Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 12 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (Blair Corp), Credit Agreement (Consol Energy Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 8 contracts
Samples: Credit Agreement (Koppers Inc), Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (KI Holdings Inc.)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 7 contracts
Samples: Credit Agreement (Foster L B Co), Credit Agreement (Foster L B Co), Credit Agreement (Foster L B Co)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option Loans at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.1, the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 5 contracts
Samples: Credit Agreement (Triumph Group Inc /), Revolving Credit Facility (Triumph Group Inc /), Revolving Credit Facility (Triumph Group Inc /)
Selection of Interest Rate Options. If the a Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the such Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 5 contracts
Samples: Credit Agreement (Super Test Petroleum Inc), Credit Agreement (Kwik Fil Inc), Credit Agreement (Vulcan Asphalt Refining Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 4 contracts
Samples: Credit Agreement (Key Energy Services Inc), Credit Agreement (Champion Enterprises Inc), Credit Agreement (Papa Johns International Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 4 contracts
Samples: Revolving Credit Facility (Ii-Vi Inc), Credit Agreement (Rhino Resource Partners LP), Senior Secured Revolving Credit Facility (Rhino Resource Partners, L.P.)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 4 contracts
Samples: Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co), Credit Agreement (Rent Way Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 4 contracts
Samples: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 3 contracts
Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Term Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 3 contracts
Samples: Credit Agreement (Arch Coal Inc), Term Loan Credit Agreement (Arch Coal Inc), Credit Agreement (Mountain Coal Co LLC)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 3 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the to which a Revolving Credit Euro-Rate Option applies at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing such Interest Period.
Appears in 3 contracts
Samples: Senior Unsecured Revolving Credit Facility (Cuno Inc), Revolving Credit Facility (Consolidated Stores Corp /De/), Credit Agreement (Consolidated Stores Corp /De/)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Credit Agreement (Foster L B Co), Senior Secured Revolving Credit Facility and Term Loan Credit Agreement (Res Care Inc /Ky/)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Revolving Credit Facility (Invacare Corp), Revolving Credit Facility (Invacare Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Euro-Rate Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Euro-Rate Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Euro-Rate Interest Period.
Appears in 2 contracts
Samples: Credit Agreement (Elgin National Industries Inc), Credit Agreement (Linc Net Inc)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to a Loan in Dollars, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to a Dollar Loan, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Revolving Credit Facility (Covance Inc), Credit Agreement (Covance Inc)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Revolving Credit Facility (Primesource Corp), Revolving Credit Agreement (Tb Woods Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option in the case of Revolving Credit Loans commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Revolving Credit Facility (Arch Coal Inc), Revolving Credit Facility (Arch Coal Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 2 contracts
Samples: Credit Agreement (Party City Corp), Revolving Credit Facility (Respironics Inc)
Selection of Interest Rate Options. If the any Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Borrowings Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the such Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 4.3 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Eurocurrency Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans as the case may be, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to an Optional Currency Loan in the same Optional Currency, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Covance Inc)
Selection of Interest Rate Options. If the a Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the such Borrower shall be deemed to have converted renewed such Borrowing Tranche to under the Base Euro-Rate Option, as applicable to Term Loans commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option or the CD Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate OptionOption as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Revolving Credit Agreement (Cable Tv Fund 14-a LTD)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 0 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Compudyne Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Revolving Credit Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
5. PAYMENTS
Appears in 1 contract
Samples: Credit Agreement (Roundys Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable, to Revolving Credit Loans, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period within three (3) days prior to eth expiration of an existing Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an such existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Excelsior Lasalle Property Fund Inc)
Selection of Interest Rate Options. If the Borrower Maker fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under as to which the Euro-Rate Option applies at the expiration of an existing Interest Period applicable to such Borrowing Tranche Loans in accordance with the provisions of Section 4.2 1.5 [Interest Periods], the Borrower Maker shall be deemed to have converted such Borrowing Tranche Loan to the Base Prime Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Revolving Credit Facility (Professional Detailing Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option as applicable to Revolving Credit Loans commencing upon the last day of the existing Interest PeriodPeriod and at the Dollar Equivalent of such Loans for any Loan in an Optional Currency.
Appears in 1 contract
Samples: Revolving Credit Facility (Advanced Drainage Systems, Inc.)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Consol Energy Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Offered Rate Option or the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Aquapenn Spring Water Company Inc)
Selection of Interest Rate Options. If the any Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Borrowings Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the such Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.216004669
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.Interest
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Alternate Base Rate Option or 364-Day Loan Alternate Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 4.1.4 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Ii-Vi Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Ii-Vi Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Committed Loans under the CD Rate Option or the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans as the case may be commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Ii-Vi Inc)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option or the Money Market Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Committed Loans under the Committed Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Committed Loan Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new an Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]in the case of renewal of the Euro-Rate Portion, the Borrower shall be deemed to have converted such Borrowing Tranche Loan or portion thereof to the Base Rate OptionOption otherwise available with respect to such Loans, commencing upon the last day of the existing that Interest Period.
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Committed Loans under subject to the Committed Loan Euro-Rate Option at the expiration of an the existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]4.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Convertible Revolving Credit Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Westinghouse Air Brake Technologies Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period or if borrower fails to select an interest rate option to apply to any Borrowing Tranche of Committed Loans under subject to the Committed Euro-Rate Option at the expiration of an the existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods]3.2, the Borrower shall be deemed to have converted such Borrowing Tranche to the Convertible Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Convertible Revolving Credit Facility (Ptek Holdings Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], 3.2 the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Audio Communications Network Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Arch Coal Inc)
Selection of Interest Rate Options. If the Borrower fails Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Eurocurrency Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, Option commencing upon the last day of the existing Interest Period.. 4.6
Appears in 1 contract
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 0 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option or Term Loan Base Rate Option, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Orius Corp)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Revolving Credit Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to a Dollar Loan, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Bearingpoint Inc)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Committed Loans under the Committed Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.01(c) [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option, Option commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Ace LTD)
Selection of Interest Rate Options. If the Borrower fails to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 4.2 3.2 [Interest Periods], the Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to an Optional Currency Loan in the same Optional Currency, as applicable, commencing upon the last day of the existing Interest Period.
Appears in 1 contract
Samples: Credit Agreement (Covance Inc)
