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Conversion and Continuation Options
Conversion and Continuation Options contract clause examples

The undersigned hereby gives you notice pursuant to Section 2.02(c) of the Credit Agreement that the undersigned hereby requests a [Conversion] [Continuation] of outstanding Borrowings, and in connection with that request sets forth below the information relating to such [Conversion] [Continuation] (the “Proposed [Conversion] [Continuation]”) as required by Section 2.02(c) of the Credit Agreement:

This notice constitutes a Notice of Continuation/Conversion, and the Borrower hereby requests the conversion or continuation of Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Borrowing to be converted or continued as requested hereby:

Pursuant to Section 2.3 of the Credit Agreement, the Borrower hereby requests [the conversion of the Loan] [the continuation of the Loan], as follows:

The undersigned, [[Organization A:Organization]] (the “Borrower”), refers to the Revolving Credit Agreement, dated as of ​, 2016 (as amended, restated, amended and restated, modified, extended and/or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among the Borrower, the lenders from time to time party thereto (the “Lenders”), the issuing banks from time to time party thereto (collectively, the “Issuing Banks”) and you, as Administrative Agent for such Lenders and Issuing Banks, and hereby gives you notice, irrevocably, pursuant to Section 2.05 of the Credit Agreement, that the undersigned hereby requests to [convert] [continue] the Borrowing of Loans referred to below, and in that connection sets forth below the information relating to such [conversion] [continuation] (the “Proposed [Conversion] [Continuation]”) as required by Section 2.05 of the Credit Agreement:

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