Common use of Conversion Between Commercial Paper Term Periods Clause in Contracts

Conversion Between Commercial Paper Term Periods. Each Note in Commercial Paper Term Period may be remarketed into the same Interest Rate Period or converted at the option of the Company to a different Commercial Paper Term Period on any Interest Rate Adjustment Date for such Note upon receipt by the applicable Remarketing Agent and the Trustee of a Conversion Notice prior to 9:30 a.m., New York City time, or the remarketing of such Note, whichever later occurs, on such Interest Rate Adjustment Date.

Conversion Between Commercial Paper Term Periods. Each Note in a Commercial Paper Term Period may be remarketed into the same Interest Rate Period or converted at the option of the Company to a different Commercial Paper Term Period on any Interest Rate Adjustment Date for such Note upon either receipt by the applicable Remarketing Agent and the Trustee of a notice, which will be submitted promptly confirmed in writing (which includes facsimile or appropriate electronic media), from the Company (a "Conversion Notice Notice") prior to 9:30 a.m., New York City time, or the remarketing of such Note, whichever later occursoccurs later, on such Interest Rate Adjustment Date.

Conversion Between Commercial Paper Term Periods. Each Note in a Commercial Paper Term Period may be remarketed into the same Interest Rate Period or converted at the option of the Company to a different Commercial Paper Term Period on any Interest Rate Adjustment Date for such Note upon receipt by the applicable Remarketing Agent and the Trustee of a Conversion Notice prior to 9:30 a.m., New York City time, or the remarketing of such Note, whichever later occurs, on such Interest Rate Adjustment Date.