Common use of Conversion/Continuance Clause in Contracts

Conversion/Continuance. (a) The Company may request, by delivery to the Agent of a written Conversion/Continuance Request not less than three Business Days prior to a requested Conversion/Continuance Date, that all or portions of the outstanding Committed Loans, in the aggregate amount of $1,000,000 or in integral multiples of $100,000 in excess thereof (or, if the aggregate amount of outstanding Loans is less than $1,000,000, then all such lesser amount), to bear interest from and after the Conversion/Continuance Date as either ABR Loans or Eurodollar Loans. (b) Upon receipt of any such Conversion/Continuance Request from the Company, the Agent shall forthwith give notice to each Bank of the substance thereof. Effective on such Conversion/Continuance Date and upon payment by the Company of the amounts, if any, required by SECTION 5.3, the Committed Loans or portions thereof as to which the Conversion/Continuance Request was made shall commence to accrue interest as set forth in this ARTICLE for the interest rate selected by the Company. (c) In lieu of delivering the above described notice, the Company may give the Agent telephonic notice hereunder by the required time under this SECTION; provided that such telephonic notice shall be confirmed by delivery of a written notice to the Agent by no later than 4:00 p.m., New York City time, the date of such telephonic notice.

Conversion/Continuance. (a) The Company may request, by delivery to the Agent of a written Conversion/Continuance Request not less than three Business Days prior to a requested Conversion/Continuance Date, that all or portions of the outstanding Committed Loans, in the aggregate amount of $1,000,000 or in integral multiples of $100,000 in excess thereof (or, if the aggregate amount of outstanding Loans is less than $1,000,000, then all such lesser amount), to bear interest from and after the Conversion/Continuance Date as either ABR Loans or Eurodollar Loans. (b) Upon receipt of any such Conversion/Continuance Request from the Company, the Agent shall forthwith give notice to each Bank of the substance thereof. Effective on such Conversion/Continuance Date and upon payment by the Company of the amounts, if any, required by SECTION 5.34.3, the Committed Loans or portions thereof as to which the Conversion/Continuance Request was made shall commence to accrue interest as set forth in this ARTICLE for the interest rate selected by the Company. (c) In lieu of delivering the above described notice, the Company may give the Agent telephonic notice hereunder by the required time under this SECTION; provided that such telephonic notice shall be confirmed by delivery of a written notice to the Agent by no later than 4:00 p.m., New York City time, the date of such telephonic notice.

Conversion/Continuance. (a) The Company may request, by delivery to the Agent of a written Conversion/Continuance Request not less than three Business Days prior to a requested Conversion/Conversion/ Continuance Date, that all or portions of the outstanding Committed ABR Loans and Eurodollar Pro Rata Loans, in the aggregate amount of $1,000,000 or in integral multiples of $100,000 in excess thereof (or, if the aggregate amount of outstanding Loans is less than $1,000,000, then all such lesser amount), to shall bear interest from and after the Conversion/Continuance Conversion Date as either ABR Loans or Eurodollar Pro Rata Loans. (b) Upon receipt of any such Conversion/Conversion/ Continuance Request from the Company, the Agent shall forthwith give notice to each Bank of the substance thereof. Effective on such Conversion/Continuance Date and upon payment by the Company of the amounts, if any, required by SECTION 5.3Section 4.03, the Committed Loans or portions thereof as to which the Conversion/Continuance Request was made shall commence to accrue interest as set forth in this ARTICLE Article III for the interest rate selected by the Company. (c) In lieu of delivering the above described notice, the Company may give the Agent telephonic notice hereunder by the required time under this SECTIONSection 3.04; provided that such telephonic notice shall be confirmed by delivery of a written notice to the Agent by no later than 4:00 p.m.P.M., New York City time, the date of such telephonic notice.

Conversion/Continuance. (a) The Company may request, by delivery to the Agent of a written Conversion/Continuance Request not less than three Business Days prior to a requested Conversion/Conversion/ Continuance Date, that all or portions of the outstanding Committed ABR Loans and Eurodollar Pro Rata Loans, in the aggregate amount of $1,000,000 or in integral multiples of $100,000 in excess thereof (or, if the aggregate amount of outstanding Loans is less than $1,000,000, then all such lesser amount), to shall bear interest from and after the Conversion/Continuance Date as either ABR Loans or Eurodollar Pro Rata Loans. (b) Upon receipt of any such Conversion/Continuance Request from the Company, the Agent shall forthwith give notice to each Bank of the substance thereof. Effective on such Conversion/Continuance Date and upon payment by the Company of the amounts, if any, required by SECTION 5.3Section 4.03, the Committed Loans or portions thereof as to which the Conversion/Continuance Request was made shall commence to accrue interest as set forth in this ARTICLE Article III for the interest rate selected by the Company. (c) In lieu of delivering the above above-described notice, the Company may give the Agent telephonic notice hereunder by the required time under this SECTIONSection 3.05; provided that such telephonic notice shall be confirmed by delivery of a written notice to the Agent by no later than 4:00 p.m.3:00 P.M., New York City Chicago time, the date of such telephonic notice.