different Interest Periods. If a Borrower shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.
Appears in 14 contracts
Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)
different Interest Periods. If a Borrower shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.
Appears in 10 contracts
Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)
different Interest Periods. If a Borrower shall fail to give timely notice of its election to continue any LIBOR Portion Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion Advance or portion thereof, unless such LIBOR Portion Advance shall be repaid, shall automatically be converted into a Base Rate Portion Advance at the end of the Interest Period then in effect with respect to such LIBOR PortionAdvance.
Appears in 2 contracts
Samples: Loan and Security Agreement (Home Products International Inc), Loan and Security Agreement (Home Products International Inc)
different Interest Periods. If a Borrower Representative shall fail to give timely notice of its election to continue any LIBOR Portion Loan or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion Loan or portion thereof, unless such LIBOR Portion Loan shall be repaid, shall automatically be converted into a Base Rate Portion Loan at the end of the Interest Period then in effect with respect to such LIBOR PortionLoan.
Appears in 1 contract
different Interest Periods. If a Borrower Representative shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.
Appears in 1 contract
Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)
different Interest Periods. If a Borrower Representative shall fail to give timely notice of its election to continue any LIBOR LIBORSOFR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR LIBORSOFR Portion or portion thereof, unless such LIBOR LIBORSOFR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR LIBORSOFR Portion.
Appears in 1 contract
different Interest Periods. If a U.S. Borrower shall fail to give timely notice of its election to continue any LIBOR Portion Loan or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion Loans or portion thereof, unless such LIBOR Portion Loan shall be repaid, shall automatically be converted into a Base Rate Portion Loan at the end of the Interest Period then in effect with respect to such LIBOR PortionLoan.
Appears in 1 contract
