Common use of No Conversion Post-Default or Post-Unmatured Default Clause in Contracts

No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(A) or 2.9(B), no Advance may be converted into or continued as a Eurocurrency Rate Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing.

Appears in 5 contracts

Samples: Credit Agreement (Meritor Inc), Credit Agreement (Meritor Inc), Credit Agreement (Meritor Inc)

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No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(A) or 2.9(B), no Advance may be converted into or continued as a Eurocurrency Rate Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing.. (D)

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

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No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(A2.7(A) or 2.9(B2.7(B), no Advance may be converted into or continued as a Eurocurrency Eurodollar Rate Advance (except with the consent of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

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