Repayments, Continuations and Conversions Sample Clauses

Repayments, Continuations and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Advance, the Administrative Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Eurodollar Advance outstanding on such Payment Date is to be continued in whole or in part as one or more new Eurodollar Advances and also specifying the new Eurodollar Advance Period applicable to each such new Eurodollar Advance (and subject to the provisions of this Agreement, upon such Payment Date, such Eurodollar Advance shall be so continued). Upon such Payment Date, any Eurodollar Advance (or portion thereof) not so continued shall be converted to a Base Rate Advance or, subject to Section 2.5, be repaid.
AutoNDA by SimpleDocs
Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, LIBOR Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such LIBOR Rate Loan. Upon maturity, a LIBOR Rate Loan may be continued for an additional Interest Period or may be converted to a Loan that accrues interest on a Base Rate basis.
Repayments, Continuations and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Loan, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Eurodollar Loan is to be continued as one or more new Eurodollar Loans and also specifying the new Eurodollar Loan Period applicable to each such new Eurodollar Loan (and subject to the provisions of this Agreement, upon such Payment Date, such Eurodollar Loan shall be so continued). Upon such Payment Date, any Eurodollar Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or be repaid.
Repayments, Continuations and Conversions. The Borrower shall give the Administrative Agent irrevocable written notice in the form of a Notice of Conversion/Continuation, or notice by telephone or telecopy followed immediately by a Notice of Conversion/Continuation, (A) not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to each applicable Payment Date, specifying whether all or a portion of any Eurodollar Advance outstanding on such Payment Date is to be continued in whole or in part as a Eurodollar Advance, in which case such notice shall also specify the Eurodollar Advance Period which the Borrower shall have selected for such continued Eurodollar Advance, (B) not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to each applicable Payment Date, specifying whether all or any portion of any Eurodollar Advance outstanding on such Payment Date, is to be converted in whole or in part to a Base Rate Advance, or (C) not later than 11:00 a.m. (New York time) on each applicable Payment Date, specifying whether all or any portion of any Eurodollar Advance outstanding on such Payment Date, is to be repaid and not continued or converted. Upon such Payment Date, such Eurodollar Advance will, subject to the provisions hereof, be so repaid, continued or converted, as applicable.
Repayments, Continuations and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Eurodollar Advance outstanding on such Payment Date (A) is to be continued in whole or in part as a new Eurodollar Advance, in which case such notice shall also specify the Eurodollar Advance Period for such new Eurodollar Advance, (B) is to be converted in whole or in part to a Base Rate Advance, or (C) is to be repaid and not continued or converted. Upon such Payment Date, such Eurodollar Advance will, subject to the provisions hereof, be so repaid, continued or converted, as applicable. If the Borrower fails to give the Administrative Agent written notice specifying whether a Eurodollar Advance is to be repaid, continued or converted on a Payment Date, such Eurodollar Advance shall be converted to a Base Rate Advance on such Payment Date.
Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a EurodollarSOFR Loan, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such EurodollarSOFR Loan is to be continued as one or more new EurodollarSOFR Loans and also specifying the new Eurodollar LoanInterest Period applicable to each such new EurodollarSOFR Loan (and subject to the provisions of this Agreement, upon such Payment Date, such EurodollarSOFR Loan shall be so continued). Upon such Payment Date, any EurodollarSOFR Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or be repaid.
Repayments, Continuations and Conversions. Except as otherwise expressly set forth in any Note, SOFR Rate Loans and Eurocurrency Rate Loans shall mature and become payable in full on the last day of the Interest Period relating to such SOFR Rate Loan or and Eurocurrency Rate Loan. Upon maturity, a SOFR Rate Loan or a Eurocurrency Rate Loan may be continued for an additional Interest Period, or a SOFR Rate Loan may be converted to a Loan that accrues interest on a Base Rate basis.
AutoNDA by SimpleDocs
Repayments, Continuations and Conversions. At least three (3) U.S. Government Securities Business Days prior to each Payment Date for a SOFR Loan, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such SOFR Loan is to be continued as one or more new SOFR Loans and also specifying the new Interest Period applicable to each such new SOFR Loan (and subject to the provisions of this Agreement, upon such Payment Date, such SOFR Loan shall be so continued). Upon such Payment Date, any SOFR Loan (or portion thereof) not so continued shall be deemed continued as a SOFR Loan having an Interest Period of one (1) month.
Repayments, Continuations and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Loan, the Administrative Borrower shall give (x) the Revolving Facility Administrative Agent, in case of Revolving Loans and (y) the Term Facility Administrative Agent, in case of Term Loans, written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Eurodollar Loan outstanding on such Payment Date is to be continued in whole or in part as one or more new Eurodollar Loans and also specifying the new Eurodollar Loan Period applicable to each such new Eurodollar Loan (and subject to the provisions of this Agreement, upon such Payment Date, such Eurodollar Loan shall be so continued). Upon such Payment Date, any Eurodollar Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or, subject to Section 2.5, be repaid.
Repayments, Continuations and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Loan, the Administrative Borrower shall give (x) the Revolving Facility Administrative Agent, in case of Revolving Loans and (y) the Term Facility Administrative Agent, in case of Term Loans, written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Eurodollar Loan outstanding on such Payment Date is to be continued in whole or in part as one or more new Eurodollar Loans denominated in the same currency and also specifying the new Eurodollar Loan Period applicable to each such new Eurodollar Loan (and subject to the provisions of this Agreement, upon such Payment Date, such Eurodollar Loan shall be so continued); provided that Revolving Loans denominated in Euros or Sterling may only be continued as Eurodollar Loans. Upon such Payment Date, any Eurodollar Loan (or portion thereof) not so continued shall be converted to a Base Rate Loan or, subject to Section 2.5, be repaid.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!