Common use of LIBOR Advances and Conversions Clause in Contracts

LIBOR Advances and Conversions. Subject to the applicable provisions of this Agreement, including Section 4.10, on any Business Day during the Disbursement Period, upon an irrevocable telephone notice to the Agent given prior to 12:00 p.m., at least three Business Days prior to the date of a proposed Libor Advance, followed by the immediate delivery of a written Notice of Borrowing, the Borrower may request that (a) a Libor Advance be made, (b) that one or more US Base Rate Advances not borrowed as Libor Advances be converted into one or more Libor Advances, or (c) that a Libor Advance or any part thereof be extended, as the case may be, in each case, under the Revolving Facility. If the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount on the date of a requested Libor Advance under the Unsecured Facility, the Borrower may also make such request under the Unsecured Facility. Each Selected Amount with respect to each Designated Period shall be in an amount of not less than US$1,000,000, and shall be in whole multiples of US$1,000,000. The Agent shall determine the LIBOR which will be in effect on the Rollover Date (which in such case must be a Banking Day), with respect to the Selected Amount or to each of the Selected Amounts, as the case may be, having a Designated Period of 10 to 180 days (or such other period as may be available and acceptable to the Agent) from the Rollover Date. However, if the Borrower has not delivered a notice to the Agent in a timely manner in accordance with the provisions of this Section 4.11, the Borrower shall be deemed to have chosen to have the interest on the amount of such Advance calculated on the US Base Rate Basis.

LIBOR Advances and Conversions. Subject to the applicable provisions of this Agreement, including Section 4.10, on On any Business Day during the Disbursement PeriodTerm, upon an irrevocable telephone notice to the Agent given prior to 12:00 p.m.10:00 A.M., New York time at least three Business Days prior to the date of a proposed Libor AdvanceAdvance or a Rollover Date, followed by the immediate delivery on the same day of a written Notice notice of Borrowingconfirmation substantially in the form annexed hereto as Schedule "B", each of the Borrower Borrowers may request that (a) a Libor Advance be made, (b) that one or more US Base Rate Advances not borrowed as Libor Advances be converted into one or more Libor Advances, Advances (but subject to the other provisions of this Agreement) or (c) that a Libor Advance or any part thereof be extended, as the case may be, in each case, under the Revolving Facility. If the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount on the date of a requested Libor Advance under the Unsecured Facility, the Borrower may also make such request under the Unsecured Facility. Each Selected Amount with respect to each Designated Period shall be in an amount of not less than US$1,000,000, and shall be in whole multiples of US$1,000,000. The Agent shall determine the LIBOR which will be in effect on the date of the Advance or the Rollover Date Date, as the case may be (which in such each case must be a Banking Business Day), with respect to the Selected Amount or to each of the Selected Amounts, as the case may be, having a Designated Period of 10 to 180 days (1, 2, 3 or such other period as may be available and acceptable to the Agent) from the Rollover Date6 months. However, if the a Borrower requesting a LIBOR Advance has not delivered a notice to the Agent in a timely manner in accordance with the provisions of this Section 4.114.2, the relevant Borrower shall be deemed to have chosen to have the interest on the amount of such Advance calculated on in accordance with the US Base Rate Basisprovisions of Section 5.11.

LIBOR Advances and Conversions. Subject to the applicable provisions of this Agreement, including Section 4.10, on any Business Day during the relevant Disbursement Period, upon an irrevocable telephone notice to the Agent given prior to 12:00 p.m.10:00 A.M., at least three (3) Business Days prior to the date of a proposed Libor AdvanceAdvance or a Rollover Date, followed by the immediate delivery of a written Notice of Borrowing, the Borrower may request that (a) a Libor Advance be made, (b) that one or more US Base Rate Advances not borrowed as Libor Advances be converted into one or more Libor Advances, Advances or (c) that a Libor Advance or any part thereof be extended, as the case may be, in each case, under the Revolving Facility. If the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount on the date of a requested Libor Advance under the Unsecured Facility, the Borrower may also make such request under the Unsecured Facility. Each Selected Amount (with respect to each Designated Period shall be in an amount of not less than US$1,000,000Facility A, and shall be in whole multiples of US$1,000,000such conversion or extension may also occur after the Conversion Date). The Agent shall determine the LIBOR which will be in effect on the date of the Advance or the Rollover Date Date, as the case may be (which in such case must be a Banking Day), with respect to the Selected Amount or to each of the Selected Amounts, as the case may be, having a Designated Period maturity of 10 1, 2, 3 or 6 months (subject to 180 days (or such other period as may be available and acceptable to the Agentavailability) from the date of the Advance or the Rollover Date, as the case may be. However, if the Borrower has not delivered a notice to the Agent in a timely manner in accordance with the provisions of this Section 4.114.2, the Borrower shall be deemed to have chosen to have the interest on the amount of such Advance calculated on the US Base Rate Basis.