Common use of Treatment of Affected Loans Clause in Contracts

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 4 contracts

Samples: Stock Pledge Agreement (Cultural Access Worldwide Inc), Term Credit Agreement (Healthsouth Corp), Credit Agreement (Sykes Healthplan Services Inc)

AutoNDA by SimpleDocs

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 6.1 OR 6.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 6.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 6.1 OR 6.3 hereof that gave rise to such Conversion no longer exist:

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Gencorp Inc), Credit Agreement (Berlitz International Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.2 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's ’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.2 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 3 contracts

Samples: Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 3 contracts

Samples: Credit Agreement (Gerald Stevens Inc/), Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Sheridan Healthcare Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Eurodollar Rate Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify in writing to the Borrower with a copy to the Agent) and, unless and until such Lender gives written notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 2 contracts

Samples: Bolle Credit Agreement (Bolle Inc), Security Agreement (Bec Group Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 5.1, 5.2 OR 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 5.1, 5.2 OR 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 2 contracts

Samples: Credit Agreement (Coca Cola Bottling Group Southwest Inc), Credit Agreement (Texas Bottling Group Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan Loans or to Continueextend, or to Convert convert Base Rate Loans of any other Type into, Eurodollar Loans of a particular Type shall be suspended pursuant to Section 4.1 3.6 or 4.3 3.8 hereof (Revolving Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion conversion required by Section 4.3 3.8 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 3.6 or 4.3 3.8 hereof that gave rise to such Conversion conversion no longer exist:

Appears in 2 contracts

Samples: Credit Agreement (Kendle International Inc), Credit Agreement (Kendle International Inc)

Treatment of Affected Loans. If the obligation of any the Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section SECTION 4.1 or 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such the Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section SECTION 4.3 hereof, on such earlier date as such the Lender may specify to the Borrower with a copy to the AgentBorrower) and, unless and until such the Lender gives notice as provided below that the circumstances specified in Section SECTION 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (World Fuel Services Corp), Revolving Credit and Reimbursement Agreement (World Fuel Services Corp)

Treatment of Affected Loans. If the obligation of any the Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section SECTION 4.1 or 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such the Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section SECTION 4.3 hereof, on such earlier date as such the Lender may specify to the Borrower with a copy to the AgentBorrowers) and, unless and until such the Lender gives notice as provided below that the circumstances specified in Section SECTION 4.1 or 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (World Fuel Services Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Eurodollar Rate Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Lincare Holdings Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.01 or 4.3 5.03 hereof (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.03 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.01 or 4.3 5.03 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Pentacon Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 TO SECTION 5.1 OR 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 5.1 OR 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.01 or 4.3 5.03 hereof (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.03 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.01 or 4.3 5.03 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Pentacon Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 SECTION 6.1 or 4.3 6.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 6.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 SECTION 6.1 or 4.3 6.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 SECTION 6.1 or 4.3 6.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 6.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 SECTION 6.1 or 4.3 6.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Security Agreement (Ameristeel Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section SECTION 4.1 or OR 4.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section SECTION 4.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent, but not earlier than the date such Loan becomes unlawful, in the case of a Conversion pursuant to SECTION 4.3) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section SECTION 4.1 or OR 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Conformed Copy (Watsco Inc)

AutoNDA by SimpleDocs

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the AgentAgent upon reasonable determination by such Lender that such Affected Loans may not be Eurodollar Rate Loans) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Unicapital Corp)

Treatment of Affected Loans. If the obligation of any Lender to make Loans of a Eurodollar Rate Loan or to Continueparticular Type, or to Continue or Convert Loans of any other Type into, into Loans of a particular Type Type, shall be suspended pursuant to Section 4.1 SECTION 6.1 or 4.3 hereof SECTION 6.3 (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, in the case of a Conversion required by Section 4.3 hereofSECTION 6.3, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 SECTION 6.1 or 4.3 hereof SECTION 6.3 that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Loan and Security Agreement (Compusa Inc)

Treatment of Affected Loans. If the obligation of any Lender Bank to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or Section 4.3 hereof (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such LenderBank's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 hereof, on such earlier date as such Lender Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender Bank gives notice as provided below that the circumstances specified in Section 4.1 or Section 4.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Encore Acquisition Co)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan Loans or to ContinueExtend, or to Convert Base Rate Loans of any other Type into, Eurodollar Rate Loans of a particular Type shall be suspended pursuant to Section 4.1 3.06 or 4.3 3.08 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 3.08 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) ), the Borrower shall pay all accrued interest on the amount so Converted and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 3.06 or 4.3 3.08 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Compbenefits Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan Loans or to Continueextend, or to Convert convert Base Rate Loans of any other Type into, Eurodollar Loans of a particular Type shall be suspended pursuant to Section 4.1 3.6 or 4.3 3.8 hereof (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 3.8 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 3.6 or 4.3 3.8 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Kendle International Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a particular Type of Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 5.1 or 4.3 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 5.1 or 4.3 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 5.1 OR 5.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 5.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 5.1 OR 5.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corp)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan or to Continue, or to Convert Loans of any other Type into, Loans of a particular Type shall be suspended pursuant to Section 4.1 or 4.3 SECTION 6.1, 6.2 OR 6.3 hereof (Loans of such Type being herein called "Affected Loans" and such Type being herein called the "Affected Type"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 SECTION 6.3 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 or 4.3 SECTION 6.1, 6.2 OR 6.3 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Coca Cola Bottling Group Southwest Inc)

Treatment of Affected Loans. If the obligation of any Lender to make a Eurodollar Rate Loan Loans or to ContinueExtend, or to Convert Base Rate Loans of any other Type into, Eurodollar Loans of a particular Type shall be suspended pursuant to Section 4.1 3.6 or 4.3 3.8 hereof (Loans of such Type being herein called "Affected LoansAFFECTED LOANS" and such Type being herein called the "Affected TypeAFFECTED TYPE"), such Lender's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for Affected Loans (or, in the case of a Conversion required by Section 4.3 3.8 hereof, on such earlier date as such Lender may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 4.1 3.6 or 4.3 3.8 hereof that gave rise to such Conversion no longer exist:

Appears in 1 contract

Samples: Credit Agreement (Flo Fill Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.