Common use of Conversions and Elections of Subsequent Interest Periods Clause in Contracts

Conversions and Elections of Subsequent Interest Periods. The Borrower may: (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower may: : (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time: : (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower may: (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.014.01(b), 4.02 and 4.03 hereof, the Borrowers may: (a) upon notice to the Administrative Agent on or before 10:30 A.M. Charlotte, North Carolina time on any Business Day convert all or a part of Eurodollar Loans that are Revolving Credit Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) on three (3) Eurodollar Business Days' notice to the Administrative Agent on or before 11:30 10:30 A.M. Charlotte, North Carolina time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation elections or Conversion conversions shall specify the effective date of such Continuation election or Conversion conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued continued or Convertedconverted. Each Continuation election and Conversion conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations continuations or Conversions conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower Subject to the limitations set forth below and in Sections 4.01(b), 4.02 and 4.03 hereof, the Borrowers may: (a) upon notice to the Administrative Agent on or before 11:30 10:30 A.M. Charlotte, North Carolina time on any Business Day Convert convert all or a part of Eurodollar Loans that are Revolving Credit Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Administrative Agent on or before 11:30 10:30 A.M. Charlotte, North Carolina time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation elections or Conversion conversions shall specify the effective date of such Continuation election or Conversion conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued continued or Convertedconverted. Each Continuation election and Conversion conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations continuations or Conversions conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower may: (a) upon notice to the Agent on or before 11:30 10:30 A.M. CharlotteDallas, North Carolina Texas time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.014.01(a), 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 10:30 A.M. CharlotteDallas, North Carolina Texas time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 2.10 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01(b), 4.02 and 4.03 hereof, the Borrower may: (a) upon notice to the Agent on or before 11:30 10:30 A.M. CharlotteDallas, North Carolina Texas time on any Business Day Convert convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 10:30 A.M. CharlotteDallas, North Carolina Texas time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation elections or Conversion conversions shall specify the effective date of such Continuation election or Conversion conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued continued or Convertedconverted. Each Continuation election and Conversion conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations continuations or Conversions conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The -------------------------------------------------------- Borrower may: (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections -------- 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the ------------------- Agent on or before 11:30 A.M. Charlotte, North Carolina time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 2.10 ------------ shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and ----------------------------- Article IV hereof. All such Continuations or Conversions of Loans shall be ---------- effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower may: (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time: (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.

Conversions and Elections of Subsequent Interest Periods. The Borrower may: : (a) upon notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and and (b) provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Sections 4.01, 4.02 and 4.03 hereof, on three (3) Eurodollar Business Days' notice to the Agent on or before 11:30 A.M. Charlotte, North Carolina time: : (i) Continue Eurodollar Loans and elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Eurodollar Business Day. Notice of any such Continuation or Conversion shall specify the effective date of such Continuation or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each Continuation and Conversion pursuant to this Section 2.11 shall be subject to the limitations on Eurodollar Loans set forth in the definition of "Interest Period" herein and in Sections 2.01(a), (b) and (c) and Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.