Limitation on Conversion/Continuation Options. The Borrower shall not be entitled to elect to convert any Loans to, or continue any Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of Eurodollar Loans created or continued as a result of such election would be less than (x) $2,000,000, in the case of Dollar denominated Loans or (y) €2,000,000, in the case of Foreign Currency Loans or (ii) other than with respect to Foreign Currency Loans, a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent and the Required Lenders have directed the Administrative Agent during the period of such Event of Default that Dollar denominated Eurodollar Loans shall no longer be made available to the Borrower.
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Samples: Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.)
Limitation on Conversion/Continuation Options. The Borrower shall not be entitled to elect to convert any Loans to, or continue any Loans for an additional Interest Period as, Eurodollar Loans if (i) the aggregate principal amount of any group of Eurodollar Loans having the same Interest Period created or continued as a result of such election would be less than (x) $2,000,000, 1,000,000. The Borrower shall not be entitled to elect to continue any Eurodollar Loans for an Interest Period in the case excess of Dollar denominated Loans or (y) €2,000,000, in the case of Foreign Currency Loans or (ii) other than with respect to Foreign Currency Loans, one month if a Default shall have occurred and be continuing when the Borrower delivers notice of such election to the Administrative Agent and the Required Lenders have directed the Administrative Agent during the period of such Event of Default that Dollar denominated Eurodollar Loans shall no longer be made available to the BorrowerAgent.
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