Limitation on Conversion/Continuation Options. The Borrower shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 or (ii) a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent.
Appears in 3 contracts
Samples: Credit Agreement (Worthington Industries Inc), Worthington Industries Inc, Worthington Industries Inc
Limitation on Conversion/Continuation Options. The Borrower Borrowers shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 2,000,000 or (ii) a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Carpenter Technology Corp), 364 Day Revolving Credit Agreement (Carpenter Technology Corp)
Limitation on Conversion/Continuation Options. The Borrower shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 2,000,000 or (ii) a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Global Cash Access, Inc.), Credit Agreement (Central Credit, LLC)
Limitation on Conversion/Continuation Options. The Borrower Borrowers shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 2,000,000 or (ii) a Default shall have occurred and be continuing when the any Borrower delivers notice of such election to the Administrative Agent.
Appears in 1 contract
Limitation on Conversion/Continuation Options. The Borrower shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 or (ii) a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (Worthington Industries Inc)
Limitation on Conversion/Continuation Options. The Borrower Borrowers shall not be entitled to elect to convert any Syndicated Loans to, or continue any Syndicated Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any Group of Eurodollar Loans created or continued as a result of such election would be less than $5,000,000 2,000,000 or (ii) a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent.
Appears in 1 contract
Samples: Five Year Revolving Credit Agreement (Carpenter Technology Corp)
