Conversion to Base Rate. Borrower may elect to convert any LIBOR Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving Advance Notice to the Administrative Agent of such election.
Appears in 3 contracts
Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc)
Conversion to Base Rate. The Borrower may elect to convert any Borrowing of LIBOR Loan Loans on the last day of the then current Interest Period relating thereto to a Borrowing of Base Rate Loan Loans by giving Advance Notice to the Administrative Agent of such election. Promptly after receipt of the Advance Notice, the Agent shall notify each Lender of the proposed conversion.
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