Common use of Drawdowns, Conversions and Rollovers Clause in Contracts

Drawdowns, Conversions and Rollovers. (1) Subject to the provisions of this Agreement, the Borrower may (i) make Drawdowns hereunder; (ii) convert the whole or any part of any type of Advance into any other type of Advance; or (iii) may rollover any Bankers’ Acceptances, BA Equivalent Note or LIBOR Advance on the last day of the applicable Interest Period thereof or extend Letters of Credit in accordance with their terms, by giving the Agent a Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Wireless Inc), Credit Agreement (Sierra Wireless France SAS)

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Drawdowns, Conversions and Rollovers. (1) Subject to the provisions of this Agreement, the Borrower may (ia) make Drawdowns hereunder; , (iib) convert the whole or any part of any type of Advance Loan into any other type of Advance; Loan, or (iii) may rollover any Bankers’ Acceptances, BA Equivalent Note CDOR Loan or LIBOR Advance Loan on the last day of the applicable Interest Period thereof or extend Letters of Credit in accordance with their termstherefor, by giving the Agent Lender a Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Dirtt Environmental Solutions LTD)

Drawdowns, Conversions and Rollovers. (1) Subject to the provisions of this Agreement, the Borrower may (i) make Drawdowns hereunder; , (ii) convert the whole or any part of any type of Advance Loan into any other type of Advance; Loan, or (iii) may rollover any Bankers’ Acceptances, Acceptances or BA Equivalent Note or LIBOR Advance on the last day of the applicable Interest Period thereof or extend Letters of Credit in accordance with their termstherefor, by giving the Administrative Agent a Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Drawdowns, Conversions and Rollovers. (1) Subject to the provisions of this Agreement, the Borrower may (i) make Drawdowns hereunder; (ii) convert the whole or any part of any type of Advance into any other type of Advance; or (iii) may rollover any Bankers’ Acceptances, Acceptances or BA Equivalent Note or LIBOR Advance on the last day of the applicable Interest Period thereof therefor, or extend Letters of Credit in accordance with their terms, by giving the Agent a Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be.

Appears in 1 contract

Samples: Assignment and Assumption (Nordion Inc.)

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Drawdowns, Conversions and Rollovers. (1) Subject to the provisions of this Agreement, the Borrower Borrowers may (i) make Drawdowns hereunder; (ii) convert the whole or any part of any type of Advance into any other type of Advance; or (iii) may rollover roll over any Bankers’ AcceptancesBA Rate Advance, BA Equivalent Note LIBOR Advance or LIBOR EURIBOR Advance on the last day of the applicable Interest Period thereof or extend Letters of Credit in accordance with their terms, by giving the Agent a Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Points International LTD)

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