Common use of Notice of Conversion/Continuation Clause in Contracts

Notice of Conversion/Continuation. a Notice of Conversion/Continuation to be provided by Borrower Agent to request a conversion or continuation of any Loans as LIBOR Loans, in form satisfactory to Agent. Noticed Hedge: Secured Bank Product Obligations arising under a Hedging Agreement. Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under Loan Documents, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary Expenses, (f) Secured Bank Product Obligations, and (g) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided that Obligations of an Obligor shall not include its Excluded Swap Obligations. Obligor: each Borrower, Guarantor, or other Person (other than Olympic Receivables Inc.) that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations. OFAC: Office of Foreign Assets Control of the U.S. Treasury Department. Olyac: Olyac, Inc., a Delaware corporation. Olympic Mexico: Metales de Olympic, S. de X.X. de C.V., an entity organized under the laws of Mexico. Olympic Receivables Inc.: Olympic Steel Receivables, Inc., a Delaware corporation. Olympic Receivables LLC: Olympic Steel Receivables, L.L.C., a Delaware limited liability company. Olympic Trading: Olympic Steel Trading, Inc., an Ohio corporation.

Notice of Conversion/Continuation. a Notice of Conversion/Continuation to be provided by Borrower Agent to request a conversion or continuation of any Loans as LIBOR Loans, in form satisfactory to Agent. Noticed Hedge: Secured Bank Product Obligations arising under a Hedging Agreement. Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under Loan Documents, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary Expenses, (f) Secured Bank Product Obligations, and (g) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided that Obligations of an Obligor shall not include its Excluded Swap Obligations. Obligor: each Borrower, Guarantor, or other Person (other than Olympic Receivables Inc.) that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations. OFACOLP, LLC: Office of Foreign Assets Control of the U.S. Treasury DepartmentOLP, LLC, a Michigan limited liability company. Olyac: Olyac, Inc., a Delaware corporation. Olympic Mexico: Metales de Olympic, S. de X.X. de C.V., an entity organized under the laws of Mexico. Olympic Receivables Inc.: Olympic Steel Receivables, Inc., a Delaware corporation. Olympic Receivables LLC: Olympic Steel Receivables, L.L.C., a Delaware limited liability company. Olympic Trading: Olympic Steel Trading, Inc., an Ohio corporation.

Notice of Conversion/Continuation. a Notice of Conversion/Continuation to be provided by Borrower Agent to request a conversion or continuation of any Loans as LIBOR Term SOFR Loans, in form satisfactory to Agent. Noticed Hedge: Secured Bank Product Obligations arising under a Hedging Agreement. Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under Loan Documents, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary Expenses, (f) Secured Bank Product Obligations, and (g) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided that Obligations of an Obligor shall not include its Excluded Swap Obligations. Obligor: each Borrower, Guarantor, or other Person (other than Olympic Receivables Inc.) that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations. OFAC: Office of Foreign Assets Control of the U.S. Treasury Department. Olyac: Olyac, Inc., a Delaware corporation. Olympic Mexico: Metales de Olympic, S. de X.X. de C.V., an entity organized under the laws of Mexico. Olympic Receivables Inc.: Olympic Steel Receivables, Inc., a Delaware corporation. Olympic Receivables LLC: Olympic Steel Receivables, L.L.C., a Delaware limited liability company. Olympic Trading: Olympic Steel Trading, Inc., an Ohio corporation.

Notice of Conversion/Continuation. a Notice of Conversion/Continuation to be provided by Borrower Agent to request a conversion or continuation of any Loans as LIBOR LIBORTerm SOFR Loans, in form satisfactory to Agent. Noticed Hedge: Secured Bank Product Obligations arising under a Hedging Agreement. Obligations: all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Obligors under Loan Documents, (d) obligations of Obligors under any indemnity for Claims, (e) Extraordinary Expenses, (f) Secured Bank Product Obligations, and (g) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided that Obligations of an Obligor shall not include its Excluded Swap Obligations. Obligor: each Borrower, Guarantor, or other Person (other than Olympic Receivables Inc.) that is liable for payment of any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations. OFAC: Office of Foreign Assets Control of the U.S. Treasury Department. Olyac: Olyac, Inc., a Delaware corporation. Olympic Mexico: Metales de Olympic, S. de X.X. R.X. de C.V., an entity organized under the laws of Mexico. Olympic Receivables Inc.: Olympic Steel Receivables, Inc., a Delaware corporation. Olympic Receivables LLC: Olympic Steel Receivables, L.L.C., a Delaware limited liability company. Olympic Trading: Olympic Steel Trading, Inc., an Ohio corporation.