Common use of Conversions and Renewals Clause in Contracts

Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.

Appears in 4 contracts

Samples: Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc), Credit Agreement (Cascades Boxboard Group Inc)

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Conversions and Renewals. (a) A The Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be convertedperiods.

Appears in 2 contracts

Samples: Credit Agreement (Neurochem Inc), Credit Agreement (Neurochem Inc)

Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings owed by it under the applicable Facility or Tranche (as applicable) and renew Acceptances and Libor LoansLoans owed by it, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (Cascades Inc)

Conversions and Renewals. (a) A The Borrower may convert the whole or any part of the outstanding Borrowings under the Facility from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche and may renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods subject to payment by the Borrower of all applicable breakage costs concurrently therewith, and (ii) provided further that Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (Nomad Royalty Co Ltd.)

Conversions and Renewals. (a) A The Borrower may convert the whole or any part of the outstanding Borrowings under the Facility from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche and may renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and and, (ii) Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (Osisko Gold Royalties LTD)

Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche or Facility and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (Cascades Inc)

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Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings under the applicable Tranche and renew Acceptances and Libor Loansrelevant Facility, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (AbitibiBowater Inc.)

Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings owed by it under the applicable Facility or Tranche (as applicable) and renew Acceptances and Libor LoansLoans owed by it, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.and

Appears in 1 contract

Samples: Credit Agreement

Conversions and Renewals. (a) A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings owed by it under the applicable Tranche and renew Acceptances and Libor LoansLoans owed by it, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted.

Appears in 1 contract

Samples: Credit Agreement (Cascades Inc)

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