Common use of Optional Prepayments and Conversions Clause in Contracts

Optional Prepayments and Conversions. The Company shall have the right to prepay Loans and to convert Loans of one Type into Loans of the other Type, at any time or from time to time, provided that: (i) the Company shall give the Administrative Agent notice of each such prepayment as provided in Section 5.05 hereof and (ii) except to the extent required pursuant to Section 3.02(b) hereof, Eurodollar Loans may be prepaid or converted only on the last day of an Interest Period for such Loans.

Appears in 2 contracts

Samples: Credit Agreement (Iron Mountain Inc /De), Credit Agreement (Iron Mountain Inc /De)

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Optional Prepayments and Conversions. The Company shall have the right to prepay Loans and or to convert Loans of one Type into Loans of the other Type, at any time or from time to time, provided that: (i) the Company shall give the Administrative Agent notice of each such prepayment or conversion as provided in Section 5.05 hereof hereof, and (ii) except to the extent required pursuant prepayment or conversion of any Eurodollar Loan shall be subject to Section 3.02(b) 6.05 hereof, Eurodollar Loans may be prepaid or converted only on the last day of an Interest Period for such Loans.

Appears in 2 contracts

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De), Credit Agreement (Applied Extrusion Technologies Inc /De)

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Optional Prepayments and Conversions. The Company shall have the right to prepay Loans and or to convert Loans of one Type into Loans of the other Type, at any time or from time to time, provided that: (i) the Company shall give the Administrative Agent notice of each such prepayment or conversion as provided in Section 5.05 hereof hereof, and (ii) except to the extent required pursuant to Section 3.02(b) or 6.04 hereof, Eurodollar Loans may be prepaid or converted only on the last day of an Interest Period for such Loans.

Appears in 1 contract

Samples: Credit Agreement (Trans Resources Inc)

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