Common use of Voluntary Conversion of Advances Clause in Contracts

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a Eurodollar Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 4 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

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Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 2.11 and 2.152.16, any Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a Eurodollar Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; provided, however, that the any Conversion of a any Eurodollar Rate Advance Advances into a Base Rate Advance may Advances of another Type shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 2 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of Sections 2.07, 2.10 and 2.11, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; provided, however, that the any Conversion of a any Eurodollar Rate Advance Advances into a Base Rate Advance may Advances of another Type shall be made on, and only on, the last day of an Interest Period for such Credit Agreement Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Centennial Cellular Corp)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of Sections 2.07, 2.10 and 2.11, Convert all Advances of one Type comprising the same Borrowing into Advances of the other Type; provided, however, that the any Conversion of a any Eurodollar Rate Advance Advances into a Base Rate Advance may Advances shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Centennial Cellular Corp)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any Borrower the Company may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a Eurodollar Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Boeing Co)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. A.M. (New York City Cleveland, Ohio time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of sections 2.08 and 2.12, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; providedPROVIDED, howeverHOWEVER, that the any Conversion of a any Eurodollar Rate Advance Advances into a Adjusted Base Rate Advance may Advances shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Revolving Credit Agreement (Medusa Corp)

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Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of Sections 2.08 and 2.12 hereof, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; provided, however, that the any Conversion of a any Eurodollar Rate Advance Advances into a Base Rate Advance may Advances of another Type shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 and 2.15, any The Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any --------------------------------------------- Business Day, upon notice given to the Agent not later than 11:00 a.m. 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed ConversionConversion and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; provided, however, that the any Conversion of a any Eurodollar Rate Advance Advances -------- ------- into a Base Rate Advance may Advances of another Type shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate AdvanceAdvances. Each such notice of a Conversion shall, within the restrictions specified above, specify specify (i) the date of such Conversion, , (ii) the Advances to be Converted, and and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 2.11 and 2.152.16, any Borrower may Convert all such BorrowerXxxxxxxx’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a Eurodollar Rate RateSOFR Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such Eurodollar Rate RateSOFR Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion,, and (ii) the Advances to be Converted, andand . (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

Voluntary Conversion of Advances. Subject to the provisions of Sections 2.10 2.11 and 2.152.16, any the Borrower may Convert all such Borrower’s Advances of one Type constituting the same Borrowing into Advances of the other Type on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a Eurodollar Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

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