Common use of Repayments, Continuations and Conversions Clause in Contracts

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.

Appears in 4 contracts

Samples: Loan Agreement (Cablevision Systems Corp /Ny), Loan Agreement (Cablevision Systems Corp /Ny), Loan Agreement (CSC Holdings Inc)

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Repayments, Continuations and Conversions. The A 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 such 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 on 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.

Appears in 1 contract

Samples: Loan Agreement (CSC Holdings Inc)

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 on 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.

Appears in 1 contract

Samples: Loan Agreement (CSC Holdings Inc)

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Repayments, Continuations and Conversions. The A 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 such 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.

Appears in 1 contract

Samples: Loan Agreement (CSC Holdings Inc)

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