Continuation Elections. The relevant Borrower may from time to time by delivering a Continuation Notice to the Administrative Agent on or before 1:00 p.m., Applicable Time, on a Business Day, irrevocably elect, on not less than three nor more than five Business Days’ notice, that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 of the LIBO Rate Loans, be continued for one or more new Interest Periods; provided that:
Continuation Elections. An authorized Person may, upon irrevocable Request to the Lender in accordance with Section 7.1(e) below, elect to continue, as of the last day of the applicable Interest Period, any portion (subject to the Minimum Borrowing Amount limitation) or all of any LIBOR Loan with the same or a different Interest Period, provided no partial continuation of a LIBOR Loan with a different Interest Period shall reduce the outstanding principal amount of the remaining LIBOR Loan with the same Interest Period to less than the Minimum Borrowing Amount.
Continuation Elections. By delivering a Continuation Notice to the Agent on or before 10:00 a.m. on a Business Day, the Borrower may from time to time irrevocably elect, on not less than three (3) nor more than five (5) Business Days' notice (counting the date on which such Continuation Notice is given) prior to the expiration of any Interest Period with respect to any then outstanding Loans, that such Loans be, upon the expiration of such Interest Period, continued as Loans for the Interest Period specified in such Continuation Notice; PROVIDED, HOWEVER, that, at any one time, only five (5) Interest Periods may be in effect; and PROVIDED, FURTHER, HOWEVER, that following any continuation of Loans, each tranche of Loans with identical Interest Periods made by all the Lenders shall be in an aggregate Principal Amount which is (a) in the case of Tranche A Loans, not less than U.S.$5,000,000 and (b) in the case of either type of Loans, in an integral multiple of U.S.$1,000,000.
Continuation Elections. (a) Upon the expiration of the applicable Interest Period, the Borrower shall have the option to continue all or any portion of any Loan as a LIBOR Rate Loan of the same Interest Period. Any such election must be made by the Borrower by 1:00 p.m. (Chicago time) on the 3rd Business Day prior to the end of such Interest Period. If no election is received with respect to a LIBOR Rate Loan by such time, that LIBOR Rate Loan shall be continued as a LIBOR Rate Loan with the same Interest Period. The Borrower must make such election by notice to Agent in writing, including by Electronic Transmission. Such election must be made pursuant to a written notice (a “Notice of Continuation”) substantially in the form of Exhibit 1.6.
Continuation Elections. (a) The Borrower may, upon irrevocable written notice to the Bank in accordance with Section 2.04(b), elect as of the last day of the applicable Interest Period, to continue any Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than the Equivalent of $250,000, or that is in an integral multiple of the Equivalent of $100,000 in excess thereof).
Continuation Elections. By delivering a Continuation Notice to the Facility Agent on or before 11:00 a.m. on a Business Day, the Borrower may from time to time irrevocably elect, on not less than three (3) nor more than five (5) Business Days' notice (counting the date on which such Continuation Notice is given) prior to the expiration of any Interest Period with respect to any then outstanding Loans, that such Loans be, upon the expiration of such Interest Period, continued as Loans for the Interest Period specified in such Continuation Notice; provided, however, that, at any one time (and subject to Clause 5.2(b) of the Common Terms Agreement), only five (5) Interest Periods may be in effect; and provided, further, however, that following any continuation of Loans, each tranche of Loans with identical Interest Periods made by all the Lenders shall be in an aggregate principal amount which is not less than U.S.$5,000,000 and in an integral multiple of U.S.$1,000,000. In the absence of delivery of a Continuation Notice with respect to any Loans at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such Loans shall, on such last day, automatically be deemed to be continued as Loans having (subject to Clause 3.2(b)) an Interest Period determined pursuant to the provisions of clause (c) of the definition of such term. Upon receipt of a Continuation Notice, the Facility Agent shall promptly notify each Lender and the Principal Facilities Agent of the contents thereof, and such Continuation Notice shall not thereafter be revocable.
Continuation Elections. (a) To continue all or part of a Loan for the same (or for a different) Interest Period, the Borrower must deliver a Continuation Notice to the Administrative Agent no later than 10.00 a.m. five Business Days prior to the expiration of the relevant Interest Period then in effect. To the extent the Borrower wishes to issue a Continuation Notice with respect to part (but not all) of the Loans, such Continuation Notice must relate to Loans in an aggregate Principal Amount of multiples of U.S.$1,000,000, and a maximum of four Interest Periods with respect to the Loans may be outstanding at any one time after giving effect thereto.
Continuation Elections. By delivering a Continuation Notice to the Administrative Agent on or before 11:00 a.m. (New York City time) on a Business Day, the Borrowers may from time to time irrevocably elect on not less than three nor more than five Business Days’ notice, that all, or any portion in an aggregate minimum amount of $1,000,000 and an integral multiple of $1,000,000 be continued as Loans accruing interest at the Adjusted Eurodollar Rate (in the absence of delivery of a Continuation Notice with respect to any Loan at least three Business Days (but not more than five Business Days) before the last day of the then current Interest Period with respect thereto, such Loan shall, on such last day, automatically continue for an Interest Period of one month); provided, however, that (a) each such continuation shall be prorated among the applicable outstanding Loans of all Lenders and (b) with respect to the Loans accruing interest at the Adjusted Eurodollar Rate that have an Interest Period ending on one particular date such Loans shall not be subject to the integral multiple requirement set forth above (it being understood that, if there are Loans with Interest Periods ending on more than one date, this clause shall only apply to those Loans with an Interest Period ending on one particular date and no other date).
Continuation Elections. Upon the expiration of the then current Interest Period, each LIBO Rate Loan shall automatically be continued as a LIBO Rate Loan with an Interest Period commencing on the expiration of such immediately preceding Interest Period; provided, however, that each such continuation shall be pro rated among the applicable outstanding Loans of all Lenders.
Continuation Elections. (a) So long as (i) no Event of Default exists; (ii) Borrower shall not have sent any notice of termination of this Agreement; and (iii) Borrower shall have complied with such customary procedures as Bank has established from time to time for Borrower’s requests for Advances, Borrower may, upon irrevocable written notice to Bank elect to continue on any Interest Payment Date any Advances maturing on such Interest Payment Date.
