Rollovers and Conversions - Notices and Limitations Sample Clauses

Rollovers and Conversions - Notices and Limitations. (a) The Borrower may request Rollovers and Conversions only upon the following terms and conditions: (i) the Borrower may request a Rollover or Conversion by delivering a Notice of Rollover/Conversion/Repayment to the Agent with the same prior notice that would apply if the Borrower was obtaining a Drawdown of the relevant type of Advance; (ii) the Borrower may request a Rollover or Conversion of only a part of an Advance; provided, however, that: (A) each Advance resulting from such Rollover or Conversion is not less than the relevant Drawdown minimum specified in Section 2.4(b); and (B) any portion of an existing LIBOR Loan or BA Issue which is not rolled over or converted shall be repaid in accordance with the provisions hereof; (iii) a Rollover or Conversion of a LIBOR Loan may occur only on the last day of the relevant LIBOR Period for such LIBOR Loan (unless the Borrower pays LIBOR breakage costs to the Lenders in accordance with Section 13.2); (iv) a Rollover or Conversion of a BA Issue may occur only on the maturity date for such BA Issue; and (v) a Rollover of an LC Issue may occur only on the expiration date for such LC Issue (or on such other date as the then existing Letters of Credit are returned for cancellation) and a Conversion of an LC Issue may occur only as contemplated in Section 5.2(a). (b) In anticipation of the expiry of each LIBOR Period for each LIBOR Loan, the Borrower shall do one or a combination of the following: (i) request a Rollover of all or part of such LIBOR Loan in accordance with Section 2.5(a); (ii) request a Conversion of all or part of such LIBOR Loan in accordance with Section 2.5(a); or (iii) repay all or part of such LIBOR Loan. If and to the extent that the Borrower fails to so notify the Agent or so pay the relevant LIBOR Loan in accordance with the foregoing, the Borrower shall be deemed to have requested a Conversion into a USBR Loan in an amount equal to that portion of the LIBOR Loan which is not converted or repaid. (c) In anticipation of the maturity of any Bankers’ Acceptances, the Borrower shall, subject to and in accordance with the requirements hereof, do one or a combination of the following with respect to the aggregate face amount at maturity of all such Bankers’ Acceptances: (i) (A) request a Rollover of the maturing Bankers’ Acceptances in accordance with Section 2.5(a) and (B) on the maturity date of the maturing Bankers’ Acceptances, pay to the Agent for the account of the Lenders any amount tha...
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Rollovers and Conversions - Notices and Limitations. (a) The Borrower may request Rollovers and Conversions upon the following terms and conditions: (i) in the case of a Conversion or Rollover of a Prime Loan or a U.S. Base Rate Advance, by delivering a Notice of Rollover or Notice of Conversion to the Agent before 10:00 a.m. (Calgary time) at least one (1) Banking Day prior to the requested Conversion or Rollover; (ii) in the case of a Conversion or Rollover of a BA Issue, by delivering a Notice of Rollover or Notice of Conversion to the Agent before 10:00 a.m. (Calgary time) at least two (2) Banking Days prior to the requested Conversion or Rollover; (iii) in the case of a Conversion or Rollover of a LIBOR Advance, by delivering a Notice of Rollover or Notice of Conversion to the Agent before 10:00 a.m. (Calgary time) at least three (3) Banking Days prior to the requested Conversion or Rollover; (iv) for Prime Loans under the Facility, each Advance shall be requested and made available in the case of a Prime Loan, in a minimum amount of $1,000,000 and thereafter in $100,000 multiples; (v) for U.S. Base Rate Advances under the Facility, each Advance by the Borrower shall be requested and made available in the case of a U.S. Base Rate Advance in a minimum amount of U.S. $2,000,000 and thereafter in U.S. $100,000 multiples; (vi) for Advances of a BA Issue under the Facility, each such Advance by the Borrower shall be requested and made available in the case of a BA Issue, in a minimum amount of $5,000,000 and thereafter in $100,000 multiples; (vii) for LIBOR Advances under the Facility, each such Advance by the Borrower shall be requested and made available in the case of a LIBOR Advance, in a minimum amount of $5,000,000 and thereafter in $100,000 multiples; (viii) the Borrower may request a Rollover or Conversion of part only of a Loan, provided that: (A) each Loan resulting from such Rollover or Conversion is not less than the relevant Advance minimum specified in this Section 2.3, (B) any portion of an existing BA Issue which is not rolled over or converted shall be repaid in accordance with the provisions hereof, and (C) the Borrower may not convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed, in the relevant currency of each such portion, the minimum amounts required for Loans of the same type as that portion as set forth in this Section 2.3; (ix) in respect of Conversions of a Loan denominated in one cu...
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Rollovers and Conversions - Notices and Limitations. (a) The Borrower may request Rollovers and Conversions upon the following terms and conditions: (i) the Borrower may request a Rollover or Conversion by delivering a Conversion Rollover/Repayment Notice with the same prior notice period that would apply if it were obtaining a Drawdown of the relevant type and amount of Loan; (ii) the Borrower may request a Rollover or Conversion of part only of a Loan, provided that: (A) each Loan resulting from such Rollover or Conversion is not less than the relevant Drawdown minimum specified in Section 2.3(c), (B) any portion of an existing LIBO Rate Loan or Bankers’ Acceptances which is not rolled over or converted shall be repaid in accordance with the provisions hereof, and (C) the Borrower may not convert a portion only of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed, in the relevant currency of each such portion, the minimum amounts required for Drawd...
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Rollovers and Conversions - Notices and Limitations 
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Related to Rollovers and Conversions - Notices and Limitations

  • Notices of Changes in Warrant Upon every adjustment of the Warrant Price or the number of shares of Common Stock issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of shares of Common Stock purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3 or 4.4, the Company shall give written notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.

  • Notices and Waivers Any notice or waiver to be given to any party hereto shall be in writing and shall be delivered by courier, sent by facsimile transmission or first class registered or certified mail, postage prepaid, return receipt requested.

  • A5 Notices Except as otherwise expressly provided within the Contract, no notice or other communication from one Party to the other shall have any validity under the Contract unless made in writing by or on behalf of the Party concerned.

  • Notices Effective From A Notice will be deemed to have been duly given 1 business day after delivery if the Notice is delivered personally, by pre-paid courier or by mail. A Notice that is delivered by facsimile with confirmation of receipt or by email where no delivery failure notification has been received will be deemed to have been duly given 1 business day after the facsimile or email was sent.

  • Notices, Etc All notices and other communications from the Company to the Holder of this Warrant shall be mailed by first class registered or certified mail, postage prepaid, at such address as may have been furnished to the Company in writing by such Holder or, until any such Holder furnishes to the Company an address, then to, and at the address of, the last Holder of this Warrant who has so furnished an address to the Company.

  • Certain Notices Within five Business Days after the occurrence of any Event of Default actually known to a Responsible Officer of the Property Trustee, the Property Trustee shall transmit, in the manner and to the extent provided in Section 10.8, notice of such Event of Default to the Holders and the Administrators, unless such Event of Default shall have been cured or waived. Within five Business Days after the receipt of notice of the Depositor's exercise of its right to defer the payment of interest on the Junior Subordinated Debentures pursuant to the Indenture, the Property Trustee shall transmit, in the manner and to the extent provided in Section 10.8, notice of such exercise to the Holders and the Administrators, unless such exercise shall have been revoked.

  • Notices and Consents Each of the Parties will give any notices to, make any filings with, and use its best efforts to obtain any authorizations, consents, and approvals of governmental authorities necessary in order to consummate the transactions contemplated hereby.

  • ERISA Notices and Requests Furnish Agent with immediate written notice in the event that (i) any Borrower or any member of the Controlled Group knows or has reason to know that a Termination Event has occurred, together with a written statement describing such Termination Event and the action, if any, which such Borrower or any member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, (ii) any Borrower or any member of the Controlled Group knows or has reason to know that a prohibited transaction (as defined in Sections 406 of ERISA and 4975 of the Code) has occurred together with a written statement describing such transaction and the action which such Borrower or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request has been filed with respect to any Plan together with all communications received by any Borrower or any member of the Controlled Group with respect to such request, (iv) any increase in the benefits of any existing Plan or the establishment of any new Plan or the commencement of contributions to any Plan to which any Borrower or any member of the Controlled Group was not previously contributing shall occur, (v) any Borrower or any member of the Controlled Group shall receive from the PBGC a notice of intention to terminate a Plan or to have a trustee appointed to administer a Plan, together with copies of each such notice, (vi) any Borrower or any member of the Controlled Group shall receive any favorable or unfavorable determination letter from the Internal Revenue Service regarding the qualification of a Plan under Section 401(a) of the Code, together with copies of each such letter; (vii) any Borrower or any member of the Controlled Group shall receive a notice regarding the imposition of withdrawal liability, together with copies of each such notice; (viii) any Borrower or any member of the Controlled Group shall fail to make a required installment or any other required payment under Section 412 of the Code on or before the due date for such installment or payment; (ix) any Borrower or any member of the Controlled Group knows that (a) a Multiemployer Plan has been terminated, (b) the administrator or plan sponsor of a Multiemployer Plan intends to terminate a Multiemployer Plan, or (c) the PBGC has instituted or will institute proceedings under Section 4042 of ERISA to terminate a Multiemployer Plan.

  • CONDITIONS TO DELIVERY OF ISSUANCE NOTICES AND TO SETTLEMENT (a) Conditions Precedent to the Right of the Company to Deliver an Issuance Notice and the Obligation of the Agent to Sell Shares. The right of the Company to deliver an Issuance Notice hereunder is subject to the satisfaction, on the date of delivery of such Issuance Notice, and the obligation of the Agent to use its commercially reasonable efforts to place Shares during the applicable period set forth in the Issuance Notice is subject to the satisfaction, on each Trading Day during the applicable period set forth in the Issuance Notice, of each of the following conditions:

  • Multiple notices; action without notice The Agent may serve notices under paragraphs (a) (i) and (ii) of Clause 19.2 simultaneously or on different dates and it and/or the Security Trustee may take any action referred to in that Clause if no such notice is served or simultaneously with or at any time after the service of both or either of such notices.

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