a Conversion to a Base Reference Rate Advance and (ii) at least three two Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Conversion or electronic mailContinuation attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.08(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (CVR Energy Inc)

Conversions and Continuations. In order to elect to Convert or continue an a Term Advance or a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, facsimile or by electronic mail or facsimile confirmed promptly by the Borrower (with a hard copy (other than with respect to notice sent by facsimile PDF file of the executed Notice of Continuation or electronic mailConversion attached), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b2.7(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Steel Excel Inc.)

Conversions and Continuations. In order to elect to Convert or continue an a Term Advance or a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s 's office no later than 10:00 11:00 a.m. (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Boots & Coots International Well Control Inc)

Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s 's office no later than 10:00 a.m. (Denver, Colorado time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Security Agreement (Triangle Petroleum Corp)

Conversions and Continuations. In order to elect to Convert or continue an Advance Advances comprising part of the same Borrowing under this paragraphSection, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation or Conversion to the Administrative Agent at the Administrative Agent’s 's office no later than 10:00 11:00 a.m. (DenverDallas, Colorado Texas time) (i) at least one on the Business Day in advance of the proposed conversion date in the case of a Conversion of such Advances to a Base Rate Advance Advances and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar AdvanceRate Advances. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mail)telecopier, specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the Borrowing amount and Type of the Advance Advances to be Converted or continued, (iii) whether a Conversion or continuation is requested andrequested, and if a Conversion, into what Type of AdvanceAdvances, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar AdvanceRate Advances, the requested Interest Period. Advances may only be Converted or continued as Advances. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender Bank with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar AdvanceRate Advances, notify each Lender Bank of the applicable interest rate under Section 2.8(b2.06(b). The For purposes other than the conditions set forth in Section 3.02, the portion of Advances comprising part of the same Borrowing that are Converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Pledge and Security Agreement (Valhi Inc /De/)

Conversions and Continuations. In order to elect to Convert or continue an a Revolving Advance under this paragraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion to the Administrative Agent at the Administrative Agent’s office no later than 10:00 a.m. 12:00 noon (DenverHouston, Colorado Texas time) (i) at least one on the Business Day in advance before the date of the proposed conversion date in the case of a Conversion to a Base Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, electronic mail telex or facsimile confirmed promptly by the Borrower with a hard copy (other than with respect to notice sent by facsimile or electronic mailfacsimile), specifying (i) the requested Conversion or continuation date (which shall be a Business Day), (ii) the amount amount, Type, and Type Class of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a Conversion to, or a continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation or Conversion under this paragraph, the Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation of a Eurodollar Advance, notify each Lender of the applicable interest rate under Section 2.8(b). The portion of Advances comprising part of the same Borrowing that are Converted converted to Advances of another Type shall constitute a new Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Forum Energy Technologies, Inc.)

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