Common use of Conversion/Continuation Option Clause in Contracts

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Base Rate (other than Swing Purchases and Reimbursement Obligations) or any portion thereof to Capital Investments bearing Yield at the Citicorp LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Base Rate or to continue such Capital Investments bearing Yield at the Citicorp LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 or an integral multiple of $2,500,000 in excess thereof. Each conversion or continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s Receivable Interest. Each such election shall be in substantially the form of Exhibit I (a “Notice of Conversion or Continuation”) and shall be made by giving the Agent at least 3 Business Days’ prior written notice specifying (A) the amount and type of Capital Investment being converted or continued, (B) in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp LIBO Rate, the applicable Yield Period and (C) in the case of a conversion, the date of such conversion.

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Applicable Base Rate (other than Swing Purchases and Reimbursement ObligationsPurchases) or any portion thereof to Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Applicable Base Rate or to continue such Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 or an integral multiple of $2,500,000 1,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s Receivable Interest. Each such election shall be in substantially the form of Exhibit I H (a “Notice of Conversion or Continuation”) and shall be made by giving the Agent at least 3 Business Days’ prior written notice specifying (A) the amount and type of Capital Investment being converted or continued, (B) in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate, the applicable Yield Period and (C) in the case of a conversion, the date of such conversion.

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Applicable Base Rate (other than Swing Purchases and Reimbursement ObligationsPurchases) or any portion thereof to Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Applicable Base Rate or to continue such Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 or an integral multiple of $2,500,000 1,000,000 in excess thereof. Each conversion Conversion or continuation Continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s Purchasers Receivable Interest. Each such election shall be in substantially the form of Exhibit I H (a “Notice of Conversion or Continuation”) and shall be made by giving the Agent at least 3 Business Days’ Days prior written notice specifying (A) the amount and type of Capital Investment being converted or continued, (B) in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp Applicable LIBO RateRate or a Continuation, the applicable Yield Period and (C) in the case of a conversionConversion, the date of such conversionConversion.

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Base Rate (other than Swing Purchases and Reimbursement Obligations) or any portion thereof to Capital Investments bearing Yield at the Citicorp LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Base Rate or to continue such Capital Investments bearing Yield at the Citicorp LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 or an integral multiple of $2,500,000 in excess thereof. Each conversion or continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s 's Receivable Interest. Each such election shall be in substantially the form of Exhibit I (a “"Notice of Conversion or Continuation”") and shall be made by giving the Agent at least 3 Business Days’ ' prior written notice specifying (A) the amount and type of Capital Investment being converted or continued, (B) in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp LIBO Rate, the applicable Yield Period and (C) in the case of a conversion, the date of such conversion.

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Applicable Base Rate (other than Swing Purchases and Reimbursement Obligations) or any portion thereof to Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Applicable Base Rate or to continue such Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 5,000,000 or an integral multiple of $2,500,000 1,000,000 in excess thereof. Each conversion Conversion or continuation Continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s Receivable Interest. Each such election shall be in substantially the form of Exhibit I G (a “Notice of Conversion or Continuation”) and shall be made by giving the Agent at least 3 three Business Days’ prior written notice specifying (A) the amount and type of Capital Investment being converted or continued, (B) in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp Applicable LIBO RateRate or a Continuation, the applicable Yield Period and (C) in the case of a conversionConversion, the date of such conversionConversion.

Conversion/Continuation Option. (a) The Seller may elect (i) at any time on any Business Day, to convert Capital Investments bearing Yield at the Citicorp Applicable Base Rate (other than Swing Purchases and Reimbursement ObligationsPurchases) or any portion thereof to Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate and (ii) at the end of any applicable Yield Period, to convert Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof into Capital Investments bearing Yield at the Citicorp Applicable Base Rate or to continue such Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate or any portion thereof for an additional Yield Period; provided, however, that the aggregate amount of the Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate for each Yield Period must be in an amount of at least $10,000,000 5,000,000 or an integral multiple of $2,500,000 1,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Capital Investments of each Purchaser in accordance with such Purchaser’s Receivable InterestRatable Portion. Each such election shall be in substantially the form of Exhibit I H (a “Notice of Conversion or Continuation”) and shall be made by giving the Agent at least 3 Business Days’ prior written notice specifying (A) specifying the amount and type of Capital Investment being converted or continued, (B) specifying in the case of a conversion to or a continuation of Capital Investments bearing Yield at the Citicorp Applicable LIBO Rate, the applicable Yield Period and Period, (C) specifying in the case of a conversion, the date of such conversionconversion and (D) certifying that no Event of Termination has occurred and is continuing, and certifying that the representations and warranties applicable to the Seller contained in Article IV of this Agreement and in Article III of the Receivables Sale Agreement are and will be true and correct on and as of the date of such conversion or continuation as though made on and as of such date, other than any such representations and warranties that, by their terms, refer to a specific date other than the date of such conversion or continuation, in which case as of such dates.