Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 4 contracts
Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Omnibus Credit Facility Agreement (Black Box Corp)
Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.08(a)(ii) hereof, any part of the CD Rate Portion or Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 2 contracts
Samples: Term Revolving Credit Agreement (Foster Wheeler Corp), Revolving Credit Agreement (Foster Wheeler Corp)
Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii) hereof2.4(a)(ii), any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 2 contracts
Samples: Credit Agreement (J&l Specialty Steel Inc), Term Loan Agreement (J&l Specialty Steel Inc)
Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii3.10(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 2 contracts
Samples: Agreement (Primark Corp), Credit Agreement (Primark Corp)
Failure to Convert or Renew. Absent due notice from the Borrower --------------------------- of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.5(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
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Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.07(a)(ii) hereof, (i) any part of the Euro-Rate Portion of the Revolving Credit Loans for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period and (ii) any part of the Euro-Rate Portion of the Term Loans for which such notice is not received shall be renewed with a Funding PeriodPeriod of one month.
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Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.04(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 1 contract
Samples: Agreement (Primark Corp)
Failure to Convert or Renew. Absent due notice from the Borrower XL Capital of conversion or renewal in the circumstances described in Section 2.05(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Alternate Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 1 contract
Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.5(a)(ii) hereof, any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 1 contract
Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii) hereof), any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 1 contract
Samples: Credit Agreement (Aasche Transportation Services Inc)
Failure to Convert or Renew. Absent due notice from the Borrower Company of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.07(A)(II) hereof, any part of the any Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
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Failure to Convert or Renew. Absent due notice from the Borrower --------------------------- of conversion or renewal in the circumstances circumstance described in Section 2.05(a)(ii) hereof2.07(a)(ii), any part of the Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Euro-Rate Funding Period.
Appears in 1 contract
