Common use of Rollover or Conversion of Borrowings Clause in Contracts

Rollover or Conversion of Borrowings. (a) Subject to Sections 5.2 and 5.4(e) and Article 8, Article 9 and Article 10, the Borrower will be entitled to Rollover one type of Borrowing into the same type of Borrowing or Convert one type of Borrowing into another type of Borrowing on the terms herein provided. (b) If the Borrower fails to give the Agent a duly completed Notice of Rollover or Notice of Conversion if and as required by Section 5.2, or if in giving such notice the Borrower fails to provide for the Rollover or Conversion of all of the Borrowings then maturing, the Borrower will be deemed to have irrevocably elected to Convert such maturing Borrowings, or that part of such maturing Borrowings which the Borrower has failed to provide for in such notice, as the case may be, into a Canadian Prime Rate Loan with respect to a Cdn. Dollar Borrowing or a U.S. Base Rate Loan with respect to a U.S. Dollar Borrowing. (c) No Conversion of a Bankers' Acceptance will be made prior to the Maturity Date thereof. (d) Subject to Section 8.2, the Borrower may elect to Convert a LIBOR Based Loan prior to the Maturity Date thereof into another type of Borrowing. (e) If a Default or Event of Default has occurred and is continuing, the Borrower will not be entitled to make a Rollover or Conversion and, upon the Maturity Date of the relevant Borrowing, the provisions of Section 5.4(b) will apply.

Rollover or Conversion of Borrowings. (a) Subject to Sections 5.2 and 5.4(e) and Article Articles 8, Article 9 and Article 10, the Borrower will be entitled to Rollover one type of Borrowing under the Credit Facility into the same type of Borrowing or Convert one type of Borrowing under the Credit Facility into another type of Borrowing on the terms herein provided. (b) If the Borrower fails to give the Agent a duly completed Notice of Rollover or Notice of Conversion if and as required by Section 5.2, or if in giving such notice the Borrower fails to provide for the Rollover or Conversion of all of the Borrowings under the Credit Facility then maturing, the Borrower will be deemed to have irrevocably elected to Convert such maturing Borrowings, or that part of such maturing Borrowings which the Borrower has failed to provide for in such notice, as the case may be, into a Canadian Prime Rate Loan with respect to a Cdn. Dollar Borrowing or a U.S. Base Rate Loan with respect to a U.S. Dollar Borrowing. (c) No Conversion of a Bankers' Acceptance issued under the Credit Facility will be made prior to the Maturity Date thereof. (d) Subject to Section 8.2, the Borrower may elect to Convert a LIBOR Based Loan under the Credit Facility prior to the Maturity Date thereof into another type of Borrowing. (e) If a Default or Event of Default has occurred and is continuing, the Borrower will not be entitled to make a Rollover or Conversion and, upon the Maturity Date of the relevant Borrowing, the provisions of Section 5.4(b) will apply.

Rollover or Conversion of Borrowings. (a) Subject to Sections 5.2 and 5.4(e) and Article 8, Article 9 8 and Article 109, the Borrower will be entitled to Rollover one type of Borrowing under the Credit Facility into the same type of Borrowing or Convert one type of Borrowing under the Credit Facility into another type of Borrowing on the terms herein provided. (b) If the Borrower fails to give the Agent a duly completed Notice of Rollover or Notice of Conversion if and as required by Section 5.2, or if in giving such notice the Borrower fails to provide for the Rollover or Conversion of all of the Borrowings under the Credit Facility then maturing, the Borrower will be deemed to have irrevocably elected to Convert such maturing Borrowings, or that part of such maturing Borrowings which the Borrower has failed to provide for in such notice, as the case may be, into a Canadian Prime Rate Loan with respect to a Cdn. Dollar Borrowing or a U.S. Base Rate Loan with respect to a U.S. Dollar Borrowing. (c) No Conversion of a Bankers' Acceptance issued under the Credit Facility will be made prior to the Maturity Date thereof. (d) Subject to Section 8.2, the Borrower may elect to Convert a LIBOR Based Loan under the Credit Facility prior to the Maturity Date thereof into another type of Borrowing. (e) If a Default or Event of Default has occurred and is continuing, the Borrower will not be entitled to make a Rollover or Conversion and, upon the Maturity Date of the relevant Borrowing, the provisions of Section 5.4(b) will apply.

Rollover or Conversion of Borrowings. (a) Subject to Sections 5.2 and 5.4(e) and Article 8, Article 9 and Article 10, the Borrower will be entitled to Rollover one type of Borrowing under a Credit Facility into the same type of Borrowing under the same Credit Facility or Convert one type of Borrowing under a Credit Facility into another type of Borrowing under the same Credit Facility on the terms herein provided. (b) If the Borrower fails to give the Agent a duly completed Notice of Rollover or Notice of Conversion if and as required by Section 5.2, or if in giving such notice the Borrower fails to provide for the Rollover or Conversion of all of the Borrowings under a Credit Facility then maturing, the Borrower will be deemed to have irrevocably elected to Convert such maturing Borrowings, or that part of such maturing Borrowings which the Borrower has failed to provide for in such notice, as the case may be, into a Canadian Prime Rate Loan with respect to a Cdn. Dollar Borrowing or a U.S. Base Rate Loan with respect to a U.S. Dollar BorrowingBorrowing in each case under the same Credit Facility. (c) No Conversion of a Bankers' Acceptance issued under a Credit Facility will be made prior to the Maturity Date thereof. (d) Subject to Section 8.2, the Borrower may elect to Convert a LIBOR Based Loan under a Credit Facility prior to the Maturity Date thereof into another type of BorrowingBorrowing under the same Credit Facility. (e) If a Default or Event of Default has occurred and is continuing, the Borrower will not be entitled to make a Rollover or Conversion and, upon the Maturity Date of the relevant Borrowing, the provisions of Section 5.4(b) will apply.