Common use of Continuation and Conversion Procedure Clause in Contracts

Continuation and Conversion Procedure. (a) Base Rate Loans shall continue as Base Rate Loans unless and until converted into LIBOR Rate Loans. The Company may elect from time to time, subject to the terms and conditions of this Agreement, to convert all or any part of the outstanding Base Rate Loans into LIBOR Rate Loans. (b) At the end of the applicable Interest Period for LIBOR Rate Loans, such LIBOR Rate Loans shall be automatically converted into Base Rate Loans unless the Company shall have given the Agent notice in accordance with section 2.4(c) requesting that, at the end of such Interest Period, such LIBOR Rate Loans continue as LIBOR Rate Loans. (c) The Company shall deliver a Conversion/ Continuation Notice to the Agent for each conversion of Base Rate Loans or continuation of LIBOR Rate Loans. The Conversion/Continuation Notice must be received by the Agent not later than 11 a.m., Milwaukee time, at least three Business Days prior to the date of the requested conversion or continuation and must specify (i) the requested date (which shall be a Business Day) of such conversion or continuation, (ii) the amount of Loans to be converted or continued and (iii) the duration of the Interest Periods applicable thereto. (d) The Agent will promptly notify each Lender of its receipt of a Conversion/Continuation Notice or, if no notice is timely provided by the Company, the Agent will promptly notify each Lender of the details of any automatic conversion. All conversions and continuations shall be made ratably according to the respective outstanding principal amounts of the Loans with respect to which the notice was given. (e) Notwithstanding anything to the contrary contained in this section, Loans may not be converted into or continued as LIBOR Rate Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Procedure. (a) Base Rate Loans shall continue as Base Rate Loans unless and until converted into LIBOR Rate Loans. The Company may elect from time to time, subject to the terms and conditions of this Agreement, to convert all or any part of the outstanding Base Rate Loans into LIBOR Rate Loans. (b) At the end of the applicable Interest Period for LIBOR Rate Loans, such LIBOR Rate Loans shall be automatically converted into Base Rate Loans unless the Company shall have given the Agent notice in accordance with section 2.4(c) requesting that, at the end of such Interest Period, such LIBOR Rate Loans continue as LIBOR Rate Loans. (c) The Company shall deliver a Conversion/ Continuation Notice to the Agent for each conversion of Base Rate Loans or continuation of LIBOR Rate Loans. The Conversion/Continuation Notice must be received by the Agent not later than 11 a.m., Milwaukee time, at least three Business Days prior to the date of the requested conversion or continuation and must specify (i) the requested date (which shall be a Business Day) of such conversion or continuation, (ii) the amount of Revolving Loans to be converted or continued and (iii) the duration of the Interest Periods Period applicable thereto. (d) The Agent will promptly notify each Lender of its receipt of a Conversion/Continuation Notice or, if no notice is timely provided by the Company, the Agent will promptly notify each Lender of the details of any automatic conversion. All conversions and continuations shall be made ratably according to the respective outstanding principal amounts of the Revolving Loans with respect to which the notice was given. (e) Notwithstanding anything to the contrary contained in this section, Revolving Loans may not be converted into or continued as LIBOR Rate Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Procedure. (a) Base Rate Loans shall continue So long as Base Rate Loans unless no Event of Default has occurred and until converted into LIBOR Rate Loans. The Company is continuing, Borrower may elect from time to time, subject to the terms and conditions of this Agreementhereof, to convert all or any part a portion of the outstanding Base a Daily LIBOR Rate Loan to Periodic LIBOR Rate Loans into (in each case, in a minimum amount of $500,000 and in even increments of $100,000). A Daily LIBOR Rate Loans. (b) Loan shall continue as a Daily LIBOR Rate Loan unless and until converted to a Periodic LIBOR Rate Loan as provided hereunder. At the end of the applicable Interest Period for a Periodic LIBOR Rate LoansLoan, such Periodic LIBOR Rate Loans Loan shall automatically be automatically converted into Base a Daily LIBOR Rate Loans Loan unless the Company Borrower shall have given Bank a Conversion/Continuation Notice in the Agent notice in accordance with section 2.4(cform of Exhibit B hereto (a "Conversion/Continuation Notice") requesting that, at the end of such Interest Period, all or a portion of such Periodic LIBOR Rate Loans continue Loan be continued as a Periodic LIBOR Rate Loans. (c) The Company shall deliver a Conversion/ Continuation Notice Loan. Each change in the rate to be charged on the Agent for Revolving Note will become effective without notice on the commencement of each conversion of Base Rate Loans or continuation of Interest Period based upon the Adjusted LIBOR Rate Loansthen in effect. The Borrower shall give Bank a Conversion/Continuation Notice must be received by the Agent of each conversion of a Daily LIBOR Rate Loan to a Periodic LIBOR Rate Loan or continuation of a Periodic LIBOR Rate Loan not later than 11 a.m.2:00 p.m., Milwaukee time, at least three two London Business Days prior to the date of the requested conversion or continuation and must specify continuation, specifying (i) the requested date (which shall be a Business Day) of such conversion or continuation, (ii) the amount of Loans loan to be converted or continued continued, and (iii) the duration of the Interest Periods Period applicable thereto. (d) The Agent will promptly notify each Lender of its receipt of a Conversion/Continuation Notice or, if no notice is timely provided . Each such request by the Company, the Agent will promptly notify each Lender of the details of any automatic conversion. All conversions and continuations Borrower shall be made ratably according to the respective outstanding principal amounts of the Loans with respect to which the notice was givenirrevocable. (e) Notwithstanding anything to the contrary contained in this section, Loans may not be converted into or continued as LIBOR Rate Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Procedure. (a) Base Rate Loans shall continue as Base Rate Loans unless and until converted into LIBOR Rate Loans. The Company Borrower may elect from time to time, subject to the terms and conditions of this Agreement, to convert all or any part a portion of the outstanding Base Revolving Loans comprised of DBLR Loans to LIBOR Rate Loans into LIBOR Rate Loans(in each case, in a minimum amount of $500,000 and in integral multiples of $100,000 above such minimum). (b) At the end of the applicable Interest Period for a LIBOR Rate LoansLoan, such LIBOR Rate Loans Loan shall automatically be automatically converted into Base Rate Loans to a DBLR Loan unless the Company Borrower shall have given the Agent Bank notice in accordance with section 2.4(c2.6(c) requesting that, at the end that all or a portion of such Interest Period, such LIBOR Rate Loans continue Loan be continued as a LIBOR Rate LoansLoan. (c) The Company Borrower shall deliver a Conversion/ Continuation Notice furnish to the Agent Bank an appropriately completed and executed notice of conversion/continuation for each (i) conversion of Base a DBLR Loan to a LIBOR Rate Loans Loan or (ii) continuation of a LIBOR Rate Loans. The Conversion/Continuation Notice must be received by the Agent Loan as a LIBOR Rate Loan not later than 11 a.m., Milwaukee time, at least three on the date two Business Days prior to the date of the requested conversion or continuation. Each such request by the Borrower for a conversion or continuation of a Loan shall be irrevocable and must specify shall set forth (ix) the requested date (which shall be a Business Day) of such the conversion or continuation, (iiy) the aggregate amount of Loans to be converted or continued continued, as applicable, and (iiiz) the duration of the applicable Interest Periods applicable theretoPeriod. (d) The Agent will promptly notify each Lender of its receipt of a Conversion/Continuation Notice or, if no notice is timely provided by the Company, the Agent will promptly notify each Lender of the details of any automatic conversion. All conversions and continuations shall be made ratably according to the respective outstanding principal amounts of the Loans with respect to which the notice was given. (e) Notwithstanding anything to the contrary contained in this sectionAgreement, Loans (i) the Borrower may not select an Interest Period ending after the Revolving Note Maturity Date and (ii) no Loan may be converted into or continued as a LIBOR Rate Loans Loan when any Default or Event of Default has occurred and is continuingcontinuing unless the Bank consents thereto.