Common use of Conversions and Continuations Clause in Contracts

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this Section, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office (i) no later than 10:00 a.m. (Houston, Texas time) on the proposed conversion date in the case of a Conversion of such Advances to Adjusted Base Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas time) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas time) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies. Each such Notice of Conversion or Continuation shall be by telephone or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested), specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation 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 Eurocurrency Rate Advances, notify each Lender of the applicable interest rate under Section 2.6(b). For purposes other than the conditions set forth in Section 3.3, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (NOW Inc.), Credit Agreement (NOW Inc.)

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Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this Section, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 p.m. (Houston, Texas time) on (i) at least one Business Day in advance of the proposed conversion date in the case of a Conversion of such Advances to Adjusted Base Prime Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas time) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas time) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies. Each such Notice of Conversion or Continuation shall be by telephone or facsimiletelecopier, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile telecopier or with a “PDF” file delivered in an e-mail with a return acknowledgment requested), specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation 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 Eurocurrency Rate Advances, notify each Lender of the applicable interest rate under Section 2.6(b). For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (National Oilwell Varco Inc), Credit Agreement (National Oilwell Varco Inc)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this Section, the Applicable Borrower shall shall: (i) in case of a US Revolving Borrowing or a Term B Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the US Administrative Agent at the US Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 p.m. (Houston, Texas time) on (A) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted US Base Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas timeB) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas timeC) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies; (ii) in case of a Canadian Borrowing or a B/A Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the Canadian Administrative Agent at the Canadian Administrative Agent’s office no later than 12:00 p.m. (Calgary, Alberta Canada time) (A) at least one Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (C$) Advances, (B) at least three Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (US$) Advances, (C) 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, Eurocurrency Advances under the Canadian Facility, and (D) 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, B/A Advances. Each such Notice of Conversion or Continuation shall be in writing or by telephone or facsimiletelecopier, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested)writing, specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period, and (E) in the case of a Conversion to, or continuation of, B/A Advances, the requested Contract Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Applicable Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each applicable Lender of the applicable interest rate under Section 2.6(b)2.10 as applicable. For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this SectionBorrowing, the Applicable Borrower shall shall: (i) in case of a US Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the US Administrative Agent at the US Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 noon (Houston, Texas New York City time) on (A) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted US Base Rate Advances, and (ii) no later than 12:00 p.m. (Houston, Texas timeB) 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, Eurocurrency Rate Advances denominated in Dollars; and ; (iiiii) in case of a Canadian Borrowing in Canadian Dollars, or a B/A Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the Canadian Administrative Agent at the Canadian Administrative Agent’s office no later than 12:00 p.m. noon (HoustonCalgary, Texas Alberta, Canada time) (A) at least four one Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advances to Canadian Prime Rate Advances or Base Rate Advances, and (B) 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, Eurocurrency Rate Advances denominated in Foreign Currenciesor B/A Advances. Each such Notice of Conversion or Continuation shall be in writing or by telephone or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested)writing, specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period, and (E) in the case of a Conversion to, or continuation of, B/A Advances, the requested Contract Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Applicable Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each applicable Lender of the applicable interest rate under Section 2.6(b2.9(e). For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving 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 Advances comprising part of the same Revolving Borrowing under this Section, the Applicable Borrower shall shall: (i) in case of a US Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the US Administrative Agent at the US Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 p.m. (Houston, Texas time) on (A) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted US Base Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas timeB) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas timeC) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies; (ii) in case of a Canadian Borrowing or a B/A Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the Canadian Administrative Agent at the Canadian Administrative Agent’s office no later than 12:00 p.m. (Calgary, Alberta Canada time) (A) at least one Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (C$) Advances, (B) at least three Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (US$) Advances, (C) 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, Eurocurrency Advances under the Canadian Facility, and (D) 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, B/A Advances. Each such Notice of Conversion or Continuation shall be in writing or by telephone or facsimiletelecopier, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested)writing, specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period, and (E) in the case of a Conversion to, or continuation of, B/A Advances, the requested Contract Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Applicable Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each applicable Lender of the applicable interest rate under Section 2.6(b)2.10 as applicable. For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing a US Advance or a Canadian Advance under this Sectionparagraph, the applicable Borrower shall deliver an irrevocable Notice of Continuation or Conversion or Continuation to the applicable Administrative Agent at the applicable Administrative Agent’s office (iA) no later than 10:00 11:00 a.m. (Houston, Texas time) (i) on the Business Day before the date of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted a US Base Rate AdvancesAdvance, (ii) no later than 12:00 p.m. on the Business Day before the date of the proposed Conversion date in the case of a Conversion to a Canadian (HoustonUS) Base Rate Advance, Texas time(iii) 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 Eurocurrency Rate Advances denominated in Dollars; Advance or a B/A Advance and (iiiB) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas time) at least four on the Business Days in advance Day before the date of the proposed Conversion or continuation date in the case of a Conversion to, or to a continuation of, Eurocurrency Canadian (Cdn) Base Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by telephone in writing or facsimile, and if by telephone, telex or facsimile confirmed promptly in writing (which confirmation may be provided by facsimile or the applicable Borrower with a “PDF” file delivered in an e-mail hard copy (other than with a return acknowledgment requestedrespect to notice sent by facsimile), specifying (Ai) the requested Conversion or continuation date (which shall be a Business Day), (Bii) the Borrowing amount amount, Type and Type Class of the Advances Advance to be Converted or continued, (Ciii) whether a Conversion or continuation is requestedrequested and, and if a Conversion, into what Type of AdvancesAdvance, and (Div) in the case of a Conversion to, or a continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period and (v) in the case of a Conversion to, or a continuation of, a B/A Advance, the requested Contract Period. Promptly after receipt of a Notice of Continuation or Conversion or Continuation under this paragraph, the applicable Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a continuation of a Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b2.8(b). For purposes other than the conditions set forth in Section 3.3, the The portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing Continue an Advance under this Section, the Borrower desiring a Conversion or Continuation shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s 's office no later than (i) no later than 10:00 11:00 a.m. (HoustonDallas, Texas time) on the proposed conversion Business Day of such requested Conversion date in the case of a Conversion of such Advances to Adjusted a U.S. Base Rate AdvancesAdvance, (ii) no later than 12:00 p.m. 11:00 a.m. (HoustonDallas, Texas time) at least three Business Days in advance of the proposed such requested Conversion or continuation Continuation date in the case of a Conversion to, or a continuation Continuation of, Eurocurrency a Eurodollar Rate Advances denominated in Dollars; and Advance, (iii) no later than 12:00 p.m. 11:00 a.m. (HoustonParis, Texas France time) at least four three Business Days in advance of the proposed such requested Conversion or continuation Continuation date in the case of a Conversion to, or a continuation Continuation of, a Eurocurrency Rate Advance, and (iv) 11:00 a.m. (Paris, France time) three Business Days in advance of such requested Conversion or Continuation date in the case of a Conversion to, or Continuation of, a French Alternate Rate Advance; provided that no such Conversion to French Alternate Rate Advances denominated in Foreign Currenciesshall be permitted unless (I) there is, with respect to requested Conversions or Continuations of Borrowings which are to be comprised of French Revolving Advances, less than 30 days from the date of such Conversion or Continuation until the Maturity Date applicable to such French Revolving Advances or (II) permitted or required by this Agreement. Each such Notice of Conversion or Continuation shall be in writing or by telephone telex, telecopier or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested), specifying (A) the requested Conversion or continuation Continuation date (which shall be a Business Day), (B) the Borrowing amount amount, Type, and Type Class of the Advances Advance to be Converted or continuedContinued, (C) whether a Conversion or continuation Continuation is requested, and if a Conversion, into what Type of AdvancesAdvance, and (D) in the case of a Conversion to, or a continuation Continuation of, Eurocurrency a Fixed Rate AdvancesAdvance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation 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 Eurocurrency Rate Advances, notify each Lender of the applicable interest rate under Section 2.6(b). For purposes other than the conditions set forth in Section 3.3, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.of

Appears in 1 contract

Samples: Credit Agreement (Schweitzer Mauduit International Inc)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this Section, the Applicable Borrower shall shall: (i) in case of a US Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the US Administrative Agent at the US Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 p.m. (Houston, Texas time) on (A) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted US Base Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas timeB) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas timeC) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies; (ii) in case of a Canadian Borrowing or a B/A Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the Canadian Administrative Agent at the Canadian Administrative Agent’s office no later than 12:00 p.m. (Calgary, Alberta Canada time) (A) at least one Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (C$) Advances, (B) at least three Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (US$) Advances, (C) 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, Eurocurrency Advances under the Canadian Facility, and (D) 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, B/A Advances. Each such Notice of Conversion or Continuation shall be in writing or by telephone or facsimile, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested)writing, specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period, and (E) in the case of a Conversion to, or continuation of, B/A Advances, the requested Contract Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Applicable Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each applicable Lender of the applicable interest rate under Section 2.6(b)2.10 as applicable. For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing under this Section, the Applicable Borrower shall shall: (i) in case of a US Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the US Administrative Agent at the US Administrative Agent’s office (i) no later than 10:00 a.m. 12:00 p.m. (Houston, Texas time) on / 1:00 p.m. (Atlanta, Georgia time) (A) at least one Business Day in advance of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted US Base Rate Advances, (ii) no later than 12:00 p.m. (Houston, Texas timeB) 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas timeC) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances denominated in Foreign Currencies; (ii) in case of a Canadian Borrowing or a B/A Borrowing, deliver an irrevocable Notice of Conversion or Continuation to the Canadian Administrative Agent at the Canadian Administrative Agent’s office no later than 12:00 p.m. (Calgary, Alberta Canada time) (A) at least one Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (C$) Advances, (B) at least three Business Day in advance of the proposed Conversion date in the case of a Conversion of such Advance to Canadian Base Rate (US$) Advances, (C) 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, Eurocurrency Advances under the Canadian Facility, and (D) 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, B/A Advances. Each such Notice of Conversion or Continuation shall be in writing or by telephone or facsimiletelecopier, and if by telephone, confirmed promptly in writing (which confirmation may be provided by facsimile or with a “PDF” file delivered in an e-mail with a return acknowledgment requested)writing, specifying (A) the requested Conversion or continuation date (which shall be a Business Day), (B) the Borrowing amount and Type of the Advances to be Converted or continued, (C) whether a Conversion or continuation is requested, and if a Conversion, into what Type of Advances, and (D) in the case of a Conversion to, or a continuation of, Eurocurrency Rate Advances, the requested Interest Period, and (E) in the case of a Conversion to, or continuation of, B/A Advances, the requested Contract Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Applicable Administrative Agent shall provide each applicable Lender with a copy thereof and, in the case of a Conversion to or a continuation of Eurocurrency Rate Advances, notify each applicable Lender of the applicable interest rate under Section 2.6(b)2.10 as applicable. For purposes other than the conditions set forth in Section 3.33.2, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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Conversions and Continuations. In order to elect to Convert or continue Continue Advances comprising part of the same Revolving Borrowing under this Section, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office its Applicable Lending Office no later than (i) no later than 10:00 a.m. (Houston, Texas New York time) on the proposed conversion at least one Business Day in advance of such requested Conversion date in the case of a Conversion of such Advances a Eurocurrency Rate Advance to Adjusted a Base Rate Advances, Advance or (ii) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas 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, Eurocurrency Rate Advances denominated in Dollars; and (iii) no later than 12:00 p.m. (Houston, Texas time) at least four Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, Advance to another Eurocurrency Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by facsimile or telephone or facsimile, and if by telephone, confirmed promptly in writing or by electronic communication (e-mail) receipt of which confirmation may be provided is confirmed by the Administrative Agent by facsimile or with a “PDF” file delivered telephone, in an e-mail with a return acknowledgment requested)any event, specifying (A) the requested Conversion or continuation Continuation date (which shall be a Business Day), (B) the Borrowing amount amount, Class, and Type of the Advances Advance to be Converted or continuedContinued, (C) whether a Conversion or continuation Continuation is requested, and if a Conversion, into what Type of AdvancesAdvance, and (D) in the case of a Conversion to, or a continuation Continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation 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 Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b)2.09. Notwithstanding anything in this Agreement to the contrary, Conversions of Eurocurrency Rate 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. For purposes other than the conditions set forth in Section 3.33.02, the portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same a Revolving Borrowing Advance or a Term Advance under this Sectionparagraph, the Borrower shall deliver an irrevocable Notice of Continuation or Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office (iA) no later than 10:00 11:00 a.m. (Houston, Texas time) (i) on the Business Day before the date of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted a US Base Rate AdvancesAdvance, and (ii) no later than 12:00 p.m. (Houston, Texas time) 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 Eurocurrency Rate Advances denominated in Dollars; Advance or a B/A Advance and (iiiB) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas time) at least four on the Business Days in advance Day before the date of the proposed Conversion or continuation date in the case of a Conversion to, or to a continuation of, Eurocurrency Canadian Base Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by telephone in writing or facsimile, and if by telephone, telex or facsimile confirmed promptly in writing (which confirmation may be provided by facsimile or the Borrower with a “PDF” file delivered in an e-mail hard copy (other than with a return acknowledgment requestedrespect to notice sent by facsimile), specifying (Ai) the requested Conversion or continuation date (which shall be a Business Day), (Bii) the Borrowing amount amount, Type and Type Class of the Advances Advance to be Converted or continued, (Ciii) whether a Conversion or continuation is requestedrequested and, and if a Conversion, into what Type of AdvancesAdvance, and (Div) in the case of a Conversion to, or a continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period and (v) in the case of a Conversion to, or a continuation of, a B/A Advance, the requested Contract Period. Promptly after receipt of a Notice of Continuation or Conversion or Continuation 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 Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b2.8(b). For purposes other than the conditions set forth in Section 3.3, the The portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing a US Advance or a Canadian Advance under this Sectionparagraph, the applicable Borrower shall deliver an irrevocable Notice of Continuation or Conversion or Continuation to the applicable Administrative Agent at the applicable Administrative Agent’s office (iA) no later than 10:00 11:00 a.m. (Houston, Texas time) (i) on the Business Day before the date of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted a US Base Rate AdvancesAdvance, (ii) no later than 12:00 p.m. on the Business Day before the date of the proposed Conversion date in the case of a Conversion to a Canadian (HoustonUS) Base Rate Advance, Texas time(iii) 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 Eurocurrency Rate Advances denominated in Dollars; Advance or a B/A Advance and (iiiB) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas time) at least four on the Business Days in advance Day before the date of the proposed Conversion or continuation date in the case of a Conversion to, or to a continuation of, Eurocurrency Canadian (Cdn) Base Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by telephone in writing or facsimile, and if by telephone, telex or facsimile confirmed promptly in writing (which confirmation may be provided by facsimile or the applicable Borrower with a “PDF” file delivered in an e-mail hard copy (other than with a return acknowledgment requestedrespect to notice sent by facsimile), specifying (Ai) the requested Conversion or continuation date (which shall be a Business Day), (Bii) the Borrowing amount amount, Type and Type Class of the Advances Advance to be Converted or continued, (Ciii) whether a Conversion or continuation is requestedrequested and, and if a Conversion, into what Type of AdvancesAdvance, and (Div) in the case of a Conversion to, or a continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period and (v) in the case of a Conversion to, or a continuation of, a B/A Advance, the requested Contract Period. Promptly after receipt of a Notice of Continuation or Conversion or Continuation under this paragraph, the applicable Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a continuation of a Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b2.8(b). For purposes other than the conditions set forth in Section 3.3, the The portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.. 60

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing a US Advance or a Canadian Advance under this Sectionparagraph, the applicable Borrower shall deliver an irrevocable Notice of Continuation or Conversion or Continuation to the applicable Administrative Agent at the applicable Administrative Agent’s office (iA) no later than 10:00 11:00 a.m. (Houston, Texas time) (i) on the Business Day before the date of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted a US Base Rate AdvancesAdvance, (ii) no later than 12:00 p.m. on the Business Day before the date of the proposed Conversion date in the case of a Conversion to a Canadian (HoustonUS) Base Rate Advance, Texas time(iii) 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 Eurocurrency Rate Advances denominated in Dollars; Advance or a B/A Advance and (iiiB) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas time) at least four on the Business Days in advance Day before the date of the proposed Conversion or continuation date in the case of a Conversion to, or to a continuation of, Eurocurrency Canadian (Cdn) Base Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by telephone in writing or facsimile, and if by telephone, telex or facsimile confirmed promptly in writing (which confirmation may be provided by facsimile or the applicable Borrower with a “PDF” file delivered in an e-mail hard copy (other than with a return acknowledgment requestedrespect to notice sent by facsimile), specifying (Ai) the requested Conversion or continuation date (which shall be a Business Day), (Bii) the Borrowing amount amount, Type and Type Class of the Advances Advance to be Converted or continued, (Ciii) whether a Conversion or continuation is requestedrequested and, and if a Conversion, into what Type of AdvancesAdvance, and (Div) in the case of a Conversion to, or a continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period and (v) in the case of a Conversion to, or a continuation of, a B/A Advance, the requested Contract Period. Promptly after receipt of a Notice of Continuation or Conversion or Continuation under this paragraph, the applicable Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a continuation of a Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b2.8(b). For purposes other than the conditions set forth in Section 3.3, the The portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.60

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Conversions and Continuations. In order to elect to Convert or continue Advances comprising part of the same Revolving Borrowing a US Advance or a Canadian Advance under this Sectionparagraph, the applicable Borrower shall deliver an irrevocable Notice of 58 Continuation or Conversion or Continuation to the applicable Administrative Agent at the applicable Administrative Agent’s office (iA) no later than 10:00 11:00 a.m. (Houston, Texas time) (i) on the Business Day before the date of the proposed conversion Conversion date in the case of a Conversion of such Advances to Adjusted a US Base Rate AdvancesAdvance, (ii) no later than 12:00 p.m. on the Business Day before the date of the proposed Conversion date in the case of a Conversion to a Canadian (HoustonUS) Base Rate Advance, Texas time(iii) 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 Eurocurrency Rate Advances denominated in Dollars; Advance or a B/A Advance and (iiiB) no later than 12:00 p.m. 10:00 a.m. (Houston, Texas time) at least four on the Business Days in advance Day before the date of the proposed Conversion or continuation date in the case of a Conversion to, or to a continuation of, Eurocurrency Canadian (Cdn) Base Rate Advances denominated in Foreign CurrenciesAdvance. Each such Notice of Conversion or Continuation shall be by telephone in writing or facsimile, and if by telephone, telex or facsimile confirmed promptly in writing (which confirmation may be provided by facsimile or the applicable Borrower with a “PDF” file delivered in an e-mail hard copy (other than with a return acknowledgment requestedrespect to notice sent by facsimile), specifying (Ai) the requested Conversion or continuation date (which shall be a Business Day), (Bii) the Borrowing amount amount, Type and Type Class of the Advances Advance to be Converted or continued, (Ciii) whether a Conversion or continuation is requestedrequested and, and if a Conversion, into what Type of AdvancesAdvance, and (Div) in the case of a Conversion to, or a continuation of, a Eurocurrency Rate AdvancesAdvance, the requested Interest Period and (v) in the case of a Conversion to, or a continuation of, a B/A Advance, the requested Contract Period. Promptly after receipt of a Notice of Continuation or Conversion or Continuation under this paragraph, the applicable Administrative Agent shall provide each Lender with a copy thereof and, in the case of a Conversion to or a continuation of a Eurocurrency Rate AdvancesAdvance, notify each Lender of the applicable interest rate under Section 2.6(b2.8(b). For purposes other than the conditions set forth in Section 3.3, the The portion of Revolving Advances comprising part of the same Revolving Borrowing that are Converted to Revolving Advances of another Type shall constitute a new Revolving Borrowing.

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

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