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

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV, the Borrowers may: (a) upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. on any Business Day, Convert all or a part of Eurodollar Rate Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; provided, that a Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made by Borrower only in anticipation of a prepayment of such Base Rate Loans within one week after such Conversion; and (b) provided that no Default or Event of Default shall have occurred and be continuing and upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. three (3) Business Days' prior to the date of such election or Conversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; and (ii) Convert Base Rate Loans to Eurodollar Rate Loans on any Business Day (and shall so Convert any Base Rate Loan to a Eurodollar Rate Loan within one week after the borrowing date therefor). Each election and Conversion pursuant to this Section 2.7 shall be subject to the limitations on Eurodollar Rate Loans set forth in the definition of "Interest Period" herein and in Sections 2.1, 2.3 and Article IV. The Agent shall give written notice to each Lender of such notice of election or Conversion prior to 3:00 P.M. on the day such notice of election or Conversion is received. 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. Subject to the limitations set forth below and in Article IV, the Borrowers may: (a) upon Upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. on any Business Day, the Borrower may Convert all or a part of Eurodollar Rate Loans under the Revolving Credit Facility to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; provided, that a Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made by Borrower only in anticipation of a prepayment of such Base Rate Loans within one week after such Conversion; 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 Article IV hereof, the Borrower may, upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. three (3) Business Days' prior to the date of such election or Conversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans under the Revolving Credit Facility to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; and (ii) Convert Base Rate Loans under the Revolving Credit Facility to Eurodollar Rate Loans on any Business Day (and shall so Convert any Base Rate Loan to a Eurodollar Rate Loan within one week after the borrowing date therefor)Day. Each election and Conversion pursuant to this Section 2.7 2.8 shall be subject to the limitations on Eurodollar Rate Loans set forth in the definition of "Interest Period" herein and in Sections 2.1, 2.3 and Article IVIV hereof. The Agent shall give written notice to each Lender of such notice of election or Conversion prior to 3:00 12:00 P.M. on the day such notice of election or Conversion is received. 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. Subject Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Article IV, the Borrowers Borrower may: (a) upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. on any Business Day, Convert convert all or a part of Eurodollar Rate Loans under either the Revolving Credit Facility or the Line of Credit Facility to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; provided, that a Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made by Borrower only in anticipation of a prepayment of such Base Rate Loans within one week after such Conversion; and (b) provided that no Default or Event of Default shall have occurred and be continuing and upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. three (3) Business Days' Days prior to the date of such election or Conversionconversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans under either the Revolving Credit Facility or the Line of Credit Facility to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; and (ii) Convert convert Base Rate Loans under either the Revolving Credit Facility or the Line of Credit Facility to Eurodollar Rate Loans on any Business Day (and shall so Convert any Base Rate Loan to a Eurodollar Rate Loan within one week after the borrowing date therefor)Day. Each election and Conversion conversion pursuant to this Section 2.7 2.9 shall be subject to the limitations on Eurodollar Rate Loans set forth in the definition of "Interest Period" herein and in Sections 2.1, 2.3 2.1 and 2.4 and Article IV. The Agent shall give written notice to each Lender of such notice of election or Conversion conversion prior to 3:00 P.M. on the day such notice of election or Conversion is received. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.3:00

Conversions and Elections of Subsequent Interest Periods. Subject Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Article IV------- VI, the Borrowers Borrower may:: -- (a) upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. on any Business Day, Convert convert all or a part of Eurodollar Rate Loans under the Revolving Credit Facility to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; provided, that a Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made by Borrower only in anticipation of a prepayment of such Base Rate Loans within one week after such Conversion; and (b) provided that no Default or Event of Default shall have occurred and be continuing and upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. three (3) Business Days' prior to the date of such election or Conversionconversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans under the Revolving Credit Facility to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; and (ii) Convert convert Base Rate Loans under the Revolving Credit Facility to Eurodollar Rate Loans on any Business Day (and shall so Convert any Base Rate Loan to a Eurodollar Rate Loan within one week after the borrowing date therefor)Day. Each election and Conversion conversion pursuant to this Section 2.7 3.8 shall be ----------- subject to the limitations on Eurodollar Rate Loans set forth in the definition of "Interest Period" herein and in Sections 2.13.1, 2.3 3.3 and Article IV----------------- ------- VI. The Agent shall give written notice to each Lender of such notice of -- election or Conversion conversion prior to 3:00 P.M. on the day such notice of election or Conversion conversion is received. 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. Subject to the limitations set forth below and in Article IV, the Borrowers may: (a) upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. on any Business Day, Convert all or a part of Eurodollar Rate Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; provided, that a Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made by Borrower only in anticipation of a prepayment of such Base Rate Loans within one week after such Conversion; and (b) provided that no Default or Event of Default shall have occurred and be continuing and upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Agent on or before 10:30 A.M. three (3) Business Days' prior to the date of such election or Conversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; and (ii) Convert Base Rate Loans to Eurodollar Rate Loans on any Business Day (and shall so Convert any Base Rate Loan to a Eurodollar Rate Loan within one week after the borrowing date therefor). Each election and Conversion pursuant to this Section 2.7 2.8 shall be subject to the limitations on Eurodollar Rate Loans set forth in the definition of "Interest Period" herein and in Sections 2.1, 2.3 and Article IV. The Agent shall give written notice to each Lender of such notice of election or Conversion prior to 3:00 P.M. on the day such notice of election or Conversion is received. All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.