Eurodollar Loans Suspended. Upon the giving of the notice to the Company referred to in Section 2.15(a) above, (1) the Company's right to request (by continuation, conversion or otherwise) and such Lender's obligation to make Eurodollar Loans shall be immediately suspended, and thereafter, any requested Borrowing of Eurodollar Loans shall, as to such Lender only, be deemed to be a request for a Base Rate Loan, and (2) if the affected Eurodollar Loan or Loans are then outstanding, the Company shall immediately, or if permitted by applicable law, no later than the date permitted thereby, upon at least one Business Day's written notice to the Administrative Agent and the affected Lender, convert each such Eurodollar Loan into a Base Rate Loan, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this subsection.
Appears in 2 contracts
Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)
Eurodollar Loans Suspended. Upon the giving of the notice to the Company referred to in Section 2.15(aSubsection (a) above, (1i) the Company's right to request (by continuation, conversion or otherwise) and such Lender's obligation to make Eurodollar Loans shall be immediately suspended, and thereafter, any requested Borrowing of Eurodollar Loans shall, as to such Lender only, be deemed to be a request for a Base Rate Loan, and (2ii) if the affected Eurodollar Loan or Loans are then outstanding, the Company shall immediately, or if permitted by applicable law, no later than the date permitted thereby, upon at least one Business Day's written notice to the Administrative Agent and the affected Lender, convert each such Eurodollar Loan into a Base Rate Loan, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this subsectionSubsection.
Appears in 2 contracts
Samples: Credit Agreement (Sterling Chemical Inc), Credit Agreement (Sterling Chemical Inc)
Eurodollar Loans Suspended. Upon the giving of the notice to the Company referred to in Section 2.15(aSubsection (a) above, (1) the Company's right to request (by continuation, conversion or otherwise) and such Lender's obligation to make Eurodollar Loans shall be immediately suspended, and thereafter, any requested Borrowing of Eurodollar Loans shall, as to such Lender only, be deemed to be a request for a Base Rate Loan, and (2) if the affected Eurodollar Loan or Loans are then outstanding, the Company shall immediately, or if permitted by applicable law, no later than the date permitted thereby, upon at least one Business Day's written notice to the Administrative Agent and the affected Lender, convert each such Eurodollar Loan into a Base Rate Loan, provided provided, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this subsectionSubsection.
Appears in 1 contract
Samples: Credit Agreement (Purina Mills Inc)
Eurodollar Loans Suspended. Upon the giving of the notice to the Company Borrowers referred to in Section 2.15(a2.14(a) above, (1) the Company's Borrowers' right to request (by continuation, conversion or otherwise) and such Lender's obligation to make Eurodollar Loans shall be immediately suspended, and thereafter, any requested Borrowing of Eurodollar Loans shall, as to such Lender only, be deemed to be a request for a Base Rate ABR Loan, and (2) if the affected Eurodollar Loan or Loans are then outstanding, the Company Borrowers shall immediately, or if permitted by applicable law, no later than the date permitted thereby, upon at least one Business Day's written notice to the Administrative Agent and the affected Lender, convert each such Eurodollar Loan into a Base Rate ABR Loan, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this subsection.
Appears in 1 contract
Samples: Stock Purchase Agreement (Maverick Tube Corporation)
Eurodollar Loans Suspended. Upon the giving of the notice to the Company Borrower referred to in Section 2.15(a2.13(a) above, (1) the CompanyBorrower's right to request (by continuation, conversion or otherwise) and such Lender's obligation to make Eurodollar Loans shall be immediately suspended, and thereafter, thereafter any requested Borrowing of Eurodollar Loans shall, as to such Lender only, be deemed to be a request for a Base Rate Loan, and (2) if the affected Eurodollar Loan or Eurodollar Loans are then outstanding, the Company Borrower shall immediately, or if permitted by applicable law, no later than the date permitted thereby, upon at least one Business Day's written notice to the Administrative Agent and the affected Lender, convert each such Eurodollar Loan into a Base Rate Loan, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this subsection.
Appears in 1 contract