Common use of Conversion of Base Rate Portions Clause in Contracts

Conversion of Base Rate Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrower, on its own behalf and on behalf of each other Co-Borrower, may, on any Business Day, convert any Base Rate Portion into a LIBOR Portion. If Borrower desires to convert a Base Rate Portion, Borrower shall give Agent a LIBOR Request no later then 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Portions to LIBOR Portions, Co-Borrowers shall not be permitted to have outstanding at any one time LIBOR Portions with more than four (4) different Interest Periods.

Conversion of Base Rate Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrower, on its own behalf and on behalf of each other Co-Borrower, a Borrower may, on any Business Day, convert any Base Rate Portion of such Borrower into a LIBOR Portion. If a Borrower desires to convert a Base Rate Portion, Borrower Wabash (on behalf of such Borrower) shall give Agent a LIBOR Request no later then 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Portions to LIBOR Portions, Co-Borrowers shall not be permitted to have outstanding at any one time LIBOR Portions with more than four six (46) different Interest Periods.

Conversion of Base Rate Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrower, on its own behalf and on behalf of each other Co-Borrower, Borrowers may, on any Business Day, convert any Base Rate Portion into a LIBOR Portion. If Borrower desires Borrowers desire to convert a Base Rate Portion, Borrower MFRI, on its own behalf and on behalf of all other Borrowers, shall give Agent a LIBOR Request no later then than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Portions to LIBOR Portions, Co-Borrowers shall not be permitted to have outstanding at any one time LIBOR Portions with more than four five (45) different Interest Periods.

Conversion of Base Rate Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrower, on its own behalf and on behalf of each other Co-Borrower, Borrowers may, on any Business Day, convert any Base Rate Portion into a LIBOR Portion. If Borrower desires Borrowers desire to convert a Base Rate Portion, Borrower MFRI, on its own behalf and on behalf of all other Borrowers, shall give Agent a LIBOR Request no later then 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Portions to LIBOR Portions, Co-Borrowers shall not be permitted to have outstanding at any one time LIBOR Portions with more than four five (45) different Interest Periods.

Conversion of Base Rate Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, Borrower, on its own behalf and on behalf of each other Co-Borrower, Borrowers may, on any Business Day, convert any Base Rate Portion into a LIBOR Portion. If Borrower desires Borrowers desire to convert a Base Rate Portion, Borrower MFRI, on its own behalf and on behalf of all other Borrowers, shall give Agent a LIBOR Request no later then 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Portions to LIBOR Portions, Co-Borrowers shall not be permitted to have outstanding at any one time LIBOR Portions with more than four five (45) different Interest Periods.. 3.1.9