Common use of Application of LIBOR to Outstanding Revolver Loans Clause in Contracts

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a LIBOR Revolver Loan.

Application of LIBOR to Outstanding Revolver Loans. (a) The Borrowers may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During the existence of any Default or Event of Default, Agent may (and shall shall, at the direction of Required Lenders) ), declare that no Revolver Loan may be made, converted to or continued as a LIBOR Revolver Loan.

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers Each Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a LIBOR Revolver Loan.

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a LIBOR Revolver Loan.

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, Day elect to convert any portion of the Base Floating Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a an LIBOR Revolver Loan. During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a an LIBOR Revolver Loan.. 38 102904560_9

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, Day elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a LIBOR Revolver Loan.

Application of LIBOR to Outstanding Revolver Loans. (a) Borrowers Each Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation, elect to convert any portion of the Base Rate Revolver Loans to, or to continue any LIBOR Revolver Loan at the end of its Interest Period as, a LIBOR Revolver Loan. During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a LIBOR Revolver Loan.