Common use of Notice and Manner of Conversion or Continuation of Loans Clause in Contracts

Notice and Manner of Conversion or Continuation of Loans. Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the option to (a) Convert at any time all or any portion of its outstanding Base Rate Loans in a principal amount equal to $500,000 or any whole multiple of $100,000 in excess thereof into one or more Eurodollar Loans, and (b) upon the expiration of any Interest Period, (i) Convert all or any part of its outstanding Eurodollar Loans in a principal amount equal to $500,000 or a whole multiple of $100,000 in excess thereof into Base Rate Loans, or (ii) continue such Eurodollar Loans as Eurodollar Loans. Whenever the Borrower desires to Convert or continue Loans as provided immediately above, the Borrower shall give the Agent irrevocable prior written notice in the form attached as Exhibit D (a "Notice of Conversion/Continuation") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed Conversion or continuation of such Loan is to be effective specifying (A) the Loans to be Converted or continued, and, in the case of any Eurodollar Loan to be Converted or continued, the last day of the Interest Period therefor, (B) the effective date of such Conversion or continuation (which shall be a Business Day), and (C) the principal amount of such Loans to be Converted or continued. The Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Loans. Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the option to (a) Convert convert at any time all or any portion of its outstanding Base Rate Loans in a principal amount equal to $500,000 1,000,000 or any whole multiple of $100,000 500,000 in excess thereof into one or more Eurodollar Loans, and or (b) upon the expiration of any Interest Period, (i) Convert convert all or any part of its outstanding Eurodollar Loans in a principal amount equal to $500,000 or a whole multiple of $100,000 in excess thereof into Base Rate Loans, Loans or (ii) continue such Eurodollar Loans as Eurodollar Loans. Whenever the Borrower desires to Convert convert or continue Loans as provided immediately above, the Borrower shall give the Agent irrevocable prior written notice in the form attached as Exhibit D (a "Notice of Conversion/Conversion/ Continuation") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed Conversion conversion or continuation of such Loan is to be effective specifying (A) the Loans to be Converted converted or continued, and, in the case of any Eurodollar Loan to be Converted converted or continued, the last day of the Interest Period thereforthereof, (B) the effective date of such Conversion conversion or continuation (which shall be a Business Day), and (C) the principal amount of such Loans to be Converted converted or continued. The Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Loans. Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the option to (a) Convert at any time all or any portion of its outstanding Base Rate Loans in a principal amount equal to $500,000 or any whole multiple of $100,000 in excess thereof into one or more Eurodollar Loans, and (b) upon the expiration of any Interest Period, (i) Convert all or any part of its outstanding Eurodollar Loans in a principal amount equal to $500,000 or a whole multiple of $100,000 in excess thereof into Base Rate Loans, Loans or (ii) continue such Eurodollar Loans as Eurodollar Loans. Whenever the Borrower desires to Convert or continue Loans as provided immediately above, the Borrower shall give the Agent irrevocable prior written notice in the form attached as Exhibit D L (a "Notice of Conversion/Continuation") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed Conversion or continuation of such Loan is to be effective specifying (A) the Loans to be Converted or continued, and, in the case of any Eurodollar Loan to be Converted or continued, the last day of the Interest Period therefor, (B) the effective date of such Conversion or continuation (which shall be a Business Day), ) and (C) the principal amount of such Loans to be Converted or continued. The Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Loans. Provided that no Event of Default has occurred and is then continuing, the Borrower shall have the option to (a) Convert convert at any time all or any portion of its outstanding Base Rate Loans in a principal amount equal to $500,000 3,000,000 or any whole multiple of $100,000 1,000,000 in excess thereof into one or more Eurodollar LIBOR Rate Loans, and or (b) upon the expiration of any Interest Period, (i) Convert convert all or any part of its outstanding Eurodollar LIBOR Rate Loans in a principal amount equal to $500,000 3,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof into Base Rate Loans, or (ii) continue such Eurodollar LIBOR Rate Loans as Eurodollar LIBOR Rate Loans. Whenever the Borrower desires to Convert convert or continue Loans as provided immediately above, the Borrower shall give the Agent irrevocable prior written notice in the form attached as Exhibit D C (a "Notice of Conversion/Continuation") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed Conversion conversion or continuation of such Loan is to be effective specifying (Ai) the Loans to be Converted converted or continued, and, in the case of any Eurodollar LIBOR Rate Loan resulting from a conversion or to be Converted or continued, the last day of the Interest Period therefor, (Bii) the effective date of such Conversion conversion or continuation (which shall be a Business Day), and (Ciii) the principal amount of such Loans to be Converted converted or continued. The Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.