No Notice. If no Continuation/Conversion Notice is given with respect to any LIBOR Loan prior to the time specified in Section 2.5(a)(i) or Section 2.5(a)(ii), or if a Continuation/Conversion Notice is timely or otherwise given, but it is incomplete and is not completed before the respective time required by this Agreement, Borrower shall be deemed to have converted such Loan into a Base Rate Loan on the last day of the applicable Interest Period.
Appears in 4 contracts
Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Billing Information Concepts Corp), Credit Agreement (Hastings Entertainment Inc)
No Notice. If no the applicable Continuation/Conversion Notice is not given with respect to any LIBOR Loan prior to the time specified in Section 2.5(a)(i2.5(a)(k) or Section 2.5(a)(ii), or if a the applicable Continuation/Conversion Notice is timely or otherwise given, but it is incomplete and is not completed before the respective time required by this Agreement, such Borrower shall be deemed to have converted such Loan into a Base Rate Loan on the last day of the applicable Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Lancer Corp /Tx/)
No Notice. If no the applicable Continuation/Conversion Notice is not given with respect to any LIBOR Loan prior to the time specified in Section SECTION 2.5(a)(i) or Section SECTION 2.5(a)(ii), or if a the applicable Continuation/Conversion Notice is timely or otherwise given, but it is incomplete and is not completed before the respective time required by this Agreement, Borrower shall be deemed to have converted such Loan into a Base Rate Loan on the last day of the applicable Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Packaged Ice Inc)
