Common use of Conversion Prior to Maturity Clause in Contracts

Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans, all Libor Loans owed to such Lender will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.

Appears in 1 contract

Sources: Credit Agreement (AbitibiBowater Inc.)

Conversion Prior to Maturity. If it becomes unlawful or prohibited for a the Lender to maintain Libor Loans, all Libor Loans owed to such Lender will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.

Appears in 1 contract

Sources: Credit Agreement (Neurochem Inc)

Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans, all Libor Loans owed to such Lender will become US Base Rate Loans on the date of the notice given pursuant to Section 4.23.2.

Appears in 1 contract

Sources: Credit Agreement (Nomad Royalty Co Ltd.)

Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans, all Libor Loans owed owing to such Lender will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.

Appears in 1 contract

Sources: Credit Agreement (Neurochem Inc)