Common use of CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD Clause in Contracts

CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD. (a) The Borrowers may, upon notice given to the Agent in the form of the Notice of Conversion/Continuation attached hereto as Exhibit "E" (effective upon receipt) no later than 10:00 a.m. (Eastern Time) at least three (3) Business Days prior to the date of a proposed Conversion into or Continuation of LIBOR Rate Advances and not later than 10:00 a.m. (Eastern Time) at least one (1) Business Day prior to the date of a proposed Conversion into Prime Rate Advances, and subject to the provisions hereof, Convert Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type or Continue Revolving Credit Advances of one Type as Revolving Credit Advances of the same Type at any time and from time to time on any Business Day; provided, -------- however, that (i) any Conversion or Continuation of LIBOR Rate Advances shall be ------- made on, and only on, the last day of the Interest Period for the LIBOR Rate Advances being Converted or Continued, (ii) any Conversion or Continuation of any Revolving Credit Advances into LIBOR Rate Advances shall be in amounts not less than the minimum aggregate amounts specified in Section 2.2(a), and (iii) no Conversion or Continuation of Advances shall result in a greater number of different Interest Periods for LIBOR Rate Advances and Bid Rate Loans than is permitted under Section 2.2(b). Each such notice of Conversion or Continuation shall be in writing or shall be by telephone or telecopier, confirmed immediately in writing, specifying, within the restrictions specified above, the date of such Conversion or Continuation, the Revolving Credit Advances to be Converted or Continued, the portion thereof to be Converted or Continued, and the Type of Revolving Credit Advances into which they will be Converted or Continued and if such Conversion or Continuation is into LIBOR Rate Advances, the duration of the Interest Periods for such Advances. Each notice of Conversion or Continuation shall be irrevocable and binding on the Borrowers.

CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD. (a) The Borrowers Borrower may, upon notice given to the Agent in the form of the Notice of Conversion/Continuation attached hereto as Exhibit "E" (effective upon receipt) no later than 10:00 a.m. 12:00 p.m. (Eastern Time) at least three (3) Business Days prior to the date of a proposed Conversion into or Continuation of LIBOR Rate Advances and not later than 10:00 a.m. 12:00 p.m. (Eastern Time) at least one (1) Business Day prior to the date of a proposed Conversion into Prime Base Rate Advances, and subject to the provisions hereof, Convert Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type or Continue Revolving Credit Advances an Advance of one Type as Revolving Credit Advances of the same Type at any time and from time to time on any Business Day; providedPROVIDED, -------- howeverHOWEVER, that (i1) any Conversion or Continuation of LIBOR Rate Advances shall be ------- made on, and only on, the last day of the Interest Period for the LIBOR Rate Advances being Converted or Continued, (ii) any Conversion or Continuation of any Revolving Credit Advances into a LIBOR Rate Advances shall be in amounts an aggregate amount not less than the minimum aggregate amounts amount specified in Section Subsection 2.2(a), and (iii) no Conversion or Continuation of Advances shall result in a greater number of different Interest Periods for LIBOR Rate Advances and Bid Rate Loans than is permitted under Section 2.2(b). in the definition of "Interest Period." Each such notice of Conversion or Continuation shall be given in writing or shall be by telephone telephone, telex, facsimile transmission, or telecopiercable, confirmed immediately in writing, specifying, within the restrictions specified above, the date of such Conversion or Continuation, the Revolving Credit Advances to be Converted or Continued, the portion thereof to be Converted or Continued, and the Type of Revolving Credit Advances into which they will be Converted or Continued Continued, and if such Conversion or Continuation is into LIBOR Rate Advances, the duration of the Interest Periods Period for such Advances. Each notice of Conversion or Continuation shall be irrevocable and binding on the BorrowersBorrower.

CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD. (a) The Borrowers may, upon notice given to the Agent in the form of the Notice of Conversion/Continuation attached hereto as Exhibit "EM" (effective upon receipt) no later than 10:00 a.m. (Eastern Time) at least three (3) Business Days prior to the date of a proposed Conversion into or Continuation of LIBOR Rate Advances and not later than 10:00 a.m. (Eastern Time) at least one (1) Business Day prior to the date of a proposed Conversion into Prime Rate Advances, and subject to the provisions hereof, Convert Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type or Continue Revolving Credit Advances of one Type as Revolving Credit Advances of the same Type at any time and from time to time on any Business Day; provided, -------- however, that (i) any Conversion or Continuation of LIBOR Rate Advances shall be ------- made on, and only on, the last day of the Interest Period for the LIBOR Rate Advances being Converted or Continued, (ii) any Conversion or Continuation of any Revolving Credit Advances into LIBOR Rate Advances shall be in amounts not less than the minimum aggregate amounts specified in Section 2.2(a), and (iii) no Conversion or Continuation of Advances shall result in a greater number of different Interest Periods for LIBOR Rate Advances and Bid Rate Loans than is permitted under Section 2.2(b). Each such notice of Conversion or Continuation shall be in writing or shall be by telephone or telecopier, confirmed immediately in writing, specifying, within the restrictions specified above, the date of such Conversion or Continuation, the Revolving Credit Advances to be Converted or Continued, the portion thereof to be Converted or Continued, and the Type of Revolving Credit Advances into which they will be Converted or Continued Continued, and if such Conversion or Continuation is into LIBOR Rate Advances, the duration of the Interest Periods for such Advances. Each notice of Conversion or Continuation shall be irrevocable and binding on the Borrowers.

CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD. (a) The Borrowers may, upon notice given to the Agent in the form of the Notice of Conversion/Continuation attached hereto as Exhibit "E" (effective upon receipt) no later than 10:00 a.m. (Eastern Time) at least three (3) Business Days prior to the date of a proposed Conversion into or Continuation of LIBOR Rate Advances and not later than 10:00 a.m. (Eastern Time) at least one (1) Business Day prior to the date of a proposed Conversion into Prime Rate Advances, and subject to the provisions hereof, Convert Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type or Continue Revolving Credit Advances of one Type as Revolving Credit Advances of the same Type at any time and from time to time on any Business Day; provided, -------- however, that (i) any Conversion or Continuation of LIBOR Rate Advances shall be ------- made on, and only on, the last day of the Interest Period for the LIBOR Rate Advances being Converted or Continued, (ii) any Conversion or Continuation of any Revolving Credit Advances into LIBOR Rate Advances shall be in amounts not less than the minimum aggregate amounts specified in Section 2.2(a), and (iii) no Conversion or Continuation of Advances shall result in a greater number of different Interest Periods for LIBOR Rate Advances and Bid Rate Loans than is permitted under Section 2.2(b). Each such notice of Conversion or Continuation shall be in writing or shall be by telephone or telecopier, confirmed immediately in writing, specifying, within the restrictions specified above, the date of such Conversion or Continuation, the Revolving Credit Advances to be Converted or Continued, the portion thereof to be Converted or Continued, and the Type of Revolving Credit Advances into which they will be Converted or Continued Continued, and if such Conversion or Continuation is into LIBOR Rate Advances, the duration of the Interest Periods for such Advances. Each notice of Conversion or Continuation shall be irrevocable and binding on the Borrowers.

CONVERSION AND CONTINUATION OF ADVANCES; FAILURE TO SELECT INTEREST PERIOD. (a) The Borrowers may, upon notice given to the Agent in the form of the Notice of Conversion/Continuation attached hereto as Exhibit "E" (effective upon receipt) no later than 10:00 a.m. (Eastern Time) at least three (3) Business Days prior to the date of a proposed Conversion into or Continuation of LIBOR Rate Advances and not later than 10:00 a.m. (Eastern Time) at least one (1) Business Day prior to the date of a proposed Conversion into Prime Rate Advances, and subject to the provisions hereof, Convert Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type or Continue Revolving Credit Advances of one Type as Revolving Credit Advances of the same Type at any time and from time to time on any Business Day; provided, -------- however, that (i) any Conversion or Continuation of LIBOR Rate Advances shall be ------- made on, and only on, the last day of the Interest Period for the LIBOR Rate Advances being Converted or Continued, (ii) any Conversion or Continuation of any Revolving Credit Advances into LIBOR Rate Advances shall be in amounts not less than the minimum aggregate amounts specified in Section 2.2(a), and (iii) no Conversion or Continuation of Advances shall result in a greater number of different Interest Periods for LIBOR Rate Advances and Bid Rate Loans than is permitted under Section 2.2(b). Each such notice of Conversion or Continuation shall be in writing or shall be by telephone or telecopier, confirmed immediately in writing, specifying, within the restrictions specified above, the date of such Conversion or Continuation, the Revolving Credit Advances to be Converted or Continued, the portion thereof to be Converted or Continued, and the Type of Revolving Credit Advances into which they will be Converted or Continued and if such Conversion or Continuation is into LIBOR Rate Advances, the duration of the Interest Periods for such Advances. Each notice of Conversion or Continuation shall be irrevocable and binding on the Borrowers.