Common use of Conversion or Rollover Clause in Contracts

Conversion or Rollover. On the relevant Conversion Date, the Borrower shall repay such portion of the Type of Loans that it desires be converted or rolled-over and shall be deemed to have requested a Drawdown under the Facility in the amount, the currency and the Type of Loan into which it desires to convert or rollover. The provisions of this Agreement relating to Drawdowns shall apply mutatis mutandis to any such Advance requested by way of conversion or rollover.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Alimentation Couche Tard Inc)

Conversion or Rollover. On the relevant Conversion Date, the Borrower shall shall, without creating novation, repay such portion of the Type of Loans Advance that it desires be converted or rolled-over and shall be deemed to have requested a Drawdown under the Facility in the amount, the currency and the Type of Loan Advance into which it desires to convert or rollover. The provisions of this Agreement relating to Drawdowns shall apply mutatis mutandis to any such Advance requested by way of conversion or rollover.

Appears in 1 contract

Sources: Credit Agreement (Aar Corp)