Suspension on Event of Default. Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (ii) the obligation of the Lenders to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
Appears in 6 contracts
Samples: Assignment and Assumption Agreement (Fluor Corp), Assignment and Assumption (Fluor Corp), Assignment and Assumption (Fluor Corp)
Suspension on Event of Default. Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (ii) the obligation of the Lenders to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
Appears in 2 contracts
Samples: Credit Agreement (Smart & Final Inc/De), Revolving Credit Agreement (Foodmaker Inc /De/)
Suspension on Event of Default. Upon the occurrence and ------------------------------ during the continuance of any Event of Default, (i) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (ii) the obligation of the Lenders to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
Appears in 2 contracts
Samples: Schedules and Exhibits (Smart & Final Inc/De), Schedules and Exhibits (National Golf Properties Inc)
Suspension on Event of Default. Upon the occurrence ------------------------------ and during the continuance of any Event of Default, (i) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (ii) the obligation of the Lenders to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
Appears in 1 contract
Suspension on Event of Default. Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (ii) the obligation of the Lenders Lender to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
Appears in 1 contract
Suspension on Event of Default. Upon the occurrence and during the continuance of any Event of Default, (iA) each Eurodollar Rate Revolving Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Revolving Advance and (iiB) the obligation of the Revolving Lenders to make, or to convert Revolving Advances into, Eurodollar Rate Revolving Advances shall be suspended.
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