Common use of Conversion and Continuation of Advances Clause in Contracts

Conversion and Continuation of Advances. The Borrower may, pursuant to a Borrowing Request (A) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the last day of any applicable Interest Period for a Fixed Rate Advance, elect to convert such Fixed Rate Advance to a Floating Rate Advance; (B) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the third Business Day prior to the day the conversion is to take effect, elect to convert any Floating Rate Advance to a Fixed Rate Advance; and (C) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the third Business Day prior to the last day of any applicable Interest Period for a Fixed Rate Advance, elect to convert or continue such Fixed Rate Advance at the same or another Fixed Rate. Each Borrowing Request shall be made by an Authorized Officer of the Borrower by telephone or, if requested by the Administrative Agent, by telecopy or personal delivery, in writing, in substantially the form of Exhibit B hereto, fully and accurately specifying the information required therein.

Conversion and Continuation of Advances. The Borrower may, pursuant to a Borrowing Request (A) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the last day of any applicable Interest Period for a Fixed Rate Advance, elect to convert such Fixed Rate Advance to a Floating Rate Advance; (B) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the third Business Day prior to the day the conversion is to take effect, elect to convert any Floating Rate Advance to a Fixed Rate Advance; and (C) received by the Administrative Agent not later than 9:00 A.M. (Seattle time) on the third Business Day prior to the last day of any applicable Interest Period for a Fixed Rate Advance, elect to convert or continue such Fixed Rate Advance at the same or another Fixed Rate. Each Borrowing Request shall be made by an Authorized Officer of the Borrower by telephone or, if requested by the Administrative Agent, by telecopy or personal delivery, in writing, in substantially the form of Exhibit B C hereto, fully and accurately specifying the information required therein.