Common use of No Issuance, Conversion or Rollover during Default Clause in Contracts

No Issuance, Conversion or Rollover during Default. Notwithstanding the foregoing provisions of this Section 3, no Bankers’ Acceptance may be accepted, no BA Equivalent Advances may be made, no Prime Rate Loan may be subject to a Conversion into a Bankers’ Acceptance or BA Equivalent Advance and no Banker’s Acceptance or BA Equivalent Advance shall be subject to a Rollover after the occurrence and during the continuation of a Potential Event of Default or an Event of Default. After the occurrence and during the continuation of an Event of Default, outstanding Bankers’ Acceptances and BA Equivalent Advances shall convert to Prime Rate Loans at the end of the BA Interest Period applicable thereto.